142 Charbonneau Crescent

Property Overview: 142 Charbonneau Crescent, Island Lakes, Winnipeg

Key Characteristics & Appeal

This bi-level home at 142 Charbonneau Crescent presents a unique profile within its popular Island Lakes neighbourhood. Its primary appeal lies in a substantial, private lot—at over 15,700 sqft, the property ranks in the top 3% locally and top 2% city-wide for land area. This offers exceptional outdoor space potential, a rarity in this area. The home itself is a manageable 1,040 sqft with a renovated basement, fitting for downsizers, first-time buyers, or those seeking a lower-maintenance footprint without sacrificing yard size.

Built in 1986, it is one of the older homes on its street, which suggests a well-established setting. The assessed value is notably above average for the immediate crescent, indicating perceived value relative to its direct peers. The property suits a practical buyer who prioritizes land and location over a large living area. It’s ideal for someone envisioning gardens, play space, or future additions, or for those who find value in a home that stands out on its street for lot size and assessment, yet offers a cosy, updated interior layout.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg properties?
The lot is exceptionally large at 15,765 sqft, placing it in the top 2% of all residential properties in Winnipeg. It is more than double the average lot size in the Island Lakes neighbourhood.

2. The living area is noted as below average for Island Lakes. How does the home feel inside?
At 1,040 sqft, the living area is compact compared to the neighbourhood average. However, the inclusion of a renovated basement effectively expands the usable space, making it practical for daily living. The appeal here is efficiency and a focus on the outdoor asset.

3. The home was last sold in 2021. What does the price range from that sale indicate?
The recorded sold price range from September 2021 was between $385,000 and $415,000. This provides a recent market benchmark, showing strong value growth from its earlier assessed values and reflecting the premium for large lots.

4. As an older home on the street, should I be concerned about major systems or upkeep?
Being the first built on its crescent in 1986 means major components like the roof, windows, and furnace are likely within or approaching typical renewal timelines. A thorough inspection is advised to budget for any upcoming updates, which is common for homes of this age.

5. What is the practical benefit of having an assessed value above the street average?
A higher assessed value relative to your immediate neighbours can be a positive indicator for municipal valuation and potential resale appeal on that specific street. It suggests the property’s attributes (like its lot and renovations) are recognized as adding value above the local norm.