Property Overview: 74 Bluewater Crescent, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 74 Bluewater Crescent is a well-established property in the Niakwa Place neighbourhood, built in 1971. With 1,063 sqft of living space and a 3,865 sqft lot, its scale is more modest compared to many homes in the wider area, offering a manageable footprint. The assessed value of $308,000 positions it as a more accessible entry point into the neighbourhood, which generally features higher-valued homes.
The primary appeal lies in its value proposition within a desirable location. For a buyer, it represents an opportunity to secure a home in Niakwa Place without the premium price tag of larger properties on bigger lots. This could be ideal for first-time buyers, downsizers, or investors seeking a lower-maintenance property in a mature community. The home’s vintage suggests potential for updates, allowing a new owner to add personal value. A thoughtful perspective is that its smaller lot and living area, while below the area average, translate to less upkeep and lower utility costs—a practical advantage for those seeking efficiency and a simpler lifestyle.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value of $308,000 is below the average for both Niakwa Place and the immediate street, indicating it may offer a more affordable entry into the area compared to surrounding properties.
2. Is the property smaller than others nearby?
Yes. With 1,063 sqft of living space and a 3,865 sqft lot, it is notably more compact than the average home in Niakwa Place. This may appeal to those seeking a lower-maintenance property.
3. What can the sold price history tell me?
Records show it sold between $300,000 and $350,000 in May 2023. This recent sale provides a concrete benchmark for its market value at that time, closely aligning with its current assessed value.
4. Are there similar homes nearby for comparison?
For direct comparison, 8 Bluewater Crescent is very similar in age and assessed value, while 75 Bluewater Crescent is newer, larger, and has a significantly higher assessment, illustrating the range of options on the same street.
5. How can I get the exact historical sold prices?
The site provides sold price ranges. For fully verified and exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.