Property Overview: 188 Syndicate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinctive profile within Winnipeg’s North Point Douglas neighborhood. Its primary appeal lies in being a significantly newer construction (built in 2010) compared to its immediate surroundings, which are predominantly composed of much older homes. This translates to modern building systems, likely lower maintenance needs, and contemporary living spaces within a historic area.
The 1,114 sqft living area is comfortably average for the street and neighborhood, suitable for a small family, couple, or an individual. A thoughtful perspective is that while the lot size is modest city-wide, it is standard for the area, offering manageable outdoor space without excessive upkeep.
The most compelling characteristic is its assessed value of $221,000. This figure ranks in the top 3% on its street and top 13% in North Point Douglas, indicating it is considered a high-value property locally. However, it's notably below the city-wide average, highlighting a significant value proposition for a modern home. This creates an interesting dynamic: it’s a premium property on its block but priced accessibly within the broader market.
This property would best suit a value-conscious buyer seeking a modern, low-maintenance home without leaving the city core. It’s ideal for someone who appreciates the character of an established neighborhood but desires the practicality of a newer build, and who understands that property values are hyper-local.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high for the neighborhood?
The assessment reflects the property’s modern construction (2010) compared to the neighborhood's older housing stock (average year built ~1934). Assessors value the condition, age, and features of this specific home, which stand out locally.
2. Does the below-average city-wide assessment mean it’s a good deal?
Potentially, yes. It suggests you may get more modern home for your dollar here than in many other Winnipeg neighborhoods. However, "deal" is relative to location preference; it reflects the typical price differential between central, historically working-class neighborhoods and newer suburban areas.
3. What does the sold price history (CA$200k–250k in 2021) indicate?
The 2021 sale price falls within a range close to the current assessed value, suggesting market stability for this property over the last few years. For exact historical sold prices, a manual lookup via the site’s email request is required.
4. Are there any concerns about a newer home in an older area?
It can be a double-edged sword. While benefits include modern infrastructure, the architectural style and lot size may differ from neighboring homes. It’s wise to research future development plans for the street to see if the character is evolving.
5. How reliable is this comparative data?
The rankings provide useful context for how this property fits within its immediate street, neighborhood, and city. The underlying data is from public sources, not the MLS, and is considered reasonably reliable for broad comparison. For precise figures and verified transaction history, you must request a manual lookup from the site.