246 Wildwood J Park – Property Summary
Key Characteristics & Buyer Profile
This 1947 home sits on a notably generous 7,322 sqft lot—among the largest on its street and well above city averages. The living area, however, is compact at 1,130 sqft, which is below typical sizes for both the immediate street and the Wildwood neighbourhood. Its assessed value of $457k is slightly below the street average but sits comfortably above the citywide median, reflecting a premium for location and land rather than interior square footage.
The appeal here is land and placement. The property offers a rare combination of an older, well-established home on a large lot in a top-ranked street for year built (one of the oldest on the block). Buyers likely to be interested include those looking to renovate or rebuild in a desirable neighbourhood, downsizers who prioritize outdoor space over interior footprint, or investors seeking land value in a stable area. The home’s age suggests potential for character, but also likely need for updates—so it suits someone comfortable with a project or willing to accept a smaller floor plan for a prime piece of land.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
At 1,130 sqft, this home is smaller than most on Wildwood J Park (average 1,588 sqft) and in the Wildwood neighbourhood. Citywide, it’s closer to average, but locally it’s on the compact side.
2. Is the assessed value good for the area?
The $457k assessment is below the street average ($504.5k) and neighbourhood average ($568.2k), but well above the citywide average ($390.1k). It reflects the land’s value more than the home’s size.
3. What’s special about the lot?
The 7,322 sqft lot ranks 2nd out of 24 homes on the street (top 8%) and is above average citywide. It’s a standout feature, especially for a 1947 home in an established neighbourhood.
4. Would this property be a good candidate for renovation or rebuilding?
Likely yes. The land is large and well-positioned, while the small living area and older construction suggest room for expansion or a full rebuild. Check zoning and permits before planning any major work.
5. How old is the house, and does that matter?
Built in 1947, it’s one of the oldest homes on the street and in the neighbourhood. That can mean solid construction and character, but also likely outdated systems, wiring, and insulation—so budget for updates.