Property score
68.4
Good
Overall 68.4 · Compared with neighbourhood average
1,219 sqft (bottom 45%) · Built in 1973 (3 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 3 schools, 2 parks, 1 sports facility, and 3 place of worships nearby
Living Area
Near average
18% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 62%French · 16%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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68.4 is composed by the two sections below.
Property Score
Community Score
Niakwa Place
How to read: Share of sales in each ~$50k price band for “niakwa place” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110585
$93K
Median household income
$91K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
25%
Single-person households
28%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
197 Bluewater Crescent — 9 amenities found within 500 m, across 4 categories, including 3 education (nearest 249 m), 2 parks (nearest 171 m).
Niakwa Place · WPS public data · 2025
Annual incidents
38
2025
vs. city avg
+29%
relative to avg
Year-over-year
▼ -3%
vs. prior year
Primary type
Property
87%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Bottom 28% | Bottom 39% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Bottom 6% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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.
