Property Overview: 127 Syndicate Street, Winnipeg

Key Characteristics & Appeal

This home at 127 Syndicate Street in North Point Douglas presents a compelling mix of space, value, and modern age within an established neighborhood. Built in 1984, it is a notably newer construction compared to most homes on its street and in the wider area, which typically date back to the early 1900s. This suggests potentially fewer concerns with outdated infrastructure and major heritage restoration projects.

Its primary appeal lies in its generous living space. At 1,503 sqft, it offers significantly more room than the average home on Syndicate Street and in North Point Douglas, placing it in the top tier for size locally. This is paired with a manageable, standard-sized city lot of 3,278 sqft.

The property’s assessed value of $200k sits above the local averages for the street and neighborhood, reflecting its larger size and newer build. However, it remains well below the city-wide average assessed value, highlighting a key dynamic: this is a property that offers substantial physical assets for a price point that is distinctly accessible within the Winnipeg market. It suits practical buyers looking for a spacious, relatively modern home without a premium city-wide price tag, and those who see value in a neighborhood with character and redevelopment potential.

Frequently Asked Questions

1. How does the 1984 build year affect this property?
Unlike many century-old homes in the area, a 1984 construction typically means modern wiring, plumbing, and insulation standards. This can translate to lower immediate repair costs and better energy efficiency, though it’s still a 40-year-old home that will require routine maintenance.

2. The assessed value is above average locally but below average city-wide. What does this mean?
This indicates you are getting more house for your money compared to most of Winnipeg. The assessment reflects the property’s physical attributes (size, age) positively, but its location in North Point Douglas keeps the value accessible compared to city-wide averages, which are pulled higher by more expensive neighborhoods.

3. Is the lot size a limitation?
At 3,278 sqft, the lot is standard for the dense, historic neighborhood and is very typical for the area. It provides adequate outdoor space but is not oversized. For buyers seeking a large yard, this may be a consideration. City-wide, lots are generally larger, so this is a trade-off for the in-town location.

4. What can recent sale data tell us?
The home sold in May 2022 for an estimated $200k-$250k. This recent sale price aligns closely with its current $200k assessment, suggesting a stable valuation. It’s always wise to investigate exact sale figures and any changes made to the property since that time.

5. How reliable is this data, and how can I get more details?
The provided statistics are based on public assessment and sale data, which is reasonably reliable for comparison but not guaranteed. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site, as they do not have access to proprietary MLS sales records.