Property Overview: 138 Charbonneau Crescent, Island Lakes, Winnipeg

Key Characteristics & Appeal

This two-storey home in Island Lakes is defined by its generous proportions and established neighbourhood setting. With 1,654 sqft of living space, it offers significantly more room than most homes on its street and across Winnipeg, placing it in the top tier for size. The lot is also notably spacious at 7,599 sqft, providing ample outdoor space that is above average for the area. Key features include an attached garage and a renovated basement, adding functional living space. Built in 1985, the home is part of a mature, well-established streetscape.

The appeal lies in securing a larger-than-average home on a generous lot in a convenient suburban neighbourhood. It suits buyers looking for room to grow without moving into a brand-new or more sprawling suburb. The renovated basement adds immediate value and flexibility, making it ideal for families, those who work from home, or anyone who values separate living areas. A thoughtful perspective is that while the home's assessed value is above average for the city, it is below average for Island Lakes itself, which could represent a value opportunity to enter a desirable neighbourhood at a relatively lower tax assessment point.

Frequently Asked Questions

1. How does the size of this home compare to others nearby?
This home is notably larger than most. Its living area is in the top 10% on its own street and top 23% city-wide, offering more interior space than many comparable properties.

2. What is the significance of the assessed value being below average for Island Lakes?
While the assessed value is above the Winnipeg average, it ranks below the average for the Island Lakes area specifically. This can suggest a potentially lower property tax burden relative to some neighbours, but it's important to verify with current market valuations.

3. Has the property been updated since it was built in 1985?
Yes, the basement has been renovated. Prospective buyers should inquire about the scope and timing of this and any other updates to the main floors, roof, or major systems.

4. What do the past sold prices indicate?
The home sold previously in 2020 and again in 2022, showing a significant increase in value between those sales. This indicates active market interest and appreciation in recent years.

5. Is the lot size a major feature?
Yes. The lot is over 7,500 sqft, which is above average for both Island Lakes and Winnipeg. This provides a substantial backyard, offering privacy and space for recreation or gardening that is harder to find in newer subdivisions.