5 Bluewater Crescent

Niakwa Place, Winnipeg

Property score

86.9

Excellent

Overall 86.9 · Larger and newer than most nearby homes

2,942 sqft (top 4%) · Built in 1990 (14 yrs newer than avg)

Located in a high-income area with median household income of ~93k

Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 2 schools, 2 parks, and 1 sports facility nearby

Living Area

Above average

97% larger than neighborhood avg.

Year Built

Above average

14 yrs newer than neighborhood avg.

Mother tongue

English · 62%French · 16%

Past 10 years Niakwa Place sales snapshot (~80% of all data)

Sold Count

228

Median price

303.7k

$/sqft

$288/sqft

Avg build year

1976

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Property score

86.9 is composed by the two sections below.

Property Score

91.3Excellent
Living Area2,942 sqft98Excellent
Year Built199078Good
Lot Size11,296 sqft97Excellent
Neighbourhood Sales Activity48Low

Community Score

80.3Excellent
Household Income82Excellent
Education Level91Excellent
Housing Stress63Fair
Core Housing Need88Excellent
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110585

Community deep dive

$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

Population, labour & age

Population (2021)468
Labour force participation rate60%
Median age45.6
Avg household size2.4
Unemployment rate9%
Population density1872 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households25%
Couple families with children28%
Median household income (2020)$93K

Housing

Renter households30%
Condominium dwellings7%
Median dwelling value (owners)$320K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority19%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 62%
Mother tongue (2nd)French · 16%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,942 sqft
0255075100
Same streetTop 1%Same areaTop 4%CitywideTop 1%
Same street · Bluewater Crescent
#1 / 108
Top 1% · Avg 1,179 sqft
Same area · Niakwa Place
#29 / 685
Top 4% · Avg 1,490 sqft
Citywide · Winnipeg
#2,209 / 194,458
Top 1% · Avg 1,342 sqft

Tax-Assessed Value

Elite
795k
0255075100
Same streetTop 1%Same areaTop 4%CitywideTop 2%
Same street · Bluewater Crescent
#1 / 108
Top 1% · Avg 360k
Same area · Niakwa Place
#27 / 685
Top 4% · Avg 446.8k
Citywide · Winnipeg
#4,480 / 194,458
Top 2% · Avg 390.1k

Year Built

above average
1990
0255075100
Same streetTop 7%Same areaTop 16%CitywideTop 22%

Lot Size

Elite
11,296 sqft
0255075100
Same streetTop 16%Same areaTop 9%CitywideTop 4%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

5 Bluewater Crescent — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 134 m), 2 parks (nearest 156 m).

Search radius
🏫Education2
🌳Parks2
💪Sports1

Crime & Safety

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%

Sales History

Sold 9/2017CA$450k–500k
Sold price

Same street

Top 8%

Same area

Top 16%

City-wide

Top 17%

Related homes

Highlights & common questions: 5 Bluewater Crescent, Winnipeg

Property Overview: 5 Bluewater Crescent, Niakwa Place, Winnipeg

Section 1: Key Characteristics & Appeal

This is a substantial, well-established home in Winnipeg's Niakwa Place neighbourhood, distinguished by its significant scale and premium positioning. Built in 1990, the property sits on a large, approximately 11,300 sqft lot. Its primary standout feature is the generous 2,942 sqft of living space, which places it in the top 1% of homes on its street and city-wide. With a current assessed value of $795,000, it is similarly positioned in the top tier of its local market.

The appeal lies in its rarity and space. It offers the roominess of a much newer, high-end build within a mature, tree-lined neighbourhood. The lot size provides ample outdoor privacy and potential, a notable advantage over many contemporary properties. This home would ideally suit buyers looking for established character and generous interior space without moving to a newer suburban division. It appeals to multi-generational families, those who work from home and need dedicated offices, or buyers who value a large yard in a central location. A thoughtful perspective is that while the home is 36 years old, it is notably newer than many of its neighbours, potentially meaning fewer major component replacements are immediately due compared to area averages.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $795k is for municipal tax purposes and is a historical snapshot. It strongly indicates the home's premium standing, but the final sale price will be determined by current market conditions, the home's interior condition, and recent comparable sales.

2. What are the potential considerations with a 1990-built home?
While newer than many area homes, a 1990 build means key systems (like the roof, HVAC, windows, and major appliances) are likely at or beyond their typical lifespan. A thorough inspection is essential to budget for any updates or repairs.

3. The last sale was in 2017. Why might that be?
The long ownership period suggests the sellers have likely maintained the property well and invested in it as a long-term home. It can indicate neighbourhood stability, but it's wise to ask what updates have been completed during their tenure.

4. The lot is large, but what are the maintenance implications?
An 11,300 sqft lot offers excellent privacy and space but also requires more time and cost for landscaping, lawn care, and snow removal than a standard city lot. This is a worthwhile consideration for your lifestyle and budget.

5. Where can I get verified historical sale data for this property?
The public data shows a sold price range from 2017. For fully verified and exact transaction figures, you must request a manual lookup from the site provider via email, as they do not display proprietary MLS sold records.

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