184 Walnut Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1907 home with 1,924 square feet of living space on a 2,335-square-foot lot, located on Walnut Street in the Wolseley neighbourhood. The property’s main strength is its interior size: it ranks in the top 13% city-wide for living area, comfortably above the local and city averages. The assessed value sits at $380,000, which is close to the neighbourhood and city medians—not a bargain, but not overpriced relative to comparables either.

The lot is notably small. It falls in the bottom 7% on its own street and the bottom 2% city-wide. This is a trade-off many buyers in established central neighbourhoods will recognize: you get more house per square foot of land, but outdoor space is limited.

The building’s age (1907) is older than the city average but typical for Wolseley, where many homes date from the early 1900s. The house has likely been maintained or updated to some degree, given that its assessed value holds steady against newer stock.

Who it suits: Buyers who prioritize interior space over yard size and who appreciate a walkable, character-rich neighbourhood like Wolseley. It may appeal to those looking for a larger family home without the land maintenance, or to someone who values proximity to downtown and the river while wanting more square footage than most condos or smaller houses offer. It is less suited to buyers needing a large garden, room for expansions, or a move-in-ready modern structure.

Frequently Asked Questions

1. How does the property compare to others on Walnut Street?
It is among the larger homes on the street (20th out of 87 for living area) but has a smaller lot than most. Its assessed value is close to the street average. In short: more house, less land, fair pricing.

2. Is the assessed value of $380,000 a reliable indicator of market price?
Assessed values are used for property tax calculations and are typically conservative. In a neighbourhood like Wolseley, market prices often run above assessment, especially for well-maintained homes. Comparable sales in the area would offer a clearer picture.

3. What does an older home like this require in terms of maintenance?
A 1907 home will likely have older systems—plumbing, electrical, foundation, windows, and insulation. While the assessment suggests it’s not in disrepair, buyers should budget for ongoing updates and inspections of major components. Character features are common but can also mean higher upkeep costs.

4. Why is the lot size so small compared to other homes in Wolseley?
This is typical for infill or re-divided lots in older, denser parts of the neighbourhood. Many original lots were subdivided decades ago. The trade-off is a smaller yard but a larger home in a central location with less outdoor maintenance.

5. How walkable is the location, and what amenities are nearby?
Wolseley is known for its walkability. Walnut Street is close to shops, cafés, parks, and the riverwalk. The property is well-positioned for those who prefer to walk or bike for daily errands, though specific distances to transit or grocery stores would need to be verified based on exact address.