118 Lindsay Street — Property Summary
Key Characteristics & Buyer Profile
This 1922 home sits on a 5,996 sqft lot with 936 sqft of living space and an assessed value of $380,000. The property is notably compact for its neighbourhood. While it ranks below average in living area across street, neighbourhood, and citywide levels, the land area is slightly above average for Lindsay Street and roughly average citywide. The assessed value is around average for the street and city, but well below the Wellington Crescent neighbourhood average of $805,600—reflecting how much smaller the house is relative to nearby properties.
The appeal here is less about square footage and more about location and land. Buyers get a foothold on Lindsay Street in a higher-value area, with a lot that offers more outdoor space than many city homes. The older construction (1922) will appeal to those who appreciate pre-war character, but it also means systems and structure likely need attention. This isn't a move-in-ready showpiece; it's a property for someone willing to invest sweat equity or renovations to unlock the location's potential. Ideal buyers include first-time homeowners prioritizing neighbourhood over size, small households, or investors looking to redevelop or expand the existing footprint—though any additions would need to work within the lot's constraints.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Lindsay Street, the $380,000 assessment is around average (ranked 192 out of 286). But in the broader Wellington Crescent area, it ranks in the bottom 11% because many neighbouring homes are much larger and more valuable. Citywide, it's slightly above the median.
2. Is the living area unusually small for this street?
Yes. At 936 sqft, it's below the street average of 1,175 sqft and well below the neighbourhood average of 2,343 sqft. It ranks in the bottom quarter of homes on Lindsay Street by living area. This is a smaller home even by city standards, where the median is around 1,342 sqft.
3. What is the lot actually like?
The land area is 5,996 sqft—slightly larger than the Lindsay Street average (5,559 sqft) and roughly average citywide. However, it's significantly smaller than the Wellington Crescent neighbourhood average of 9,488 sqft. So while the lot is decent for the street, it's compact compared to the grand properties nearby.
4. How old is the house and what does that mean practically?
Built in 1922, it's one of the older homes on Lindsay Street (top 94% by age). The neighbourhood has a mix of pre-war and mid-century homes, so an older structure isn't unusual here. Expect original construction materials, potential for knob-and-tube wiring or galvanized plumbing, and less insulation than modern builds. A thorough inspection is strongly recommended.
5. What are the realistic options for adding space?
The lot allows for some expansion, but zoning, setbacks, and the existing structure's condition will determine feasibility. Given the neighbourhood's higher-value context, a well-planned addition or a full redevelopment could make financial sense—but the 5,996 sqft lot is not oversized, so any expansion would need to be carefully designed. Consulting the city's zoning bylaws and a local architect would be essential before making plans.