Property Summary: 151 Arlington Street
Key Characteristics & Buyer Profile
This 1909-built home offers 1,276 sq ft of living space on a 3,313 sq ft lot in the Wolseley neighbourhood. The property’s assessed value sits at $385,000, which is well above the average for its street ($247,000) but roughly in line with the broader neighbourhood and city averages. That higher valuation relative to immediate neighbours is one of its more notable features — it suggests the property may have been updated or maintained to a standard that sets it apart from other homes on Arlington Street.
The living space is slightly above the street average but below the Wolseley neighbourhood average, where homes tend to be larger. The lot is comparable to others nearby, though it is significantly smaller than the citywide average — meaning this property is fairly typical for an older, inner-city neighbourhood but would feel compact relative to suburban options.
The home is older than most in the area, even by Wolseley standards, which are already skewed toward early 1900s construction. This could appeal to buyers who appreciate pre-war character and are willing to invest in maintenance, but may give pause to those looking for move-in-ready modern finishes.
Who it suits: Buyers drawn to Wolseley’s walkable, established character — likely someone who values proximity to local amenities, older architecture, and a closer-knit street feel over a larger lot or newer construction. The assessed value suggests it may also interest someone looking for a property with above-street-average equity potential.
Five Possible FAQs
1. How does this property compare to others on Arlington Street?
It ranks in the top 8% for assessed value but is older than about 79% of homes on the same street. Its living area and lot size are close to the street averages. So it’s a higher-valued home on a street where most properties are assessed lower, which can sometimes indicate recent improvements or a premium location within the block.
2. Is the lot size a concern?
At 3,313 sq ft, it’s typical for Wolseley but below the citywide average by almost half. If you’re used to suburban lots, this will feel small. But for the neighbourhood, it’s standard — most yards here are compact and low-maintenance.
3. The home was built in 1909. What should I be aware of?
Older homes often come with charm and solid construction, but also potential issues like aging plumbing, electrical, and insulation. The fact that this property’s assessed value is strong relative to the street could indicate that some updates have been made — but a thorough inspection is always wise with a property of this age.
4. How does the assessed value relate to market price?
The assessed value ($385,000) is used for tax purposes and may not reflect current market price. It’s above average for the street but close to the Wolseley and city averages. In practice, a home that’s assessed higher than its neighbours can sometimes command a premium, but final pricing depends on condition, upgrades, and market demand.
5. What’s the neighbourhood like for resale or long-term value?
Wolseley is an established, centrally located neighbourhood with strong walkability and a loyal buyer base. Homes here tend to hold value well, though growth can be slower than in newer subdivisions. The property’s smaller lot and older construction may limit upside for some buyers, but its above-street valuation suggests it already sits at a premium — which could either stabilize or limit further gains depending on market trends.