Key Characteristics & Buyer Profile
This is a 1912 home with 1,243 sq ft of living space on a 3,050 sq ft lot in Wolseley. Its appeal lies in its land-to-house ratio: the lot is larger than typical for Ruby Street (ranking in the top 15%), even though the house itself is on the smaller side for both the street and the neighbourhood. For Wolseley, where lots average 3,434 sq ft, this property offers more outdoor space relative to its interior footprint.
The assessed value sits slightly above the neighbourhood average, reflecting the land's weight. The home’s age (1912) is typical for the area, meaning it likely shares the character and bones of its neighbours, but may also require the upkeep common to century-old houses.
This property suits buyers who prioritize a usable yard over a large floor plan—people who want outdoor space in a mature, walkable neighbourhood without paying for square footage they won’t use. It’s less suited to someone looking for a move-in-ready, low-maintenance newer build, or a family needing a lot of interior room.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
It’s smaller than the average for Ruby Street (1,686 sq ft) and Wolseley (1,622 sq ft), but closer to the city-wide average (1,342 sq ft). You’re getting less indoor space than most neighbours, but more land than typical on this street.
2. Is the assessed value (for tax purposes) in line with the market?
The assessment of $407,000 is slightly above the street average and the neighbourhood average. The city-wide average is $390,000, so this property is assessed a bit higher than typical, likely due to a larger-than-average lot.
3. What should I know about a house built in 1912?
The home is older than the city-wide average (1966), but typical for Wolseley. Older construction often means solid materials (like old-growth lumber) but also potential issues with wiring, plumbing, insulation, and foundations. A thorough inspection is recommended.
4. How does the lot size affect my options?
At 3,050 sq ft, the lot is generous by street standards but below the city average (6,570 sq ft). In a dense, mature neighbourhood like Wolseley, that extra outdoor space is a genuine asset—especially for gardening, entertaining, or storage—but it won’t allow for major expansion without variance.
5. Who typically buys in Wolseley?
Wolseley attracts a mix of first-time buyers, professionals, and downsizers who value walkability, older character homes, and established tree-lined streets. It’s less common for families wanting new construction or large, open-concept layouts.