Property Overview: 197 Charbonneau Crescent, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1985, situated on a quiet crescent in the established Island Lakes neighbourhood. With 1,040 sqft of living space and a renovated basement, it offers comfortable, efficient living without the upkeep of a larger property. Its assessed value is notably below the Island Lakes average, presenting a more accessible entry point into this desirable area.
The appeal lies in its balance and practicality. While the lot size is smaller than others on the street, this translates to less yard maintenance. The home’s living area is perfectly average for the city overall, suggesting a layout that meets typical needs without excess. It would suit first-time buyers seeking a turnkey home in a mature neighbourhood, downsizers looking to simplify without leaving a popular community, or pragmatic investors attracted by its below-average assessment for the area and stable rental demand. It’s a home for those who value location and community amenities over sheer square footage or a sprawling yard.
Section 2: Frequently Asked Questions
1. Is the smaller lot a significant drawback?
While the lot is below average for Island Lakes, it requires less maintenance and landscaping effort. For buyers prioritizing ease of upkeep or wishing to allocate time and budget elsewhere, this can be a practical advantage.
2. How does the assessed value impact property taxes?
A lower assessed value relative to the neighbourhood average typically results in lower property taxes. This is a key financial consideration that can make homeownership in this area more manageable on an ongoing basis.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes a separate entrance or rental suite potential.
4. The home sold recently in 2023 and 2020. What does this indicate?
The recent sales activity suggests the property may have been used as a rental or that the owners' circumstances changed quickly. It’s wise to inquire about the reasons for the short ownership periods and to review the sale history for any notable price volatility.
5. How does this home fit within the Island Lakes community?
This property offers the benefits of Island Lakes—such as parks, pathways, and community centres—at a value-oriented price point. It’s an option for those who want the neighbourhood lifestyle but in a more modest, manageable property compared to the larger, newer homes found elsewhere in the area.