Property Overview
16 Bluewater Crescent is a well-established 875 sqft bungalow built in 1971, situated on a 3,658 sqft lot in Winnipeg's Niakwa Place neighbourhood. With an assessed value of $285,000, it presents a specific value proposition within its market.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a more affordable entry point into a mature, desirable neighbourhood. While its living space is notably smaller than most homes in Niakwa Place, this translates to a lower assessed value, placing it in a different price tier than many area properties. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a solid community without the premium price tag of a larger family home.
A thoughtful perspective is its relative value on its own street. Compared to Bluewater Crescent specifically, the home is much closer to the average for size and value, suggesting it fits the local streetscape well. This indicates you're buying into the specific location rather than an outlier. The lot, while smaller than the neighbourhood average, still provides decent outdoor space for a home of this size. The 1971 build date means potential buyers should budget for updates common to homes of that era, but it also avoids the premium often attached to newer constructions.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
It represents a lower price point than the Niakwa Place average, which is significantly higher. You are paying less for a smaller, older home to gain access to the neighbourhood.
2. What should I consider about the home’s size?
At 875 sqft, the living area is compact. It’s crucial to assess if the layout meets your spatial needs, as it ranks well below the area average of nearly 1,500 sqft.
3. How does the lot size impact the property?
The lot is under 4,000 sqft, which is smaller than typical for the area. This means less yard maintenance but also less private outdoor space compared to many neighbours.
4. What does the 2019 sale price tell us?
The home sold for an estimated $200k-$250k in 2019. The current $285k assessment suggests a significant increase in value over five years, reflecting broader market trends.
5. Where can I get verified sale price history?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request this information directly via email for a manually verified report.