513 Manchester Boulevard N – Property Summary

Key Characteristics & Buyer Profile

This is a 1,152 sqft home built in 1947 on a 5,123 sqft lot, currently assessed at $381,000. Its most notable feature is its age and location within the older Wildwood neighbourhood, where it ranks in the top 19% for older construction. The house itself is around average for its street and the city in terms of living area and assessed value, but it sits on a lot that is significantly smaller than the neighbourhood average of 9,032 sqft.

The appeal here is subtle but real. The property offers a foothold in an established, likely mature-tree-lined area without paying a premium for a large lot or a fully renovated interior. The assessed value is below the neighbourhood average by nearly $187,000, which reflects a more modest home in a pricier context. That gap could represent opportunity—either a lower entry point into a desirable pocket of the city, or a chance to add value over time. However, the small lot and older construction may limit major expansions, so this is not a blank-slate redevelopment play.

This property would suit a buyer who values neighbourhood character and stability over square footage or a large yard. Likely candidates include someone looking for a manageable single-family home in a well-established area without overextending financially, or an owner-occupier who appreciates older homes and is willing to work with the existing footprint. It is less suitable for anyone seeking a large lot, modern open-plan living, or a property with strong upside for subdivision or major addition. The data suggests this is a solid, unflashy home in a good location—not a showpiece, but a functional place with decent citywide value relative to its street.

Five Possible FAQs

1. How does this home compare to others on the same street?
It sits right around the middle. It ranks 30th out of 44 homes for both living area and land area, and 29th for assessed value. The street average for assessed value is $429,600, so this home is about $48,600 below that. It is not out of step with its immediate neighbours, but it is on the more modest side for the block.

2. Is the small lot a problem?
That depends on what you want. The lot is 5,123 sqft, which is nearly 4,000 sqft smaller than the Wildwood neighbourhood average. If you are hoping for a deep backyard, room for a garden shed, or future expansion, this lot will feel tight. But if you prefer lower maintenance and less yard work, it is perfectly functional. It is not unusually small for the city overall—it ranks near the median citywide.

3. Why is the assessed value so much lower than the neighbourhood average?
Wildwood is an area with many larger, more expensive homes. The neighbourhood average assessed value is $568,200, so this home sits well below that. This likely reflects a combination of its smaller living area, older construction without major updates reflected in the assessment, and a modest lot. For a buyer, this means you are paying for the location without paying for a top-tier house.

4. What does “year built 1947” mean practically?
It is one of the older homes in the area—ranked 17th out of 44 on the street—and older than 76% of homes citywide. That can mean original character, solid construction materials not common in newer builds, but also potential issues with insulation, wiring, plumbing, or layout. It is worth assuming you will need to budget for updates unless recent work has been done. A thorough inspection is wise.

5. Is this a good investment?
That depends on your goal. The assessed value is below both the street and neighbourhood averages, and the lot is small, so there is less raw land value here than in many Wildwood properties. However, being in an older, desirable neighbourhood with a price below the local median could offer stability and modest appreciation over time, especially if you improve the home itself. It is not a high-flip candidate, but for steady, long-term ownership, the numbers are reasonable.