582 Redwood Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,928 sqft home sits on a notably large 4,456 sqft lot in the William Whyte neighbourhood. Built in 1910, it offers substantial interior space and outdoor land that stand out sharply against local averages. On its own street, the home ranks in the top 2% for living area and top 20% for lot size. The assessed value of $156k is around the neighbourhood median but well below the citywide average—meaning the property offers considerable square footage without the price tag you’d expect in more central or newer areas.

The appeal here is space per dollar. Buyers who value a large living area and a generous yard—especially for gardening, storage, or future additions—will find this hard to beat at this price point. The home is older, and the citywide year-built ranking reflects that, but for someone comfortable with an older home’s character and maintenance, the trade-off is clear. This isn't a turnkey modern house; it's a property where the bones and lot are the assets. It would suit buyers looking for a project, a family who needs room to grow, or someone who prioritizes land and interior volume over a polished finish or a trendy location.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
On the street, the home’s value is slightly below average ($156k vs. $174k median). In the broader William Whyte neighbourhood, it’s a bit above the $149k neighbourhood average. Citywide, it ranks in the bottom 5%—which reflects the older housing stock and lower demand area, not a lack of space.

2. Is the 1910 construction a concern?
It depends on your tolerance for older homes. A 1910 build likely means plaster walls, knob-and-tube wiring or old plumbing, and possible foundation or roof age issues. However, older homes in this area are common, and the land and living area rankings suggest the house itself has held up well in terms of size and lot. A thorough inspection is recommended, especially for systems and insulation.

3. What makes this lot unusual?
The lot is 4,456 sqft—top 7% in the neighbourhood and top 20% on the street. Most nearby homes sit on roughly 3,200–3,400 sqft lots. Citywide, the average is larger (6,570 sqft), but that includes newer suburban subdivisions. In an older urban neighbourhood like William Whyte, a lot this size is rare and adds flexibility for expansions, a garage, or outdoor living space.

4. How does the living area compare to other homes for sale nearby?
It outpaces almost everything around it. The street average is only 1,005 sqft, the neighbourhood average is 1,158 sqft, and this home is 1,928 sqft. That’s roughly 70% more interior space than the typical nearby house. For buyers comparing listings, this is one of the larger options in the area by a wide margin.

5. What does “Elite” or “Top 2%” actually mean for this property?
Those rankings compare this home against all others in the same category (street, neighbourhood, and city) for living area and land area. “Elite” means it outperforms 98% of homes on the same street in terms of square footage. It’s a relative measure—useful for understanding how unusual the space is, not a guarantee of quality or condition. A home can rank high in size and still need significant work.