The present study was carried out using a cold-drawn wire of Ni50.8Ti at.% subjected to post-deformation solution treatment at 700 °C for 1 h to obtain a fine-grained recrystallized structure. Subsequent aging was carried out at a temperature range of 300, 430, and 500 °C for 1, 10, and 20 h. The time–temperature aging mode strongly affects the aging-induced microstructure. Variation of the aging-induced microstructure (using various aging modes) permits precise tuning of the characteristic temperature of the martensitic transformations and their specific temperature ranges upon cooling and heating. The latent heat and hysteresis exhibit different evolution vs. aging durations; this finding remains fair when using different aging temperatures. The aging mode strongly affects the stress–temperature behavior: (i) a dramatical expansion of the temperature range of realization of the transformation yield stress (σtr); and (ii) the magnitude of σtr at a chosen test temperature is generally determined by the position of the Ms temperature. An additional contribution of competing factors is discussed. The efficiency of the aging temperature under isochronous aging is significantly higher than the efficiency of the aging time under isothermal aging. Aging at 430 °C for 10–20 h provides the highest resource for the recovery strain. The strain–temperature behavior strongly depends on the relative position of the Rs and Ms temperatures (onset of B2→R and R→B19′ transformations, respectively). The regularities obtained can be used to predict the set of functional and mechanical properties of titanium nickelide.