Property Overview: 169 Bluewater Crescent, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This 1,044 sqft bungalow, built in 1971 on a 3,780 sqft lot, presents a distinct value-oriented profile in the Niakwa Place neighbourhood. Its primary appeal lies in its significantly lower assessed value ($262,000) compared to surrounding homes. This positions it as one of the most affordable properties on its street and within the wider area, offering a rare entry point into a mature, established community.

The home suits practical buyers looking for value and potential. It’s a logical fit for first-time homeowners who prioritize location and lot ownership over move-in-ready size or finish, or for investors seeking a property with a lower entry cost in a stable area. The house offers a grounded opportunity: you’re purchasing a below-average priced asset in an average-aged home on a standard-sized street lot. This creates a clear value proposition, but it also suggests the property may require updates or improvements, as the living area is notably smaller than the neighbourhood average. It’s a property that rewards a vision for gradual improvement rather than offering immediate luxury.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on municipal evaluation, which considers factors like the home's size, age, condition, and recent improvements. Its ranking in the bottom tier for value locally suggests it may be assessed according to its current state, potentially reflecting a need for modernization compared to updated homes on the same street.

2. Is the smaller living area a concern?
At 1,044 sqft, the living space is below the Niakwa Place average. This suits simpler living arrangements but may feel compact for larger families. The trade-off is the access to a neighbourhood where larger homes typically command much higher prices.

3. What does the lot size mean for me?
The 3,780 sqft lot is average for Bluewater Crescent but below the norm for the larger Niakwa Place area. This means you have a standard suburban yard for the immediate street, but less land than many properties in the wider community, which often feature larger lots.

4. Are there recent sales records for this property?
As per the data notes, recent sales history is not publicly displayed on this page. Exact sale figures can be requested directly from the site via email, and they will provide a manual lookup.

5. What are the likely next steps if I’m interested?
Given the value positioning, a key step would be a thorough home inspection to understand the condition of the 55-year-old property and to budget for any necessary repairs or updates. It’s also wise to research any planned developments or area improvements that might affect future value.