Property Overview & Appeal
This 1987 four-level split at 75 Bluewater Crescent is a standout property in Winnipeg's Niakwa Place neighbourhood. Its primary appeal lies in its generous scale and established, desirable location. The home sits on an exceptionally large, nearly 14,000 sqft lot, ranking in the top 1% for size on its street, offering rare potential for privacy, gardening, or expansion. With 1,904 sqft of living space and a renovated basement, it provides ample room for a growing family or those who value distinct living zones.
The home’s strength is its proven desirability within a mature community. The data shows it consistently ranks in the top tier of its immediate area for lot size, living space, and assessed value, suggesting a well-regarded and stable investment. It would suit buyers looking for a substantial property in a settled neighbourhood without venturing into brand-new subdivisions. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build and appreciate a home with a track record of holding value relative to its peers.
Key Questions for Consideration
1. How does the 1987 build year compare to the neighbourhood?
While not a new build, the home is newer than many in Niakwa Place, ranking in the top 25% for its year built within the neighbourhood. This suggests a good balance between established community character and relatively modern construction.
2. The assessed value seems low. Is that accurate?
The $57,200 figure is a municipal assessment for tax purposes, not a market valuation. It's a useful benchmark for comparison, however, and this home's assessment ranks in the top 10% citywide, indicating the city views it as a high-value property relative to most in Winnipeg.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or quality. This is a key point for verification during a viewing to understand if it's a finished living space, a modern rec room, or has secondary bedrooms.
4. How does the lot size impact upkeep?
The nearly one-third-acre lot is a major asset but requires consideration. It offers great privacy and space but also means more landscaping, lawn care, and potential snow clearing responsibilities compared to a standard lot.
5. What is the significance of the comparable listings provided?
The "For Reference" and "Worth Viewing" properties are useful context. They show that in Niakwa Place, you can find smaller, older homes on smaller lots (like 8 Bluewater Crescent), suggesting this property commands attention for its specific combination of size and updates. Comparing it to homes in Royalwood and Southdale helps gauge cross-neighbourhood value.