98 Lindsay Street – Property Summary

Key Characteristics & Buyer Profile

This 1,503 sqft home built in 1931 sits on a 7,057 sqft lot in the Wellington Crescent neighbourhood. The property stands out most clearly for its land and value positioning. On Lindsay Street itself, it ranks in the top 6% for lot size and top 7% for assessed value, both well above the street averages. Citywide, it falls in the top 10% for assessed value and top 17% for land area.

The living area is above average for the street and city, but notably below the neighbourhood average of 2,343 sqft—meaning this is a smaller home in a broader area where larger houses are more common. The year built (1931) is older than the street and city averages, but fits comfortably within the neighbourhood's typical pre-war era.

What makes this property interesting is the gap between its street-level prominence and its neighbourhood-level modesty. It's a top-tier home on Lindsay Street but an average-to-modest home within Wellington Crescent. This suggests a buyer who wants a strong lot and good value without paying for the largest house in the area. It would suit someone who prioritises outdoor space and location over square footage, or someone interested in an older character home that sits on land well above the street norm. The property likely appeals to buyers looking for a solid entry point into an established neighbourhood, rather than those seeking a grand showpiece.

Frequently Asked Questions

1. How does this property compare to others on Lindsay Street?
It ranks very well—top 7% for assessed value, top 6% for lot size, and top 15% for living area. It's one of the larger, more valuable homes on the street, though its year built is older than the street average (1931 vs. 1955). On the street, it's a standout property.

2. Is the home small for the Wellington Crescent area?
Yes. The neighbourhood average living area is 2,343 sqft, nearly 800 sqft larger. This property ranks in the bottom 79% locally. If you want a house similar in size to its neighbours, this isn't it. But if you're comfortable with a smaller footprint in a premium neighbourhood, the land and assessed value make it competitive.

3. Why is the assessed value high despite the smaller living area?
The value likely comes from the land. The lot is 7,057 sqft, well above both the street and city averages. In established neighbourhoods like Wellington Crescent, land often drives value more than house size. The older construction and location also contribute.

4. How old is this home, and is that a concern?
Built in 1931, it's older than 82% of homes citywide. However, it's around the median for the neighbourhood (built 1940). Age can mean character, solid construction, and established gardens, but also potential for deferred maintenance. A thorough inspection would be wise, especially for systems and foundation.

5. Who would this property not suit?
Someone looking for a large, move-in-ready modern home, or a buyer who wants a house that matches the scale of other Wellington Crescent properties. It's also less ideal for someone who prioritises a newer build or doesn't want to manage an older home's upkeep.