Property Overview: 164 Bluewater Crescent, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This 850 sqft bungalow, built in 1971, presents a practical and affordable entry point into Winnipeg’s Niakwa Place neighbourhood. Its core appeal lies in its relative value. With an assessed value of $303,000, it sits below the area average, offering a lower property tax base and a potentially accessible purchase price for the neighbourhood. The home is modest in scale, with a living area and lot size (3,520 sqft) that are notably smaller than most in Niakwa Place, which typically features larger properties. This positions it not as a sprawling family home, but as a manageable, low-maintenance option.

The property would best suit first-time buyers, downsizers, or investors seeking a foothold in a stable, established area without the premium of a larger, updated home. Its value is functional rather than luxurious. A thoughtful perspective is that its smaller footprint and older vintage may represent a clearer renovation opportunity or a chance to own land in a desirable area where simply purchasing a larger, turn-key home might be financially out of reach. It’s a property for those who prioritize location and fundamentals over size and modern finishes.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
Based on assessed value, this home is priced below the Niakwa Place average, suggesting a lower entry cost. However, this correlates with its smaller-than-average size and older year of build, so value depends on your priorities for space versus location.

2. What does the sold price history indicate?
Records show it last sold between $200,000-$250,000 in March 2021. This historical data, while not an exact predictor, highlights significant appreciation in assessed value since then and provides context on the property’s market trajectory.

3. How does the lot size compare?
The 3,520 sqft lot is smaller than most in Niakwa Place. This means less yard maintenance but also less private outdoor space compared to neighbours, which is a key differentiator for this property.

4. What are the implications of the home’s size and age?
At 850 sqft and 55 years old, buyers should budget for potential updates to systems, insulation, or layout. The size is efficient but may feel compact for some; it’s ideal for those comfortable with a cozy footprint or with plans to renovate.

5. How can I get the exact past sold prices?
The provided sold price is a range. For fully verified, exact transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.