185 Ethelbert Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1912 home in Wolseley with 2,003 square feet of living space on a 3,677-square-foot lot. Its assessed value is $368,000.
The property’s main strength is its living area, which is notably above average compared to both the neighbourhood and the broader city. While the home is smaller than others on Ethelbert Street itself, it holds up well when measured against Wolseley homes generally and sits in the top 11% citywide for living space. The lot is also larger than the typical Wolseley lot, though below the street average.
The assessed value is below the street average but roughly in line with the neighbourhood and city medians, suggesting the price reflects the property’s condition and age rather than any premium for size.
The home’s appeal lies in getting more indoor space than the surrounding area typically offers, in an older, character-rich neighbourhood. It would suit buyers who prioritize roominess over a move-in-ready finish or a newer build. This is not a house for someone seeking a turnkey property or a large yard by city standards. It fits someone who values established neighbourhoods, is comfortable with a century-old home’s quirks, and sees the value in above-average square footage at a mid-range price point.
Frequently Asked Questions
1. How does this home compare to others in Wolseley?
It has above-average living space and a slightly above-average lot size for the neighbourhood. Its assessed value and age are both around the Wolseley median, meaning it’s not a standout in price or vintage—just in square footage.
2. Is the assessed value of $368,000 a reliable indicator of market price?
Assessed value is a baseline, not a guarantee. This property is valued near the neighbourhood and city averages, but well below the street average. That gap may reflect variations in condition, updates, or specific street characteristics. A comparative market analysis would give a clearer picture.
3. What should I know about a home built in 1912?
Expect original construction methods, potentially older plumbing and electrical, and possible insulation challenges. While many Wolseley homes have been updated, the age alone places this property in the oldest 8% of homes citywide. A thorough inspection is advisable, focusing on the foundation, roof, and mechanicals.
4. How does the lot size work for outdoor use?
At 3,677 square feet, it’s larger than the typical Wolseley lot but still modest by citywide standards. You’ll have room for a garden or small patio, but not expansive lawn space. It’s practical for low-maintenance landscaping.
5. Who is this property not suitable for?
Buyers wanting a new build, a large suburban lot, or a home that’s already fully updated may find it lacking. It’s also not ideal for someone who needs to be on a street with consistently high property values. It works best for those who want extra indoor space in an older neighbourhood without paying a premium for it.