130 Brock Street – Property Summary
Key Characteristics & Buyer Profile
This 1,474 sqft home, built in 1923, sits on a 4,300 sqft lot in the Wellington Crescent neighbourhood. Its standout feature is assessed value: at $630,000, it ranks in the top 9% on Brock Street and top 6% citywide—well above the city average of $390,100. The living area is roughly average for the street and city but noticeably smaller than the neighbourhood average of 2,343 sqft. The land is on the smaller side, particularly compared to the spacious lots typical of Wellington Crescent.
The appeal here is value per square foot rather than space. Buyers are essentially paying a premium for location and the home's structure, not for square footage or lot size. This property suits someone who prioritizes being in a desirable area over having a large home or yard—perhaps a downsizer, a professional couple, or an investor who sees potential in a 1923 character home that may need updating. It would be less suitable for a family needing generous indoor or outdoor space.
Five Possible FAQs
1. How does this home compare to others on Brock Street specifically?
It's above average in assessed value (top 9%) but below average in land area (top 85%) and age (top 91%). Living area is around average. In short, it's a smaller lot with a higher valuation than most neighbours.
2. Why is the assessed value high relative to the living area?
Assessed value considers location, land value, and structural condition—not just square footage. Being in Wellington Crescent, a sought-after area, likely drives the land component, and the home itself may have retained value through maintenance or original character features.
3. Is a 1923 home likely to need major repairs?
Age is a factor: this home is older than 86% of city properties. While many pre-war homes are well-built, systems (plumbing, electrical, roof) may be original or near end-of-life. A thorough inspection is strongly recommended, especially for foundations and insulation.
4. How does the lot size affect usability or resale?
At 4,300 sqft, the lot is below average for Brock Street and significantly below the neighbourhood average of 9,488 sqft. This limits outdoor space, garage potential, or future expansion. It may also affect resale appeal for buyers seeking a larger yard.
5. Is this a good investment property?
It depends on goals. The high assessed value suggests strong location demand, which supports resale or rental potential. However, the small lot and older structure may limit appreciation compared to properties with more land or newer builds. If renovation is planned, the ceiling for added value may be constrained by the lot size.