Property Overview: 8 Bluewater Crescent, Niakwa Place
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Niakwa Place presents a solid opportunity in a mature, established neighbourhood. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,044 sqft main footprint. Built in 1971, the home sits on a generous 3,869 sqft lot, providing ample outdoor space—a notable asset in this setting.
The appeal lies in its strong positional value and recent market performance. The home’s assessed value and recent 2023 sale price rank consistently in the top tiers for the neighbourhood and city, suggesting it is viewed as a desirable asset within its category. It suits practical buyers looking for a move-in-ready base in a quiet area, particularly those who value a large yard and the potential of a finished lower level over a modern, oversized floor plan. A thoughtful perspective is that this property represents a "value-density" play: you're acquiring a competitively priced home on a lot size that is increasingly rare in new developments, offering long-term land value in a settled community.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 3,869 sqft, the lot is larger than approximately 63% of others on Bluewater Crescent and ranks in the top 19% for lot size within the wider Niakwa Place neighbourhood.
2. What does the sale history indicate?
The home sold for $320,000 in July 2023. This sale price ranked higher than 69% of recent sales on its street and in the top 16% for the neighbourhood, indicating strong buyer demand for this specific property.
3. Is the living space typical for the area?
With 1,044 sqft of living area, it is moderately sized, ranking in the top 41% on its street. It offers a comfortable footprint that is common for the era, with the renovated basement providing additional functional space.
4. How does the assessed value relate to the sale price?
The assessed value is $29,900. It is important to understand that municipal assessed value for tax purposes is often significantly lower than market value, as clearly demonstrated by the 2023 sale price of $320,000.
5. What are comparable nearby properties like?
Nearby references, such as 57 Abington Road, show similar assessed values and living areas, while others like 75 Bluewater Crescent are larger and have a higher assessed value. This suggests the subject home is positioned in the mid-range for the immediate area.