Property Overview: 114 Charbonneau Crescent, Island Lakes

Section 1: Key Characteristics & Appeal

This 4-level split home, built in 1986, offers 1,506 sqft of living space on a 6,249 sqft lot in Winnipeg's Island Lakes neighborhood. Its key appeal lies in its above-average space efficiency relative to the city, providing more square footage than many Winnipeg homes. The home features a renovated basement, adding to its functional living area. The lot size is generous for the area, offering typical suburban outdoor space.

The property presents a compelling value proposition. Its assessed value is notably below average for the immediate street and Island Lakes area, which could indicate potential for equity growth as the neighborhood evolves. This discrepancy between its living space and its valuation is a key point of interest. The home would suit first-time buyers or value-conscious families seeking established community benefits—like mature trees and settled infrastructure—without paying a premium for a newer build. It’s also a practical choice for those who prioritize interior space over features like an attached garage.

Section 2: Frequently Asked Questions

1. Why is the assessed value lower than many neighbors on the same street?
While the home has above-average living space for the city, its assessed value ranks below average on Charbonneau Crescent. This can sometimes reflect the original build specifications of the home, its position on the street, or the timing of its last major assessment relative to renovations. It’s a point worth discussing with a real estate professional to understand the local market dynamics.

2. What are the practical implications of a 4-level split design?
This layout offers good separation of living spaces, which can be ideal for families. However, it involves more stairs between levels than a bungalow or two-story. Consider how this fits with your lifestyle and long-term needs.

3. The home lacks a garage. How does that impact parking and storage?
The property does not include a garage. Buyers should assess the driveway capacity for vehicles and consider the basement and shed (if present) for storage solutions. This is a common trade-off in older neighborhoods that can influence both daily convenience and resale value.

4. The home was last sold in August 2022. What does the recent turnover suggest?
A sale within the last few years suggests the current market value is likely more aligned with recent price trends than older, long-held properties. It’s advisable to review the exact sold price (available by request) to understand the recent financial trajectory of the home.

5. How does this home truly compare within Island Lakes?
The data shows a mix: its living area is around average for Island Lakes, but its lot size ranks above average for the neighborhood. This indicates you are getting a competitively sized yard. Its age is older than the neighborhood average, placing it among the earlier builds in the community, which often come with larger, mature lots.