Key Characteristics & Buyer Profile
This is a 1926 property at 113 Campbell Street with 782 sq ft of living space on a 2,997 sq ft lot. The numbers tell a clear story: in every category except one, this home sits well below the averages for its street, neighbourhood, and city.
The appeal lies in affordability and entry point. Its assessed value of $349,000 is near the citywide average ($390,000), but dramatically lower than the Wellington Crescent neighbourhood average of $806,000. You're buying into a prestigious postal code at a fraction of the typical cost. The trade-off is size—both the house and lot are in the bottom percentile for the area. This isn't a family home with room to grow. It's a compact, older residence in a sought-after location, likely better suited to someone who values neighbourhood over square footage, or a buyer open to renovation.
The property suits: first-time buyers looking for a foothold in a high-demand area, downsizers who want a smaller footprint without leaving the neighbourhood, or investors who see potential in a land-value play. The 1926 build means older construction—character and quirks included. It's not for someone expecting modern finishes or turnkey condition.
Frequently Asked Questions
1. How does this property compare to others on Campbell Street?
It's on the smaller end—ranked 386 out of 400 homes for living area and 397 out of 400 for lot size. The assessed value is also below average for the street ($349k vs $437k). You'd be buying one of the more modest homes on the block.
2. Is the assessed value of $349,000 a realistic market price?
Assessment and market value aren't the same, but this figure suggests the home is priced well below the Wellington Crescent norm. It's near citywide average, which is unusual for this neighbourhood. That said, the small size and older construction likely keep the price in check.
3. What are the potential drawbacks of a home built in 1926?
Older homes often have smaller rooms, less insulation, and systems (electrical, plumbing) that may need updating. You're also on a small lot (under 3,000 sq ft), so there's limited outdoor space and expansion potential. Renovation costs can add up fast.
4. How does the lot size affect future options?
At 2,997 sq ft, the lot is in the bottom 1% for Wellington Crescent and bottom 10% citywide. That limits what you can do—adding an extension, for example, would be tight. It's more of a "live with it as is" or "renovate within the footprint" situation.
5. Who typically buys a property like this in this area?
Often it's someone who wants to live in Wellington Crescent but can't afford the typical $800k+ price tag. That could be a young professional, a retired couple scaling down, or a buyer willing to take on a fixer-upper for the location. It's a compromise on space for access to the neighbourhood.