Property Overview: 92 Bluewater Crescent, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,063 sqft bungalow, built in 1971 on a 3,849 sqft lot, presents a straightforward opportunity in a mature Winnipeg neighbourhood. Its primary appeal lies in its relative value and position within its immediate locale. While the home is below the average size and lot footprint for the broader Niakwa Place area, it holds an assessed value of $329k, which ranks in the top 29% on its own street. This suggests it may be perceived as a well-maintained or updated home compared to its closest neighbours.
The property suits practical buyers looking for an entry point into a stable, established neighbourhood without a premium price tag. It’s a match for first-time homeowners, downsizers, or investors seeking a manageable property. A thoughtful perspective is that its smaller lot and efficient size could mean lower maintenance costs and utility bills—an advantage for budget-conscious owners. The data indicates you’re purchasing a home that stands well on its block but offers room to grow in value if brought up to the area's broader standards.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value of $329k is for municipal tax purposes and is a starting point for market valuation. Notably, it is above the street average but below the area average. The last known sale was between $250k-$300k in 2019, so market conditions and updates since then will determine the final price.
2. Is the living space significantly smaller than other area homes?
Yes. At 1,063 sqft, it is notably smaller than the Niakwa Place area average (~1,490 sqft). This makes it a more compact option, which can be efficient but may require creative use of space for some buyers.
3. What does the lot size mean for outdoor space?
The lot is 3,849 sqft, which is smaller than most in Niakwa Place. This means a more manageable yard with less upkeep, but also less private outdoor space and potential for expansion compared to larger lots in the area.
4. How can I get the exact historical sold prices for this home?
The site does not display exact MLS sold prices due to industry rules. You can request the full transaction history and exact figures by emailing the provided address for a manual lookup.
5. The home was built in 1971. What should I consider?
As a home from the early 1970s, a thorough inspection is essential. Key systems like roofing, plumbing, electrical, and insulation may be at or beyond their typical lifespan and could require updating, which should be factored into your budget.