801 Wolseley Avenue – Property Overview
Key Characteristics & Buyer Profile
This is a 1918 home with 2,404 square feet of living space on a 5,786-square-foot lot. The property stands out most for its size relative to its immediate surroundings. In the Wolseley neighbourhood, the living area ranks in the top 6% of homes—well above the local average of 1,622 square feet. Citywide, it lands in the top 4%, which is exceptional for a home of this era. The lot is also notably large for the area: top 5% in the neighbourhood, even though it’s average compared to broader citywide lot sizes.
The assessed value sits at $369,000, which is roughly in the middle of the pack locally and citywide. That suggests the home’s value is not inflated by speculative pricing—it’s grounded relative to comparable properties. The age of the house (107 years) is older than the citywide average, but fairly typical for Wolseley itself, where many homes date from the early 1900s.
Where the appeal lies: The main draw is space—both inside and out—within an established, walkable neighbourhood. Buyers who want a character home with room to spread out, without paying a premium for a hyper-modern renovation, will find this interesting. The assessed value being near the local median, despite the larger footprint, could indicate a property that hasn’t been fully updated, which may appeal to someone looking to add their own finishes over time.
Who it suits: Someone who values a historic neighbourhood, wants more square footage than most nearby homes offer, and is comfortable with an older structure. It’s less suited for buyers seeking a turnkey modern home or a small, low-maintenance lot.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Wolseley?
It’s slightly below the neighbourhood average of $371,300, and below the street average of $514,700. That puts it around the 40th percentile locally—so it’s not undervalued, but it’s not among the priciest homes on the street either.
2. Is the lot size unusual for Wolseley?
Yes—the lot is 5,786 square feet, which ranks in the top 5% of the neighbourhood. That’s significantly larger than the local average of 3,434 square feet. Citywide, it’s more typical, but within Wolseley, a lot this size is uncommon.
3. The home was built in 1918. What does that mean practically?
Older homes often have solid construction, but you may need to budget for updated electrical, plumbing, or insulation. Wolseley has many homes from this era, so local contractors are familiar with the quirks. The home ranks in the top 27% of the neighbourhood by age, meaning it’s not exceptionally old for the area, but it’s older than most homes citywide.
4. How does the living area compare to other homes on Wolseley Avenue?
It’s well above average. The street average is 1,858 square feet; this home has 2,404. That puts it in the top 17% on the street. So it’s one of the larger homes on that block.
5. Is this a good investment for a renovation project?
That depends on your goal. The assessed value is not far above the neighbourhood average, despite the larger home and lot. If the interior needs updates, there may be room to add value—but the market for character homes in Wolseley tends to reward authenticity and careful upgrades, not overbuilding. It’s worth looking at comparable sales on the neighbourhood map to see what updated homes on similar lots have sold for.