Property Overview: 46 Bluewater Crescent, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, single-level home built in 1971, offering 875 square feet of living space on a 3,658 sqft lot in the established Niakwa Place neighbourhood. Its primary appeal lies in its position as a more affordable entry point into a mature area. The home’s assessed value of $278,000 is notably below the average for both the immediate street and the wider neighbourhood, suggesting a potential value opportunity for a buyer willing to update a classic layout. The lot size is manageable, offering outdoor space without excessive maintenance.
This property would best suit first-time buyers, downsizers, or practical investors looking for a lower-cost footprint in a stable community. Its below-average price point relative to the area could allow for a renovation budget. A thoughtful perspective is that while the home is smaller than most in Niakwa Place, this can translate to lower utility costs and a simpler, more efficient living space. Its age and value position it not as a luxury purchase, but as a pragmatic one with room to add personal value over time.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data indicates it is. The home’s assessed value is in the bottom 20% for Niakwa Place and well below the area average, meaning you are paying less for the same location. This can be advantageous if you value the neighbourhood over having a larger or more updated home.
2. How does the size compare to nearby homes?
At 875 sqft, the living area is compact. It ranks in the bottom third for size within Niakwa Place, where the average home is about 1,490 sqft. This confirms it’s a cozier, more efficient property, not a sprawling family home.
3. What can the recent sale price tell me?
The home sold between $250,000-$300,000 in July 2022. This sale price was below the area average at that time, consistent with the pattern of it being a lower-priced property in the area. Exact figures require a manual lookup from the provider.
4. Is the lot size a disadvantage?
The lot is smaller than the Niakwa Place average but is close to the average for Bluewater Crescent itself. It provides a decent yard for a home of this size but may not offer as much privacy or expansion potential as larger lots in the area.
5. What’s the likely condition given its age and value?
Built in 1971 and with a value consistently below averages, the home likely requires modernization. Buyers should budget for updates to systems, finishes, and possibly layout to meet contemporary standards, which is typical for a property in this price position within a more expensive neighbourhood.