Property Overview: 34 Bluewater Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This 754 sqft bungalow, built in 1971, presents a specific and compelling value proposition in Winnipeg's Niakwa Place neighbourhood. Its key characteristic is its position as one of the most affordable properties on its street and in its immediate area, with an assessed value significantly below local averages. The appeal lies in this accessible entry point into a stable, established neighbourhood. The home suits first-time buyers, downsizers, or investors seeking a lower-cost footprint in a mature area without the premium price tag of larger, renovated homes.
A thoughtful perspective considers the practical advantages of a smaller lot (2,998 sqft) and living space: reduced maintenance, lower utility costs, and a manageable scale for those seeking simplicity. While its size and value rank below most peers, this also means property taxes are likely proportionally lower. It represents an opportunity to gain neighbourhood equity—owning in a desirable area—while accepting a home that may require personalization or updates over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbours?
The assessed value reflects the home's smaller living area and lot size compared to others on the street and in Niakwa Place. It ranks in the bottom tier for the area, indicating it is one of the least expensive properties, likely due to its scale and potential need for modernization.
2. What does the sold price history indicate?
The home sold between $250,000 and $300,000 in May 2022. This range was above the city-wide average at that time but below the average for Niakwa Place, consistent with its profile as a more affordable option within a pricier neighbourhood.
3. Who would this property not be suitable for?
It may not suit buyers looking for a move-in-ready, spacious home with a large yard, or those who prioritize having above-average square footage relative to their neighbours. Families needing multiple bedrooms or significant living space might find it too compact.
4. Are there any advantages to the home's age and size?
Homes from this era often feature straightforward layouts and solid construction. The smaller scale can mean greater energy efficiency and lower costs for repairs or renovations compared to a larger property, making updates more manageable on a budget.
5. How reliable is this comparative data?
The rankings and averages are based on publicly available assessment and sale data, providing a general comparison. For complete accuracy, especially for exact past sale prices, verified figures should be requested directly, as the public site displays ranges.