156 Walnut Street, Wolseley
Key Characteristics & Buyer Profile
This 1907 home in Wolseley offers 1,800 square feet of living space on a 2,758-square-foot lot. The property stands out for its size relative to its price. Citywide, it ranks in the top 17% for living area, yet its assessed value ($221,000) falls well below average at every level—street, neighbourhood, and city. That gap between space and assessed value is the main draw. The home is older than most in the area (89% of neighbourhood homes are newer), and the lot is modest by city standards but typical for the street.
The appeal here isn’t curb appeal or a big yard—it’s the potential for someone who values interior square footage over a polished finish or a prime lot. This property would suit a buyer comfortable with an older home who sees value in the space itself, not necessarily the land. It’s less suited to someone looking for a turnkey property or a large outdoor area. The combination of generous interior space and below-average valuation suggests a handyman or renovator could find room to add value, but only if the bones are sound—something not indicated in this data alone.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $221,000 is below average on Walnut Street (average $337,500), below average in Wolseley (average $371,300), and below average citywide (average $390,100). It ranks in the bottom 11% on the street and bottom 3% in the neighbourhood.
2. Is the living space actually larger than typical homes in the area?
Yes. At 1,800 square feet, it’s slightly above both the street average (1,723 sqft) and the neighbourhood average (1,622 sqft). Citywide, it’s in the top 17% for living area.
3. The year built is 1907—does that mean it has heritage status or special restrictions?
Not necessarily. The data shows it’s older than 89% of neighbourhood homes and 96% citywide, but year built alone doesn’t indicate heritage designation. Buyers should check municipal records for any heritage or zoning restrictions separately.
4. The land area seems small compared to city averages—is that typical for Wolseley?
Yes. The lot is 2,758 square feet, which is below the neighbourhood average (3,434 sqft) and well below the city average (6,570 sqft). On Walnut Street, it’s about average—ranked 47th out of 87 homes.
5. Would this property be a good candidate for renovation or expansion?
The living area is already generous, and the lot is on the smaller side, so adding square footage may be limited. But the gap between living area rank (high) and assessed value (low) suggests the interior condition or finishes may not match the size. A renovation that updates the existing space could be more realistic than an addition. Always verify with a contractor and local bylaws.