Key Characteristics & Buyer Profile
This property at 283 Young Street is a detached home built in 1894, with 1,542 sq. ft. of living space on a 2,999 sq. ft. lot. Its assessed value is $262,000.
Where this property stands out is at the street level. On Young Street itself, it is ranked in the top 21% for assessed value and top 38% for living area, meaning it is one of the more substantial homes on its block. However, compared to the broader West Broadway neighbourhood, its living area and lot size fall below the local averages, and the home is older than most nearby properties. Citywide, the home is quite small relative to other detached houses, but its assessed value is below the city average, reflecting its location in a more central, established area.
The appeal here is a balance of character and relative value. You get a home that is larger and higher-valued than others on its immediate street, but in a neighbourhood that is more affordable than many suburban alternatives. This property would suit a buyer who values being close to the city core, is comfortable with an older home that may need ongoing upkeep, and wants to avoid competing in highly saturated, newer subdivisions. It’s a good fit for someone who prioritizes location and street-level distinction over modern floor plans or a large backyard.
Five Possible FAQs
1. How does this home compare to others on Young Street?
It is above average for its street in both size and assessed value. It ranks in the top 21% for value and top 38% for living area, so it is one of the more established homes on the block, not the smallest or cheapest.
2. Is the neighbourhood considered affordable?
Relative to the city as a whole, yes—its assessed value is in the bottom 20% citywide. Within West Broadway, it is around average for value but below average for living space, meaning you’re paying a moderate amount for a smaller home in a central, older area.
3. How old is the property, and what should I expect?
Built in 1894, this is an older home. It is among the oldest on its street and in the neighbourhood. Buyers should expect the maintenance and character details typical of a late-19th-century house, and should budget for potential updates to systems or structure.
4. What is the lot size, and how does it compare?
The lot is 2,999 sq. ft. This is around average for the street but below the West Broadway neighbourhood average (3,954 sq. ft.) and well below the citywide average (6,570 sq. ft.). The yard is modest by suburban standards.
5. How can I see how it fits in with nearby homes?
There is a neighbourhood analysis page that lets you view this property on a map next to nearby houses. You can compare year built, living area, assessed value, and lot size in detail. A link to open that map is available on the property page.