This 1,510 sqft home, built in 1946, sits on a 6,000 sqft lot on Borebank Street in the Wellington Crescent area. It stands out most on its own street, where it ranks in the top 15% for living area and top 17% for lot size—meaning it’s one of the larger, roomier homes on the block. Its assessed value of $449,000 is also above the street average, reinforcing its position as a solid, well-proportioned property in a desirable pocket.
The appeal here is subtle but real. While the living area and land are below the sprawling Wellington Crescent neighbourhood average—where many homes are larger and more expensive—they’re above the citywide norm. That means you get a home that feels generous by city standards, without the premium price tag of its immediate neighbours. It’s not the newest build (1946 is older citywide), but the street and area have a mix of similar vintage homes, so you’re buying into established character, not a fixer-upper in a sea of new builds.
This property suits buyers who want a solid, above-average home on a good street, but who aren’t chasing the top tier of the neighbourhood. Think: someone who values space and lot size over a brand-new kitchen or a prestige address, or a buyer who sees long-term value in a home that’s comfortable now but has room to personalize. It’s a grounded choice for those who prefer a well-located, slightly understated home over the flashiest option on the block.
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How does this property compare to others in the Wellington Crescent area?
It’s smaller in both living area and land than the neighbourhood average—the area median home is around 2,343 sqft on 9,488 sqft lots. However, it’s also priced well below the neighbourhood average of $805,600. You’re getting a home that’s above citywide averages but below the top end of its own neighbourhood, which can be a sweet spot for value.
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Is this an older home that needs a lot of work?
Not necessarily. The house was built in 1946, which is older than the citywide median (1966), but it’s actually newer than the average home in this part of Wellington Crescent (1940). On Borebank Street itself, the average build year is 1947, so it fits right in. Age doesn’t automatically mean poor condition—many homes of this era have been well-maintained or updated—but a proper inspection is always wise.
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Why is the property ranked high on its street but low in the neighbourhood?
Borebank Street has smaller, more modest homes than the wider Wellington Crescent area. The property looks strong relative to its immediate neighbours, but the overall neighbourhood includes larger estates and riverfront properties that push the averages up. This is common in areas with mixed housing stock—you can be a standout on your block without competing with the mansions down the road.
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What does “rank” mean here, and how should I interpret the colours?
The ranks compare this property to similar homes within the same scope (street, neighbourhood, or city). A rank of #62 out of 404 on the street means only 61 homes are larger. The bar fill shows what percentage of peers you outperform; fill colour just indicates the tier (e.g., top 15% is one colour, bottom 15% another). It’s a quick visual, but the raw numbers and medians matter more for real comparison.
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If I buy this, what should I look at most closely?
Beyond a standard home inspection, pay attention to the lot (6,000 sqft is generous for the city but not massive here) and how the 1,510 sqft of living space is laid out—older homes can have chopped-up floor plans. Also check the age of major systems (roof, furnace, wiring). The assessed value of $449k gives you a baseline, but your own offer should reflect the actual condition, not just the data.