160 Langside Street – Property Summary

Key Characteristics & Buyer Profile

This is a large, early-20th-century home (built 1907) with standout metrics across several categories. The living area is 2,794 square feet—placing it in the top 2% on its street and citywide. The assessed value of $540,000 is similarly elite at the street and neighbourhood level (top 1% and top 2%, respectively), though it sits slightly above average citywide. Land is generous at 5,030 square feet, ranking top 2% on the street, though more typical citywide.

The property’s appeal lies in its combination of rarity and scale. Within West Broadway, it offers a level of interior space and lot size that most nearby homes don’t match. That said, the year built (1907) places it among the oldest homes citywide, which means character and potential heritage value—but also likely maintenance considerations.

This property would suit a buyer who values substantial square footage and a large lot in an established central neighbourhood, and who is comfortable with an older home. It’s less suited for someone seeking a turnkey newer build or a low-maintenance property. Given its street-level ranking, it may also appeal to someone who wants a standout property on a specific block.

Frequently Asked Questions

1. How was the assessed value of $540,000 determined, and how does it compare to similar homes?
The assessed value is based on the property’s market value as estimated by the city. On Langside Street, this home ranks #3 out of 245 comparable properties (top 1%), with the street average at $225,200. In the West Broadway neighbourhood, it ranks #8 out of 348 (top 2%), where the average is $295,400. Citywide, it sits in the top 14%, with the average for comparable homes at $390,100.

2. Is a 1907 home likely to have significant maintenance or renovation needs?
Yes, older homes often require ongoing attention to systems like electrical, plumbing, insulation, and roofing. That said, being in the top 20% of year-built on the street suggests that many nearby homes are similarly aged, so local trades may be familiar with the era. Buyers should budget for a thorough inspection and consider that older construction can offer higher-quality materials (e.g., old-growth lumber) that newer homes lack.

3. How does the land area of 5,030 sqft compare to others in the area, and what does that mean for outdoor space?
On Langside Street, this lot is in the top 2% of land area, where the average is 2,655 sqft—so it’s nearly double the typical lot. In the neighbourhood, it’s above average (top 17%), though citywide it’s more typical. This means more room for gardens, parking, or expansion, but also more yard maintenance compared to nearby homes.

4. What does “comparable homes” mean in the property’s ranking data?
The city groups properties by characteristics like zoning, type (single-family, duplex, etc.), and location. The averages shown are rough medians for homes that are considered similar to 160 Langside Street within each scope (street, neighbourhood, city). Rankings compare this property against all others in that group.

5. Is this property a good investment for someone looking at resale or rental potential?
That depends on market trends and your goals. Its rare size and lot position it as a standout in the immediate area, which can be an advantage for resale. However, the assessed value is already high relative to the neighbourhood average, so future appreciation may depend on broader demand in West Broadway. For rental, the large living area could suit multi-unit conversion or a family rental, but local zoning and condition would need to be verified.