Property Overview
166 Charbonneau Crescent is a 1,040 sqft bi-level home built in 1986, situated on a notably large 8,597 sqft lot in Winnipeg's Island Lakes neighbourhood. Its appeal is rooted in a balance of space and value. While the living area is modest and typical for its immediate street, the property stands out for its expansive lot—ranking in the top 14% locally—offering significant outdoor potential. The home features a renovated basement and its assessed value positions it as a more accessible entry point within the desirable Island Lakes area.
This home would suit first-time buyers or downsizers seeking a established neighbourhood with room to garden or expand outdoors. It’s a practical choice for those who prioritize land size over a large interior footprint, and who see value in a home that is competitively positioned on its own street while being priced below the neighbourhood average.
Key Questions & Considerations
1. How does the lot size compare to others?
The 8,597 sqft lot is a key feature, significantly larger than the average for both the street and the wider Island Lakes area. This provides ample private outdoor space, a rarity in many subdivisions.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is a municipal tax tool, not a direct market appraisal. While it suggests the home is valued below the Island Lakes average, the final sale price will be determined by current market conditions, the home's condition, and its desirable lot size.
3. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. A prospective buyer should clarify the finishes, whether it includes a legal secondary suite, and if permits were obtained for the work.
4. How does the home's age affect potential costs?
Built in 1986, major components like the roof, windows, furnace, or plumbing may be near or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates or repairs.
5. There's no garage; is there parking or room to build one?
The listing shows no garage. Buyers should verify the driveway capacity and review local zoning bylaws to understand if adding a garage or carport is feasible on the large lot.