Property Overview: 157 Bluewater Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 157 Bluewater Crescent in Niakwa Place is a compact, single-level property built in 1971. With 754 sqft of living space on a 3,500 sqft lot, it is notably smaller than most homes in its immediate area and across Winnipeg. Its assessed value of $286,000 is relatively modest compared to area averages, positioning it as one of the more accessible entry points into the neighbourhood.
The primary appeal lies in its value proposition and location. It offers a chance to own a home in a well-established area at a below-average price point for the community. This could suit first-time buyers seeking affordability in a mature neighbourhood, downsizers looking to right-size without leaving the area, or investors interested in a lower-cost property with renovation potential. A thoughtful perspective is that its smaller scale translates to lower utility costs and less maintenance, which can be a significant long-term advantage. While the home itself is modest, its value is anchored by its place in a desirable location, making it a pragmatic choice for those prioritizing land location over square footage.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
This is a compact home. Its living area (754 sqft) is smaller than approximately 86% of homes on its own street and 98% of homes in the wider Niakwa Place area.
2. Is the assessed value in line with the neighbourhood?
The assessed value of $286,000 is below the average for Niakwa Place. It ranks in the top 93% for the area, meaning about 93% of comparable homes in the neighbourhood have a higher assessed value.
3. What is the history of sales for this property?
Records indicate it was last sold in October 2020, with a sale price reported in the range of CA$250,000–$300,000. Exact historical sale figures can be provided upon request.
4. What are the potential considerations due to the home's age?
Built in 1971, the home is of average age for its street but may require attention to aging components like the roof, windows, or major mechanical systems. A thorough inspection is recommended.
5. How does the lot size impact the property?
The 3,500 sqft lot is smaller than most in the area. This means less outdoor maintenance but also limited space for expansions, large decks, or extensive landscaping compared to neighbouring properties.