Property Summary: 175 Bluewater Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 175 Bluewater Crescent in Niakwa Place is a compact, 754 sqft bungalow built in 1971, situated on a 3,780 sqft lot. Its primary appeal lies in its position as a more affordable entry point into the Winnipeg market, particularly within its neighbourhood. The home’s assessed value of $269k is notably below the averages for both its immediate street and the wider Niakwa Place area, suggesting a potentially lower property tax burden and an opportunity for buyers mindful of budget.
The property would suit first-time homebuyers, downsizers, or investors seeking a lower-cost holding with renovation potential. Its smaller size and lot offer manageable upkeep, which is a distinct advantage for those seeking simplicity. A thoughtful perspective is that while the living space is modest compared to area norms, this can translate to efficient, cost-effective living without excess. The home’s age is typical for the area, indicating a mature streetscape but also implying that updates may be needed. Its value proposition is clear: it trades square footage for location and affordability within a established community.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes nearby?
The data indicates it is priced below average for the area. Its assessed value ranks in the bottom 10% within Niakwa Place, meaning you are paying less upfront and likely in annual property taxes compared to neighbours, though the home is also smaller and older than most in the neighbourhood.
2. What should I consider about the size of the home and lot?
At 754 sqft, the living area is significantly smaller than the neighbourhood average (approx. 1,490 sqft). This requires efficient use of space. The lot, while average for its street, is smaller than most in the wider area, which means lower maintenance but also limited room for expansion.
3. How does the recent sold price compare to the assessed value?
The home sold in March 2025 for between $250,000 and $300,000. This sale price range aligns closely with its $269,000 assessed value, suggesting the sale was likely at or near market value at that time.
4. What might be less obvious about owning an older, smaller home in this area?
While updates may be required, a home from this era often features simpler mechanical systems and layouts that can be easier and less expensive to repair than newer, more complex builds. Its position as a smaller property on a mature street could also offer stability and slower appreciation compared to larger, renovated homes.
5. Where can I get verified sale history and exact figures?
The provided data is from public sources, not the MLS. For fully verified transaction history and exact sale prices, you must request a manual lookup via email from the site, as industry rules prevent the display of MLS records here.