Property Overview
This home at 20 Bluewater Crescent in Winnipeg’s Niakwa Place neighbourhood presents a specific value proposition. Built in 1971, it is a 754 sqft bungalow on a 3,000 sqft lot. The key data shows it is consistently below average in size and lot dimensions compared to its immediate street, neighbourhood, and the wider city. Its assessed value of $282k follows this pattern, sitting notably below area averages. The home last sold in September 2019 for an estimated $200k–$250k.
Key Characteristics & Appeal
The primary appeal of this property is its position as an accessible entry point into a well-established neighbourhood. While the home itself is compact and the lot is smaller than most on the street, this translates to a lower assessed value relative to the area. This creates an opportunity for first-time buyers or downsizers to secure a home in Niakwa Place without the premium price tag of its larger counterparts. The manageable lot size also means less maintenance, which can be a significant appeal for those seeking a simpler lifestyle.
It would best suit practical buyers who prioritize location over size—someone ready to invest sweat equity into a smaller, older home to build equity, or a purchaser who values lower property taxes and upkeep costs. A less obvious perspective is that a home ranking in the bottom tiers for size and value on its own street can represent a “value floor” for the area, potentially offering more stable affordability and a different kind of investment logic compared to the neighbourhood’s more typical properties.
Frequently Asked Questions
1. Is the low assessed value a positive sign for property taxes?
Generally, yes. A lower assessed value typically results in lower municipal property taxes compared to higher-valued homes in the same area, which is a key ongoing cost saving.
2. How significant is the smaller lot size?
At 3,000 sqft, the lot is substantially smaller than most in Niakwa Place. This limits expansive outdoor space but reduces maintenance time and cost. It’s a trade-off that suits some lifestyles perfectly.
3. What does the 2019 sale price tell us?
The prior sale price range ($200k–$250k) suggests the home’s assessed value has increased modestly since then. For exact figures, a manual lookup via the site’s email request is needed due to data display rules.
4. Is a home of this size and age a concern?
At 55 years old and 754 sqft, the home is likely a straightforward bungalow. Buyers should budget for updates common to homes of this era and appreciate that the compact living area requires efficient use of space.
5. How can I get precise historical sale data for this property?
The provided sold price is an estimated range from public data. For fully verified and exact transaction history, you must request a manual lookup via email through the site’s provided service.