158 Oxford Street – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1951 home with 1,344 square feet of living space on a 7,200-square-foot lot, assessed at $445,000. Its strongest feature is the land: the lot is significantly larger than average for Oxford Street (top 24%) and well above the citywide median (top 15%). The house itself is modest in size—smaller than the average on its own street and in the wider Wellington Crescent neighbourhood, where many homes are over 2,000 square feet. The assessed value reflects this: it’s above average citywide (top 29%) but sits well below the neighbourhood norm of $805,600, making it one of the more affordable options in that area.
The appeal here is subtle. For a buyer who wants a foothold in a desirable, established neighbourhood—Wellington Crescent has character and mature trees—this property offers a lower entry point than most. The smaller house and larger lot also suggest potential: room for an addition, a workshop, or a generous garden, without the premium price of a fully renovated home. It’s not a flashy property, but it’s practical for someone who values outdoor space over interior square footage, or who sees an opportunity to improve or expand over time. It would suit a buyer willing to trade size for location and land, or a smaller household (couple, single) that doesn’t need a sprawling interior.
2. Five Possible FAQs
How does the living space compare to other homes nearby?
It’s about average for Oxford Street (1,344 sqft vs. the street average of 1,641 sqft) but notably smaller than the neighbourhood average of 2,343 sqft. Citywide, it’s right around the typical home size.
Is the assessed value accurate for what this property is worth?
The assessment is $445,000. On its street, that’s slightly below the average of $480,400. In the broader Wellington Crescent area, it’s well below the norm—so if you’re comparing to nearby sales, the price likely reflects that it’s a smaller home on a large lot, not a fully renovated or oversized house.
What’s the lot actually good for?
At 7,200 sqft, it’s bigger than most lots on Oxford Street (average 5,699 sqft) and the citywide average (6,570 sqft). It’s not a deep estate lot like some in the neighbourhood, but it offers real outdoor room—good for gardening, kids, or future expansion if zoning allows.
How old is this house, and is that a problem?
Built in 1951, it’s newer than the average home on Oxford Street (1941) and in the neighbourhood (1940), but older than the average citywide home (1966). That means it’s a mid-century house—likely solid construction, but may need updates to electrical, plumbing, or insulation depending on previous work.
Who typically buys a property like this?
People who want to be in Wellington Crescent without paying for a fully updated, large home. It tends to attract buyers who value a good lot in a central, older neighbourhood and are open to doing some work themselves, or who simply don’t need a lot of indoor space but want a generous yard.