1. Key Characteristics, Appeal, and Target Buyer
This is a 1905 home in the Wolseley neighbourhood, with 1,176 sq ft of living space on a notably large lot. Its most distinguishing feature is the land: 4,452 sq ft ranks among the top third on its street and top 11% in the community. The house itself is older than most nearby (built before 1910), and its assessed value sits close to the median for the street. The living area is below average for both the street and the neighbourhood, but closer to average citywide.
The appeal lies in the trade-off between a modestly sized interior and a generous piece of land. This suits buyers who value outdoor space, gardening, or the potential for future expansion or infill, and who are willing to accept a smaller, older home in the short term. It’s less suited for someone seeking turnkey, spacious interiors or a property that blends in with newer houses. For the right person, the lot offers a rare advantage in a desirable central neighbourhood.
2. Five Possible FAQs
Q: How does this home’s size compare to others on the street?
A: At 1,176 sq ft, the living area is below the street average of 1,566 sq ft, ranking 22nd out of 24. The land, however, is the 3rd largest on the street.
Q: Is the house considered old for this area?
A: It was built in 1905, which is on par with the street average (1907) but significantly older than the Wolseley community average (1916) and the city average (1966). Expect original character and maintenance considerations.
Q: How does the assessed value compare?
A: The assessed value of $339k is close to the street average ($309k), slightly below the community average ($371k), and somewhat below the city average ($390k). It’s not overvalued relative to its immediate surroundings.
Q: What does "near average" or "below average" mean in the data?
A: These terms compare the home to similar properties within a specific boundary—street, community, or city. “Below average” means the home ranks lower than the midpoint for that metric; “near average” means it falls within a typical range around the middle.
Q: Would this property work for a renovation or rebuild?
A: The large lot (top 11% in Wolseley) makes it attractive for those considering an addition, major remodel, or even a teardown. But the home’s historic status and age should be investigated first. Check local zoning and heritage restrictions before planning significant changes.