Property Overview: 490 Kavanagh Street, Winnipeg
Key Characteristics & Appeal
This 748 sqft, one-storey home on a 4,284 sqft lot presents a straightforward opportunity in Winnipeg's Dufresne neighborhood. Built in 1948, it is notably newer than many surrounding homes. Its primary appeal lies in its value proposition: the assessed value is around the average for its immediate street and neighborhood, suggesting a competitively priced entry point into the market. The lot size is a key asset, being larger than most on the block, offering valuable outdoor space or future potential relative to nearby properties.
The home suits practical, value-conscious buyers. It would fit a first-time buyer comfortable with a home that may need updates, as the basement is noted as unrenovated. It could also appeal to an investor looking for a rental property in a neighborhood of similar, well-established homes. The smaller living area means lower utility costs and less maintenance, aligning with a minimalist or downsizing lifestyle. A less obvious perspective is that its "newer" vintage relative to the area might mean slightly more modern construction materials or systems than neighboring houses, potentially easing some concerns about very old home infrastructure.
Frequently Asked Questions
1. How does the home's size compare to others?
At 748 sqft, the living area is below the average for the street, neighborhood, and city. This indicates a more compact, manageable footprint.
2. Is the assessed value high for the area?
No. The assessed value is around the average for both Kavanagh Street and the wider Dufresne area, but is below the Winnipeg city average, indicating it sits within a more affordable pocket of the market.
3. What is the significance of the lot size?
The lot of 4,284 sqft is above average for both the street and Dufresne. This is a relative strength, providing more private outdoor space than many direct neighbors.
4. How old is the home compared to others nearby?
Built in 1948, it is considered above average in age for the street and neighborhood, meaning it is actually newer than many comparable homes in the immediate vicinity.
5. Are there any notable features like a garage or pool?
The listing specifies no garage and no pool. The basement exists but is not renovated, presenting a blank canvas for future development.