143 Elm Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1939-built home with 1,907 square feet of living space on a 6,002-square-foot lot. Its assessed value is $754,000.
The property’s strongest asset is its value relative to the broader market. Citywide, it ranks in the top 3% for assessed value and top 13% for living area, yet it sits just below the neighborhood average for assessed value. This suggests it offers premium positioning at a price point that isn't the highest in its immediate area. The lot is also a standout on its street—top 17%—though it's average within the wider neighborhood, where lots tend to be larger.
A less obvious point: the year built (1939) is older than the citywide average (1966) but closely matches the neighborhood median (1940). This means the home's age is typical for its area, not a liability. Buyers looking for character homes or established streetscapes won't find this out of step with what's nearby.
This property would suit a buyer who wants strong citywide value and a solid lot on a good street, but doesn't need the largest home in the neighborhood. It's a good fit for someone who prioritizes location and land over square footage, or who sees opportunity in a home that's well-positioned but not overpriced relative to its immediate neighbours.
Frequently Asked Questions
1. How does this home's assessed value compare to others nearby?
On Elm Street, it's in the top 6%—significantly above the street average of $520,800. Within the Wellington Crescent neighborhood, it's around average (top 37%), where the average is $805,600. So it's a high-value home on its street, but not exceptional for the broader neighborhood.
2. Is the lot size considered large?
It's above average for Elm Street (top 17%), exactly average for the Wellington Crescent area, and slightly below the citywide average for comparable homes. So yes for its immediate street, but not oversized for the neighborhood.
3. How old is the house, and is that a concern?
Built in 1939, it's typical for the neighborhood (average is 1940) but older than the citywide average (1966). Age alone isn't a red flag here—many homes in the area are similar vintage. Condition and maintenance history would matter more than the year built.
4. Is the living space bigger or smaller than typical homes in the area?
Citywide, it's large (top 13%). On Elm Street, it's above average (top 30%). But within Wellington Crescent, it's around average (top 57%), where homes average 2,343 square feet. So it's a good-sized home overall, but not oversized for its neighborhood.
5. How are the rankings calculated, and what do the bars mean?
Rankings compare this property to other comparable homes at three levels: street, neighborhood, and citywide. A higher rank (lower number) means it outperforms more peers. The fill colour in the bars (red, blue, amber, gray) indicates the performance tier, and the fill length shows roughly what share of peers you're ahead of. Larger is better for living area, lot size, and assessed value; newer is better for year built.