Property Overview

161 Bluewater Crescent is a 754 sqft bungalow built in 1971, situated on a 3,498 sqft lot in Winnipeg's Niakwa Place neighbourhood. With an assessed value of $306,000, it presents a specific value proposition shaped by its size, location, and market position.

Key Characteristics & Appeal

This home’s primary appeal lies in its affordability and efficiency within a well-established area. The assessed value is notably below the Niakwa Place average, offering a more accessible entry point into a mature neighbourhood. The compact living space and smaller lot size translate to lower maintenance demands, both in terms of interior upkeep and yard work.

The property would suit first-time buyers or downsizers seeking a manageable, single-level home without a premium price tag. Its value is average for its immediate street and the wider city, suggesting a fair, stable investment rather than an undervalued bargain. A thoughtful perspective is that this home prioritizes function and location over size; it’s for someone who values a established community setting and prefers to spend less time on property maintenance and more on other pursuits. It’s a practical choice rather than a prestige address.

Frequently Asked Questions

1. How does the property’s size compare to others?
The living area (754 sqft) is below average for the street, the Niakwa Place area, and the city overall. It is a compact, efficient layout.

2. Is the assessed value high for the area?
No. The $306,000 assessment is below the Niakwa Place average but is around average for the immediate street and the wider Winnipeg market.

3. What is the lot size like?
The lot is 3,498 sqft, which is smaller than most properties on the street and in the surrounding area, resulting in less outdoor maintenance.

4. When was the home built?
It was built in 1971, which is around the average age for homes on Bluewater Crescent and in the broader city.

5. What was the last sold price?
Records indicate it sold between $250,000 and $300,000 in July 2021. For verified, exact historical sale figures, you can request a manual lookup via email.