194 Wordsworth Way – Property Summary
Key Characteristics & Buyer Profile
This is a 1,200 sqft home built in 1962 on a 3,332 sqft lot in the Westwood neighbourhood. What stands out is the disconnect between its living space and its assessed value. The home’s square footage is essentially average for the street and city, but its assessed value is significantly below average in every comparison—ranked 129th out of 138 homes on the same street, and 2,475th out of 2,523 in the neighbourhood. The lot is also notably small for the area, ranking near the bottom. The appeal here is less about the property itself and more about what the numbers suggest: this could be a lower-entry-point into a neighbourhood where most other homes are valued higher and sit on larger lots. That dynamic might suit a buyer who is comfortable with a smaller footprint and lot, and who is either looking for a more affordable option in Westwood or is willing to invest in a renovation or addition to bring the home closer to the neighbourhood standard. It’s not a move-in-ready premium home, but it could work for someone who prioritizes location over size or who sees potential in a property that currently lags behind its neighbours in valuation.
Five Possible FAQs
1. Why is the assessed value so low compared to other homes on the same street?
It’s ranked 129th out of 138 homes, with an assessed value of $267k versus the street average of $371k. This likely reflects a combination of the smaller living area, the compact lot, and possibly age or condition relative to other properties on Wordsworth Way. Without specific condition data, the main measurable factors are size and land.
2. How does the lot size compare to typical homes in Westwood?
The lot is 3,332 sqft, which is about half the neighbourhood average of 6,491 sqft. It ranks near the very bottom—2,519th out of 2,523 homes. That’s an important detail if outdoor space, gardening, or future expansion are priorities.
3. Is this property a good candidate for renovation or addition?
Possibly, but the small lot size is a real constraint. Any addition would need to work within the existing footprint or build up, depending on zoning. The lower assessed value could mean less competition at purchase, but renovation costs should be weighed carefully against the ceiling set by neighbouring property values.
4. How does the build year of 1962 fit into the neighbourhood?
It’s around average for the street, but older than about 80% of homes in Westwood, where the average year built is 1966. So while not the oldest on the block, the neighbourhood as a whole leans slightly newer.
5. Who would this property not suit?
Buyers looking for a large yard, a home that already matches the neighbourhood’s higher valuations, or a property with standout square footage would likely be frustrated here. It also probably wouldn't suit anyone expecting quick resale appreciation without putting in significant work or accepting a longer timeline.