461 Telfer Street S – Property Summary
Key Characteristics & Buyer Profile
This is a 1,394 sqft home on a 2,413 sqft lot, built in 1911 and assessed at $361,000. Its main strength is value relative to the street: it ranks in the top 11% for assessed value on Telfer Street, despite being close to the citywide average. That suggests you’re getting more house for the money compared to immediate neighbours. The living area is also above average for the street (top 23%), though the lot is below average—both for the street and the neighbourhood.
The appeal here is specificity. It’s not a standout across all metrics, but it punches above its weight in its immediate context. The house is older (1911), which puts it in line with the Wolseley neighbourhood average but well below newer citywide builds. Buyers who value character, established streets, and a compact lot (less upkeep) will find this more appealing than those seeking a large yard or a newer structure. It suits someone who wants an above-average interior space on a manageable piece of land, in a neighbourhood where older homes are the norm, not the exception.
Five Possible FAQs
1. How does the lot size compare to other homes in Wolseley?
It’s below average. The lot is 2,413 sqft, while the neighbourhood average is 3,434 sqft. It ranks in the bottom 14% locally, so yards here tend to be smaller than typical for the area.
2. Is the assessed value reasonable for what the house offers?
At $361,000, the assessment is above the street average ($293,100) but slightly below the Wolseley average ($371,300) and the citywide average for comparable homes ($390,100). It’s priced competitively relative to the broader market, especially given the above-average living area.
3. What does the 1911 build mean in practical terms?
It’s older than most homes citywide, but not unusually old for Wolseley—about half the homes in the neighbourhood are from a similar era. Expect original construction details, potential for knob-and-tube wiring, and possibly plaster walls. Renovation history matters more than the build year itself; worth confirming updates.
4. How does this home rank for living space compared to nearby properties?
It’s above average on its street (top 23%, with 1,394 sqft versus the street average of 1,140 sqft) but around average for the neighbourhood and city. You get more square footage than most of your immediate neighbours, but not unusually much for the broader area.
5. Who is this home not right for?
It may not suit buyers looking for a large lot, a newer build with low maintenance, or a home that ranks high across all categories. If you prioritize yard space or a move-in-ready modern structure over interior square footage and street-level value, this property would likely feel like a compromise.