246 Charbonneau Crescent

Property Overview: 246 Charbonneau Crescent, Island Lakes

Key Characteristics & Appeal

This one-storey home in Island Lakes stands out for its substantial scale and premium positioning within its neighborhood. Its most defining characteristic is the exceptionally large, private lot—over 16,940 square feet—which places it in the top 2% of properties city-wide for land area. This offers rare potential for gardening, expansion, or outdoor recreation in a mature suburb. The 1,665 sqft living area is notably spacious for both the street and the wider city, complemented by a renovated basement and an attached garage.

The appeal lies in a unique combination of established community charm and standout metrics. While the home itself was built in 1986, its assessed value is the highest on Charbonneau Crescent, indicating a premium valuation likely tied to its lot size, renovations, and overall condition. It suits buyers looking for a single-level living layout in a mature area, who prioritize outdoor space and privacy over a brand-new build. It’s an ideal fit for those wanting room to grow without leaving a convenient neighborhood, or for anyone who values a property that holds a top-tier position on its block in terms of both value and physical space.

Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The assessed value is in the top 1% for the street, which typically reflects major factors like the extensive lot size, the renovated basement, and the overall living area. It suggests the property has features or conditions that the municipal assessment model views as significantly above the local norm.

2. Is the large lot usable, or is it affected by easements or environmental features?
While the data confirms the lot size is elite for the area, prospective buyers should verify the exact topography and any potential restrictions (like utility easements or environmental protections) through a survey and title review to understand the full scope of usable space.

3. How does the age of the home (1986) impact this purchase?
The home is from the first wave of development in Island Lakes. While its age is average for the street, it is older than many in the broader neighborhood. This underscores the importance of a thorough inspection focusing on updates to major systems like roof, windows, plumbing, and electrical, alongside the noted basement renovation.

4. What is the typical price trend for a property with these characteristics?
Past sale data shows significant appreciation between the 2019 and 2021 sales. This trajectory, coupled with its high assessment, suggests it has been viewed as a premium property in the area. However, this history also sets a high benchmark for current value.

5. Are there any concerns about the property being "over-improved" for the street?
With the highest assessment on the crescent, some buyers might wonder if the home is over-improved relative to its immediate neighbors. This isn’t inherently negative—it often means better finishes and more space—but it’s wise to consider how future market values on the street may align with this premium.