524 Basswood Place – Property Summary
Key Characteristics & Buyer Profile
This 1911 home in Wolseley offers 1,368 square feet of living space on a 3,628-square-foot lot. Its assessed value is $335,000. The property stands out most for its lot size, which ranks in the top 21% on Basswood Place and top 28% within the neighbourhood—meaning more outdoor space than most nearby homes. The living area is above average for the street but roughly in line with citywide norms, so the interior is comfortable without being oversized. The assessed value is consistent with street and neighbourhood averages, suggesting the price is grounded relative to what else is available locally.
What isn’t immediately obvious from numbers: older homes like this often come with firmer bones, higher ceilings, and established landscaping that newer infill builds lack. The trade-off is that the citywide average year built is 1966, so this is an older structure—maintenance history matters here more than square footage.
This property suits buyers who value yard space and character over a move-in-ready, low-maintenance finish. It’s a good fit for someone comfortable with an older home’s quirks, or for anyone who wants a larger lot in Wolseley without paying a premium for a fully renovated interior. Not ideal for buyers seeking a modern open-concept layout or a property that requires no immediate upkeep.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s around average for the street ($335K vs. $336.9K average) and slightly below the neighbourhood average of $371.3K. Citywide, it falls in the lower half of comparable homes.
2. Is the lot really that much bigger than typical Wolseley properties?
Yes. At 3,628 square feet, it’s above average for both the street (3,146 sqft avg) and the neighbourhood (3,434 sqft avg). That said, it’s still smaller than the citywide average of 6,570 sqft, so most of the advantage is local.
3. What should I know about a house built in 1911?
Utilities, foundation, roof, and window age are critical. Many homes of this era have been updated in stages, so check for consistent electrical, modern plumbing, and insulation. The good news: older Wolseley homes often have solid wood framing and basements that are dry if maintained.
4. Is the living area considered small for a house this age?
Not for the street—it’s above average there. But compared to the neighbourhood average of 1,622 sqft, it’s modest. The 1,368 sqft is typical of a well-laid-out pre-war house, not a cramped one.
5. How does this property rank citywide?
Living area and assessed value are average or slightly below. The lot size ranks in the top 21% citywide, though older construction is common. This is a property that competes on location and land, not on flashy upgrades.