Property Summary: 488 Kavanagh Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Dufresne, built in 1948. With 743 sqft of living space, it is notably smaller than most area homes, positioning it as a more manageable and potentially affordable option. Its key features include a renovated basement and a detached garage. The lot size of 4,284 sqft is a standout, being larger than many in the immediate neighborhood, offering valuable outdoor space for gardening, recreation, or future expansion.
The appeal lies in its balance of modest scale and practical updates within a mature community. It suits first-time buyers seeking an entry point into the market without a massive footprint, downsizers looking to reduce maintenance while keeping a generous yard, or investors interested in a character home with rental potential. A thoughtful perspective is that its "below average" size compared to the city is actually a strategic advantage for those prioritizing lower utility costs, property taxes, and upkeep time. Its assessed value is consistent with the local area, suggesting it's priced in line with its immediate market rather than city-wide trends.
Frequently Asked Questions
1. Is the house too small?
At 743 sqft, it is smaller than the average Winnipeg home. This makes it efficient and easier to maintain, but may require creative use of space or utilize the renovated basement for additional living area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent to understand if it's a finished living space, a rental suite, or updated utility areas.
3. How does the lot size benefit me?
The lot is larger than many on the street. This provides more private outdoor space than neighbors might have and could allow for additions like a shed, deck, or garden that smaller lots cannot accommodate.
4. Why is the assessed value so different from city averages?
The assessed value of approximately $22,900 is typical for Dufresne but well below the Winnipeg average. This reflects the specific property characteristics and local market conditions of the neighborhood, not necessarily the condition of the home itself.
5. What is the neighborhood like?
Being on a street with many similarly valued homes suggests a stable, established area. The close proximity of nearby properties, as listed, indicates a traditional neighborhood layout with standard lot spacing.