Property score
66.3
Good
Overall 66.3 · Compared with neighbourhood average
1,152 sqft (bottom 34%) · Built in 1972 (4 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 3 schools, 2 parks, 1 sports facility, and 2 place of worships nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Near average
4 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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66.3 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
229 Bluewater Crescent — 8 amenities found within 500 m, across 4 categories, including 3 education (nearest 284 m), 2 parks (nearest 265 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 33% | Bottom 29% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 229 Bluewater Crescent, Niakwa Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 229 Bluewater Crescent is a 1,152 sqft bungalow built in 1972, situated on a 3,519 sqft lot in Winnipeg's Niakwa Place neighbourhood. Its core appeal lies in its position as a relatively affordable entry point into a mature, established area. The home's assessed value of $273k is notably below the averages for its immediate street, neighbourhood, and the wider city, suggesting a potentially lower property tax burden and an opportunity for value-seeking buyers.
The appeal is nuanced. While the living space is modest and the lot size is smaller than most in the area, this translates to less maintenance and a manageable footprint—a practical choice for downsizers, first-time homebuyers, or investors. Its vintage (1972) is typical for the street, meaning renovations and systems are likely in line with neighbouring homes. A less obvious perspective is that a smaller, well-priced home on a desirable crescent in a stable neighbourhood can offer a "land value" opportunity; the primary investment is in the location, with the structure allowing for future personalization or expansion, subject to regulations.
This property would best suit practical buyers who prioritize location and value over size. This includes budget-conscious first-timers ready for a home that may need updates, retirees looking to downsize without leaving a familiar community, or strategic investors seeking a rental property in a solid residential area with lower entry costs.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on the property's specific attributes, including its smaller lot and living area compared to area averages. A lower assessment often correlates with a lower municipal property tax bill, which can be a significant annual saving.
2. What does the smaller lot size mean for me?
The 3,519 sqft lot requires less yard maintenance, which is a benefit for those seeking a low-maintenance lifestyle. However, it may limit options for large additions, pools, or extensive landscaping compared to larger lots in the area.
3. As a 1970s home, what should I budget for updates or repairs?
Given its age, a thorough inspection is essential. Budget should be allocated for potential updates to major systems like roofing, plumbing, or electrical, as well as energy efficiency improvements like windows and insulation, which are common for homes of this era.
4. How does the recent sold price (2022) relate to the current assessed value?
The home sold for an estimated $300k-$350k in August 2022. The current assessed value of $273k is a municipal valuation for tax purposes and is not a direct market appraisal. Market value is determined by current supply, demand, condition, and recent sales of comparable properties.
5. Is the smaller living area a concern for resale?
While below the neighbourhood average, the 1,152 sqft size is functional for smaller households. The resale market always includes buyers seeking manageable, affordable homes. The trade-off for the smaller interior is the sought-after location and crescent setting, which remain strong selling points.
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