Property Overview: 197 Bluewater Crescent, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This home at 197 Bluewater Crescent presents a specific value proposition within the Niakwa Place neighbourhood. Built in 1973, it is slightly older than many homes on its street, yet it offers above-average living space for the immediate area at 1,219 sq ft. The lot size of 3,731 sq ft is more compact compared to the neighbourhood and city averages, suggesting a lower-maintenance yard.

The primary appeal lies in its positioning. With an assessed value significantly below the averages for both Niakwa Place and Winnipeg overall, it represents a more accessible entry point into a established neighbourhood. This creates a notable value contrast: you get a home with generous interior space for the street, but on a smaller lot and at a lower price point than surrounding properties.

This profile would suit practical, value-conscious buyers. It's ideal for someone prioritizing indoor living space over extensive outdoor maintenance, or for those seeking to enter a desirable neighbourhood where most homes command a higher price. It may also appeal to investors or buyers comfortable with a home from the 1970s, who see the lower assessment as an opportunity.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
The assessment is likely lower due to a combination of the home's age, the relatively compact lot size for the area, and potentially its condition or features compared to larger, more recently updated homes in Niakwa Place.

2. What does "above average living area for the street" mean in practice?
While the home's footprint is modest, the interior layout efficiently provides more square footage than many direct neighbours. This could mean better room sizes, more bedrooms, or a more functional floor plan than the street's typical offering.

3. Is the smaller lot a major drawback?
This depends on your lifestyle. It means less yard work and lower exterior maintenance costs, which is a benefit for many. However, it offers less private outdoor space and less potential for expansions like large decks or additions compared to other lots in the area.

4. How reliable are the sold price ranges shown?
The site states sold prices are based on public internet data, not the MLS, and have had limited verification. For fully verified, exact historical sale figures, you must request them directly from the site via email.

5. What are the implications of buying one of the older homes on the block?
An older home (1973) in a neighbourhood with many homes built later may have older original components, like roofing, windows, or major systems. This necessitates a thorough inspection but also contributes to the more accessible price point.