Property Overview
This two-storey home on Charbonneau Crescent in Island Lakes presents a compelling mix of space, value, and established community living. Its key appeal lies in its generous proportions and strong financial standing within its immediate neighbourhood. With 1,616 sqft of living space, it sits comfortably above the average for both the street and the city overall. The property is further distinguished by a fully renovated basement, adding significant functional space, and an attached garage for convenience.
The standout characteristic is its assessed value, which ranks in the elite top 2% on its own street and well above average in the wider area. This suggests a property that has been well-maintained or improved relative to its peers. While the home itself was built in 1985, it sits on a larger-than-average 7,390 sqft lot for the Island Lakes area, offering great outdoor potential.
This home would suit buyers looking for move-in-ready space in a mature, family-friendly neighbourhood without the premium of a brand-new build. It’s ideal for those who value a renovated interior and a sizable yard, and for whom a strong property assessment—often a reflection of condition and desirability—is an important factor. It offers a balanced proposition: the character and established greenery of an older community, combined with the updates that make for modern living.
Frequently Asked Questions
1. What does the "Top 2%" assessed value ranking mean for this street?
It indicates this home's municipal assessed value is among the very highest on Charbonneau Crescent. This typically reflects recent renovations, superior upkeep, or desirable lot features compared to neighbouring homes, which can be a positive signal of its market position.
2. The home was built in 1985. Should I be concerned about major systems?
While the basement has been renovated, a home of this age means key components like the roof, windows, and furnace may be nearing or have exceeded their typical lifespan. A thorough inspection is recommended to budget for any potential updates, balancing the value of the existing renovations.
3. How does the lot size compare to newer subdivisions?
At 7,390 sqft, the lot is notably larger than the current average for new builds in many Winnipeg areas. This is a significant perk for an established neighbourhood, offering more private outdoor space for gardens, play, or entertaining.
4. The last sold price range shows a significant jump from the assessed value. Why?
The assessed value (for municipal tax purposes) and market value (the sold price) are calculated differently. The sold price reflects what a buyer was willing to pay in the open market at that time, which can be influenced by factors like buyer demand, interior condition, and recent sales of comparable homes, often exceeding the assessed value.
5. Is the renovated basement included in the 1,616 sqft living area?
Typically, municipal living area (sqft) measurements do not include below-grade spaces, even if they are finished. The 1,616 sqft likely refers to the above-grade space. The renovated basement is a valuable addition that provides extra living, recreational, or utility space beyond that official figure.