Property Overview: 232 Bluewater Crescent, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This 1,152 sqft bungalow, built in 1972, presents a practical and affordable entry into the established Niakwa Place neighbourhood. Its primary appeal lies in its relative value and manageable scale. With an assessed value of $326,000, it sits above average for its own street but below the average for the wider Niakwa Place area, suggesting a price point that may be attractive for the location. The home is not the largest or on the largest lot—its living area and land size (3,847 sqft) are below area averages—but this translates to less maintenance and lower utility costs, a trade-off some buyers actively seek.

The property suits first-time homebuyers, downsizers, or investors looking for a solid, no-frills home in a mature community. Its 1970s vintage means potential buyers should be prepared for updates, but it also comes from an era of straightforward construction. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not an outlier in size or value, but a representative, middle-of-the-road property that offers a realistic snapshot of community living without premium pricing.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
Its assessed value is in the top 30% on its own street, indicating it is valued higher than most immediate neighbours. However, within the broader Niakwa Place area, it falls into the bottom 20%, meaning it is assessed below the neighbourhood average. This can sometimes indicate a more modest home or one in need of updates compared to others in the wider area.

2. Is the lot size a disadvantage?
At 3,847 sqft, the lot is smaller than most in Niakwa Place. This means less yard maintenance and lower outdoor upkeep costs, which can be a benefit. However, it may offer less privacy or space for large additions, gardens, or pools compared to neighbouring properties.

3. What can the 2020 sale price range tell me?
The home sold for between $300,000 and $350,000 in late 2020. This provides a historical benchmark, but market conditions have likely changed. To understand current value, this figure should be considered alongside recent sales, the current assessed value, and a professional market evaluation.

4. The home was built in 1972. What should I consider?
Homes from this era may have original major systems, like roofing, windows, plumbing, or electrical. A thorough inspection is crucial to budget for potential updates or to understand the remaining lifespan of these components. The straightforward layout common to bungalows of this time can also be easier to renovate.

5. How do I find out the exact past sale prices?
The provided sale data is based on public records and shows a range. For fully verified and exact sale figures from the MLS, you must request them directly from the site via email, as industry rules prevent the public display of that specific data.