44 Bluewater Crescent

Property Overview: 44 Bluewater Crescent, Niakwa Place, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, single-family home built in 1971, offering 875 square feet of living space on a 3,660 sqft lot. Its key appeal lies in its position as an accessible entry point into the established Niakwa Place neighbourhood. The home’s assessed value of $279k is notably below the averages for both the immediate area and the wider city, presenting a value-oriented opportunity. While its size and lot are compact compared to many neighbouring properties, this also translates to lower maintenance and potentially lower property taxes.

The property would best suit first-time buyers or practical downsizers seeking a foothold in a mature community without a premium price tag. Its value proposition is clear: you are purchasing location and land in a desirable area, with the home itself representing a canvas for future updates or a manageable living space as-is. A thoughtful perspective is that this home ranks more competitively on its own street than it does in the broader neighbourhood, suggesting it sits on a relatively balanced block where its scale is more the norm, which can be appealing for neighbourhood cohesion.

Section 2: Frequently Asked Questions

1. How does the home’s below-average assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to higher-valued homes in the same area, which is a practical financial advantage for the owner.

2. What might explain the significant difference between the 2017 sale price and the current assessed value?
The sold price data shows it last changed hands between $200k-$250k in 2017. The increase to the current $279k assessment likely reflects market appreciation over seven years, possible improvements, and standard assessment adjustments.

3. Is the smaller lot size a major disadvantage?
While the lot is below the neighbourhood average, it is closer to the average for Bluewater Crescent itself. This smaller parcel requires less yard maintenance and may still offer adequate private outdoor space, which some buyers prefer.

4. The home is described as "below average" in size for the area. What does that mean for livability?
With 875 sqft, the home is functionally smaller than many in Niakwa Place. It likely offers efficient, compact living suitable for 1-2 people. Buyers should consider if the layout and room sizes meet their long-term needs.

5. How can I get the exact historical sale prices for this property?
The site notes that exact sale figures are not displayed publicly due to data source rules. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide as a free service.