Key Characteristics & Buyer Profile
This is a 1,923 sqft home built in 1909 on Arlington Street in the Wolseley neighbourhood. Its standout feature is its living space. On a street where the average comparable home is 1,163 sqft, this property is ranked in the top 5%. It offers significantly more interior room than most homes in its immediate vicinity. The assessed value of $509,000 also reflects this premium size, ranking in the top 2% on the street and top 9% within the neighbourhood.
The lot is 3,313 sqft, which is around average for Arlington Street and the Wolseley area but well below the citywide average for comparable homes. The home is older (1909), placing it in the bottom quarter of properties on the street and neighbourhood in terms of year built.
The appeal lies in getting a large interior footprint in a central, established neighbourhood. For buyers, the main trade-off is between generous indoor square footage and an older building with a relatively modest lot. This property would suit someone who prioritizes interior space and room count over a large yard or a newer structure. It is less suited for buyers seeking a modern build or a deep, private lot. The value is in the house itself, not the land it sits on.
Five Possible FAQs
1. How does the assessed value compare to similar-sized homes in Wolseley?
The assessed value is well above both the street average ($247,200) and the neighbourhood average ($371,300). This aligns with having nearly double the living area of a typical Arlington Street home. The high ranking (top 2% on the street, top 9% in the neighbourhood) confirms it is one of the most valuable properties in the area, largely driven by its size.
2. Is the 1909 construction date a concern?
It is older than most homes on the street (street average is 1928) and significantly older than the citywide average (1966). A home of this vintage likely has original systems or may have been updated over time. A thorough home inspection would be essential to understand the condition of the foundation, wiring, plumbing, and roof. The age is a factor, but it is not unusual for Wolseley, which has many older character homes.
3. How does the lot size impact the property's value or use?
The lot is average for Arlington Street (3,369 sqft average) and the Wolseley neighbourhood (3,434 sqft). However, compared to the citywide average for comparable homes (6,570 sqft), it is considered small. This means less outdoor maintenance but also limited space for additions, a large garden, or a garage. The value is concentrated in the house itself, not in expandability on the land.
4. How does this home compare to others in Wolseley overall?
In Wolseley, this home ranks in the top 26% for living area and the top 9% for assessed value. It is larger and more valuable than most homes in the neighbourhood, but it is also older (bottom 21%). The lot size is near the middle of the pack (top 35%). It is a standout for interior space but average or below average for land and age.
5. What kind of renovations or updates might be expected for a 1909 home?
Without specific disclosure, common updates in homes of this era include electrical systems (knob-and-tube wiring), plumbing (galvanized pipes), and insulation. Windows and the roof are also typical areas for replacement. A buyer should budget for potential system upgrades, especially if the home has not been substantially renovated in the last 20–30 years. The high assessed value may already reflect some updates, but this should be verified.