Property Overview: 110 Charbonneau Crescent, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, well-situated bi-level home built in 1986, featuring a renovated basement and a detached garage. Its primary appeal lies in its efficient use of space and its position within the established, family-friendly Island Lakes neighborhood. The lot is a generous size, offering above-average outdoor space citywide, which presents a valuable canvas for gardening, play, or expansion.
The home’s living area is notably smaller than most in its immediate area and the broader neighborhood, making it a more affordable entry point into a desirable community. Its assessed value is around the city average, suggesting a fair valuation relative to Winnipeg overall. A thoughtful perspective is that this property represents a "land-value play" in Island Lakes—you're acquiring a prime location and a sizable lot, with the home itself being a functional starting point. It would suit first-time buyers, downsizers seeking single-level living with a basement for guests or hobbies, or investors looking for a manageable rental property in a stable area. The renovated basement adds immediate livable space, which is a key asset for a home of this size.
Frequently Asked Questions
1. Is the house too small for a growing family?
While the above-grade living space is compact, the renovated basement effectively doubles the functional area. For a young family starting out, it can be a practical and affordable way to enter a neighborhood with excellent schools and amenities, with the option to renovate or expand above grade in the future.
2. How does the assessed value compare to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. Its city-average assessment, combined with the home's below-average size for the area, indicates it may be priced accessibly. However, market conditions and the renovated basement will be the primary drivers of the final sale price.
3. What does the "Top 1%" ranking for Year Built on its street mean?
This statistical note simply indicates that 110 Charbonneau was built in 1986, which is the same as the average build year for its direct street peers. It means the home is typical for the street's age profile, not that it is exceptionally newer.
4. Are there any concerns with a home built in the 1980s?
Homes from this era are generally modern in their core systems. A standard pre-purchase inspection is advised to review the condition of the roof, windows, and major mechanicals, which may be nearing the end of their typical lifespans.
5. What are the advantages of a detached garage?
A detached garage offers flexibility. It can be used purely for vehicle storage, workshop space, or storage without concerns about fumes or noise entering the house. It also presents a future opportunity—if the lot allows—to build a larger attached garage while converting the existing structure into a shed or studio.