464 Greenwood Place – Property Summary
Key Characteristics & Buyer Profile
This 1911 home in Wolseley stands out primarily for its living space. At 2,406 square feet, it ranks in the top 2% on its street and top 4% citywide—well above the local average of 1,622 square feet. The assessed value of $498,000 reflects that size advantage, placing it in the top 3% on Greenwood Place, though the gap narrows at the city level (top 20%). The land area is a modest 4,080 square feet—smaller than the street average but above average for the Wolseley neighbourhood, where lots tend to be tighter.
The appeal here is space without sprawl. You get a large interior and a solid urban lot, but not the oversized yard that often comes with a house this size in newer suburbs. The year built (1911) means character features and older construction, but also potential maintenance considerations—homes on this street average 1950, so this is one of the older ones.
This property suits buyers who:
- Prioritize interior square footage over land area
- Value an established, walkable neighbourhood like Wolseley
- Are comfortable with an older home’s quirks and upkeep
- Want a house that stands out in size compared to nearby properties, without paying for a massive lot
It may be less ideal for those seeking a low-maintenance newer build or a large private yard.
Frequently Asked Questions
1. Why is the assessed value high for the street but only above average citywide?
Greenwood Place has relatively modest home values (average $360,600), so this house’s $498,000 assessment looks elite locally. Citywide, however, it competes against high-value areas—hence the top 20% ranking rather than top 5%.
2. How does the lot size compare to other Wolseley homes?
Above average for the neighbourhood. The Wolseley average is 3,434 sqft, and this lot is 4,080 sqft. But on Greenwood Place specifically, lots tend to be larger (average 4,805 sqft), so this one is on the smaller side for the street.
3. What does “year built 1911” mean for practical ownership?
It typically means old-growth wood framing, plaster walls, and possibly knob-and-tube wiring or outdated plumbing. Renovations may be needed for energy efficiency, and systems like HVAC or roofing may have been updated at some point—worth verifying. The age also means the home likely has original character details, which some buyers prize.
4. How was the living area measured?
The 2,406 sqft figure comes from municipal assessment data, which generally includes finished above-grade space. Basements and attics (unless fully finished to code) are usually excluded. For exact room-by-room dimensions, a floor plan from the seller or a measurement by a surveyor would be needed.
5. What do the rankings and “bars” on the analysis mean?
The rankings compare this home to other “comparable homes” within the same street, neighbourhood, or city. The fill length on the bar shows what percentage of those peers you outperform on that metric. “Avg” is a rough median for that group. A longer bar means a better ranking—except for year built, where newer is considered better. The colour tier (red, blue, amber, gray) gives a quick visual: blue and red indicate strong performance relative to peers.