This Wolseley-area home at 538 Greenwood Place stands out for its generous interior square footage and a notably large lot relative to the immediate neighbourhood. With 1,827 square feet of living area, it ranks in the top 15% on its street and top 16% citywide—well above average for a house built in 1910. The lot is 4,154 square feet, which is typical for the street but places it in the top 13% within Wolseley, where smaller parcels are more common. The assessed value of $323,000 is below the street and neighbourhood averages, likely reflecting the home’s age and possibly deferred updates rather than any structural issue. The house is older than most on the street (top 90% oldest) but sits within the typical vintage for Wolseley itself.
The appeal here is space: both indoors and outdoors. Buyers who value a larger floor plan and a generous yard in a central, established neighbourhood will find this compelling. It may suit someone comfortable with an older home’s character and maintenance rhythms, or a buyer looking for a property that offers more room than neighbours at a potentially lower entry price. The combination of a large lot and below-average assessment could also appeal to those with renovation plans, provided they are realistic about the age of the structure.
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How does the lot size compare to other homes in Wolseley?
The lot is above average for the neighbourhood, ranking in the top 13%. At 4,154 square feet, it offers more outdoor space than most nearby properties, though it’s smaller than the typical citywide lot.
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Why is the assessed value lower than the street average?
The $323,000 assessment is below the street average of $360,600, likely due to the home’s age (1910) and that it hasn’t been updated to a level that would lift its value relative to neighbours. This is common with older homes that retain original features or systems.
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Is the living area measurement accurate for a 1910 house?
1,827 square feet is well above average for a home of this vintage, both on the street and citywide. It suggests the house may have been expanded or originally built larger than typical for the era. You’d want to confirm the layout in person, as older homes sometimes have awkward room divisions.
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Does the age of the home mean higher maintenance costs?
Generally, yes. A 1910 house will likely require attention to foundations, wiring, plumbing, and insulation. That said, Wolseley is full of century homes, so local contractors and trades are familiar with the challenges. The lower assessed value may offset some of these costs if you’re budgeting.
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How does this home compare to newer builds in the city?
Against a typical newer home (average build year 1966 citywide), this house is older and likely has smaller rooms by modern standards, but more total square footage than most. The lot is smaller than the city average (6,570 sqft), but again generous for its neighbourhood. It won’t have the energy efficiency or open-concept layout of a new build, but offers character and space that newer homes often lack.