Property score
62.4
Fair
Overall 62.4 · Smaller and older than most nearby homes
1,040 sqft (bottom 4%) · Built in 1985 (10 yrs older than avg)
Located in a high-income area with median household income of ~112k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 1 park, and 1 place of worship nearby
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 72%Tagalog · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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62.4 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110594
$112K
Median household income
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
16%
Single-person households
38%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
197 Charbonneau Crescent — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 276 m).
Island Lakes · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 21% | Bottom 38% | Top 31% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 197 Charbonneau Crescent, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1985, situated on a quiet crescent in the established Island Lakes neighbourhood. With 1,040 sqft of living space and a renovated basement, it offers comfortable, efficient living without the upkeep of a larger property. Its assessed value is notably below the Island Lakes average, presenting a more accessible entry point into this desirable area.
The appeal lies in its balance and practicality. While the lot size is smaller than others on the street, this translates to less yard maintenance. The home’s living area is perfectly average for the city overall, suggesting a layout that meets typical needs without excess. It would suit first-time buyers seeking a turnkey home in a mature neighbourhood, downsizers looking to simplify without leaving a popular community, or pragmatic investors attracted by its below-average assessment for the area and stable rental demand. It’s a home for those who value location and community amenities over sheer square footage or a sprawling yard.
Section 2: Frequently Asked Questions
1. Is the smaller lot a significant drawback?
While the lot is below average for Island Lakes, it requires less maintenance and landscaping effort. For buyers prioritizing ease of upkeep or wishing to allocate time and budget elsewhere, this can be a practical advantage.
2. How does the assessed value impact property taxes?
A lower assessed value relative to the neighbourhood average typically results in lower property taxes. This is a key financial consideration that can make homeownership in this area more manageable on an ongoing basis.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes a separate entrance or rental suite potential.
4. The home sold recently in 2023 and 2020. What does this indicate?
The recent sales activity suggests the property may have been used as a rental or that the owners' circumstances changed quickly. It’s wise to inquire about the reasons for the short ownership periods and to review the sale history for any notable price volatility.
5. How does this home fit within the Island Lakes community?
This property offers the benefits of Island Lakes—such as parks, pathways, and community centres—at a value-oriented price point. It’s an option for those who want the neighbourhood lifestyle but in a more modest, manageable property compared to the larger, newer homes found elsewhere in the area.
