Here is a clean, standalone summary of the property at 115 Garfield Street S, formatted for direct display.
Key Characteristics & Buyer Profile
This is a 1924 home in the Wolseley neighbourhood with 1,039 sq. ft. of living space on a 3,013 sq. ft. lot. Its appeal lies in two specific, contrasting strengths. First, it offers strong relative value on its street: while the home itself is assessed at $294,000—ranking above average (top 25%) on Garfield Street—it sits well below the neighborhood and citywide averages for valuation. This means a buyer gets a home that is priced competitively within its immediate block, even if it appears modest compared to broader market benchmarks. Second, the home is older than most in the area (built in 1924, ranking in the top 17% of Wolseley for age), which will appeal to buyers who appreciate established neighbourhood character, mature streetscapes, and construction from an era known for solid bones.
The property would best suit a buyer who is comfortable with a smaller footprint and prefers a home that feels appropriately priced for its street rather than overextending for the neighbourhood. It is well-suited for someone looking for a character home in an established inner-city area like Wolseley, without paying a premium for a fully renovated or larger property. A buyer interested in gradual renovation or updating over time—rather than immediate turnkey luxury—would find this a sensible entry point.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Garfield Street itself, the assessment of $294,000 is above the street average of $269,300. However, it is well below the Wolseley neighbourhood average of $371,300 and the citywide average of $390,100. This positions the home as a relatively affordable option within its immediate context, though it is not a bargain relative to its block.
2. The home was built in 1924. Is that considered old or historic for this area?
It is older than most comparable properties in Wolseley, where the average build year is 1916. Citywide, the average is 1966. This puts the home in an older tier for the city but only slightly above average for its own street. Buyers should expect character features common to early 20th-century construction, along with potential maintenance needs typical of homes of this age.
3. How does the lot size compare?
The lot is 3,013 sq. ft., which is around average for both Garfield Street (3,139 sq. ft. average) and the Wolseley neighbourhood (3,434 sq. ft. average). Citywide, lots are much larger (6,570 sq. ft. average), so this is a smaller urban lot—typical for a mature, walkable neighbourhood. Yard space will be modest but manageable.
4. Is this property a good fit for someone new to the area?
Yes, but with some context. It offers a reasonable entry point into Wolseley, a highly sought-after inner-city neighbourhood known for its character homes and community feel. However, because the home is below neighbourhood averages in both living area and assessment, a new buyer might want to factor in potential updates and understand that the property’s value is more aligned with its street than with Wolseley as a whole.
5. What does the ranking data actually tell me?
The rankings compare this property to others within three layers: street, neighbourhood, and city. For example, being in the top 88% for living space in Wolseley means it is smaller than a large majority of homes there. The bar charts show how much you are ahead or behind the median (the vertical line) for each category. This is useful for understanding where the property stands relative to realistic benchmarks, not just raw averages.