Property Overview: 38 Bluewater Crescent, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 38 Bluewater Crescent is a practical, mid-century bungalow built in 1971, offering a manageable 1,044 sqft of living space on a 3,600 sqft lot. Its primary appeal lies in its position as a more affordable entry point into the established Niakwa Place neighbourhood. The home’s assessed value of $282k is notably below the area average, which suggests potential for buyers who prioritize location over size or a modern finish. It suits first-time buyers, downsizers, or investors looking for a solid foundation in a mature community. A thoughtful perspective is that while the lot is smaller than many in the area, it requires less maintenance, appealing to those seeking a simpler yard. Its value proposition is clear: you’re purchasing a stake in a desirable neighbourhood at a price that leaves room for personal updates or simply a more comfortable mortgage payment compared to larger homes on the street.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on the data, the assessed value is significantly below the averages for both the immediate street and the wider Niakwa Place area. This indicates it is priced accessibly for the location, though the living space and lot size are also comparably smaller.
2. What does the sale history tell us?
The property sold in 2016 and again in 2019, both times within the $200k-$250k range. This history shows steady appreciation leading to its current assessment and suggests a market that has consistently valued the property.
3. How does the lot size impact the property?
At 3,600 sqft, the lot is below average for the area. This means less outdoor maintenance and potentially a smaller garden, but also less private space than many neighbouring properties offer.
4. Is the house likely to need major updates?
Built in 1971, the home is over 50 years old. While systems like the roof, windows, or furnace may have been updated, buyers should budget for potential age-related maintenance or modernizations to kitchens and bathrooms.
5. How can I verify the exact past sale prices?
The public data shows price ranges. To obtain the exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.