Property Overview: 166 Bluewater Crescent, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 166 Bluewater Crescent is a practical, mid-century bungalow built in 1971, situated on a modestly-sized lot in Winnipeg's Niakwa Place neighbourhood. Its key appeal lies in its relative affordability and efficiency within a mature, established area. With 850 square feet of living space, it is notably compact—ranking in the smaller third of homes locally—making it a low-maintenance option. The assessed value of $301,000 is around average for its immediate street but sits below the average for the broader Niakwa Place area, suggesting a potentially accessible entry point into this neighbourhood.
This property would best suit first-time homebuyers, downsizers, or investors seeking a straightforward, functional home without the upkeep of a larger property. Its appeal is grounded in value and location rather than size or modern luxury. A thoughtful perspective is that while the lot is smaller than area averages, it may translate to less yard work and lower exterior maintenance costs, which can be a significant benefit for those seeking simplicity. The home's age and size indicate it is a candidate for value-adding updates, appealing to buyers with a vision for personalization or gradual renovation.
Section 2: Frequently Asked Questions
1. How does the property's value compare to recent sales on the street?
The home last sold between $250,000-$300,000 in August 2021. Its current assessed value of $301,000 is ranked near the middle (45th percentile) for Bluewater Crescent, where the average assessed value is about $360,000.
2. Is the living space significantly smaller than other homes in the area?
Yes. At 850 sqft, the living area is below average for the street, the Niakwa Place neighbourhood, and the city overall. It ranks in the smaller ~30% of homes locally, making it a compact bungalow.
3. What is the lot size, and how does it compare?
The lot is 3,518 sqft. This is below the average for the street (~5,605 sqft) and significantly below the Niakwa Place average (~7,173 sqft), placing it in the smaller 25% of lots on the crescent.
4. Are sold prices shown on the site the exact figures?
No. For privacy and compliance reasons, publicly displayed sold prices are shown in $50,000 ranges. You can request the exact historical sale figures by email, which the site’s team will provide manually.
5. How does the year built compare to neighbouring homes?
Built in 1971, it is slightly older than the average home on Bluewater Crescent (avg. 1976) but very close to the average for the Niakwa Place neighbourhood and the city-wide average for comparable homes.