Key Characteristics & Buyer Profile
This 1,152 sqft home on Wolseley Avenue, built in 1938, sits on a 3,861 sqft lot. Its assessed value is $402,000.
The property’s appeal lies in its balance of age and lot size. It’s newer than most homes on the street and in the Wolseley neighbourhood (where the average build year is 1916), so it may require less structural updating than older neighbours. The lot is modest by street and city standards but notably larger than the Wolseley community average, offering more outdoor space than many nearby homes. The assessed value is above the neighbourhood average but below the street average, suggesting it’s priced in a middle ground between older, smaller-area homes and pricier properties on the same block.
This property would suit a buyer who wants a house with original character from the late 1930s but without the very early-century quirks of a 1910s or 1920s home. It’s a reasonable fit for someone who values a yard that’s generous for the area and doesn’t need a large interior footprint. It may also appeal to those looking for a home that’s above the local tax assessment baseline, potentially indicating better condition or finishes than the neighbourhood median.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
It’s below average for both the street and the Wolseley neighbourhood. The home is roughly 700 sqft smaller than the typical house on Wolseley Avenue and about 470 sqft smaller than the neighbourhood average. However, it’s slightly smaller than the citywide average, which is 1,342 sqft.
2. Is this considered an older or newer home for the neighbourhood?
It’s newer than most. The house was built in 1938, while the typical home in Wolseley dates to 1916. On its own street, it’s also newer than average (1925). For context, it’s older than the citywide median of 1966.
3. How large is the lot compared to others nearby?
The lot is 3,861 sqft, which is larger than the Wolseley community average of 3,434 sqft, but smaller than the street average (5,947 sqft) and well below the city average of 6,570 sqft. It’s a solid yard for the immediate area.
4. Does the assessed value indicate the home is overpriced?
Not necessarily. The assessment is $402,000, which is above the neighbourhood average of $371,000 but below the street average of $515,000. It ranks in the top 29% of the community, so it’s on the higher end for Wolseley without being an outlier on its street.
5. What kind of buyer typically considers a property like this?
Someone who wants a home with some age and character, but not as old as many surrounding houses. The smaller interior footprint and modest yard also suggest it’s a better fit for a couple, a small family, or someone who wants less maintenance than a larger property requires. It’s not a starter home by square footage, but it’s not a grand family house either—it’s a middle-ground option in a character neighbourhood.