32 Home Street: Property Overview
Key Characteristics & Buyer Profile
This is a substantial 1921 home in Wolseley with 2,220 square feet of living space on a 3,939 sqft lot. Its standout feature is the assessed value—$618,000—which places it in the top 1% on the street and top 4% in the neighbourhood. That value isn’t arbitrary; it reflects a living area that’s in the top 5% on Home Street and top 6% citywide, combined with a land area that’s in the top 3% locally. For context, the average assessed value on the street is $242,700, and in Wolseley it’s $371,300, so this property sits well above both.
The appeal lies in its size and scarcity. It’s not a modern home—its year built ranks below average citywide—but within a street and neighbourhood full of older homes, it’s newer than most, and it offers a generous footprint and lot that are rare for the area. Buyers drawn to Wolseley typically value character, mature trees, and proximity to the river and the core, but this property also works for someone who wants more interior space than a typical Wolseley bungalow provides, without leaving the neighbourhood.
Who it suits: A buyer who prioritizes interior square footage and a premium assessed value within an established, walkable area, and who is comfortable with an older home that may require updates or maintenance. It’s less suited for someone looking for a large suburban lot or a newer build with minimal upkeep.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
The $618,000 assessment is well above both the street average ($242,700) and the neighbourhood average ($371,300). This isn’t just about size—it’s a top-tier property for the immediate area, ranking 3rd out of 477 homes on Home Street.
2. Is the living area unusual for Wolseley?
Yes. At 2,220 sqft, it’s above the neighbourhood average of 1,622 sqft and ranks in the top 11% for the area. Most homes in Wolseley are closer to 1,400–1,600 sqft, so this is one of the larger options available in the neighbourhood.
3. What should I know about a home built in 1921?
The home is newer than the street average (1914) and neighbourhood average (1916), but it’s still an older property by citywide standards. Expect systems, insulation, and layout choices common to the era. A thorough home inspection is advisable, and you may want to budget for potential upgrades to electrical, plumbing, or windows.
4. How does the lot size fit the area?
The lot is 3,939 sqft—in the top 3% for Home Street, but below the citywide average of 6,570 sqft. In Wolseley’s context, this is a larger-than-usual lot, offering more yard space than many neighbouring properties, though not oversized by suburban standards.
5. Would this property work for multi-generational living or as a rental?
The 2,220 sqft of living space could accommodate a suite or multiple bedrooms, but this depends on the existing floor plan and local zoning. Given the high assessed value relative to the area, it may not cash-flow well as a rental unless you’re buying below assessment or adding significant value. It’s best suited as a primary residence for someone who values space and location over yield.