24 Arlington Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a compact home in Wolseley with 997 square feet of living space on a 2,697-square-foot lot. The house was built in 1920, placing it among the older homes in the neighbourhood, but its assessed value of $306,000 is notably above the street average of $247,200. The property ranks in the top 17% on Arlington Street for assessed value, which suggests it has been well maintained or updated relative to its immediate neighbours.

The appeal here is value within a desirable older neighbourhood. You get a home that’s smaller and on a modest lot compared to the Wolseley average, but with a price point that undercuts much of the area. The low living area ranks in the bottom 10% of the neighbourhood, so this is not a house for someone needing generous square footage. Instead, it suits a buyer who prioritizes location and character over space—perhaps a first-time buyer, a downsizer who wants to stay in Wolseley, or someone willing to trade interior room for a more affordable entry into the area.

The lot size is also significantly smaller than citywide averages (bottom 7% citywide), so there is limited outdoor space. But the street-level ranking shows it’s not out of place locally. This property works best for someone who values walkability, older-home charm, and a strong street-level value proposition, and who is comfortable with a compact layout.

Frequently Asked Questions

1. How does the living space compare to other homes nearby?
It’s about average for Arlington Street itself (ranking #285 out of 480), but well below the Wolseley neighbourhood average of 1,622 square feet. Citywide, it sits in the lower 26% for living area. The home is noticeably smaller than most in the broader neighbourhood.

2. Is the assessed value of $306,000 a good deal?
It’s above the street average ($247,200) by about 24%, meaning this house is valued higher than most on Arlington Street. However, it’s below the Wolseley average ($371,300) and the citywide average ($390,100). That places it as a relatively affordable option within the neighbourhood, but not a discount compared to its immediate street.

3. The lot is 2,697 sqft—is that small for the area?
Yes. It’s below average on Arlington Street (average 3,369 sqft), below the Wolseley average (3,434 sqft), and significantly smaller than the citywide average (6,570 sqft). It ranks in the bottom 25% locally and bottom 7% citywide. Expect a compact yard suitable for minimal gardening or outdoor seating, not expansive lawn space.

4. Why is an older home (1920) assessed higher than newer homes on the same street?
Age alone doesn’t determine value. A higher assessed value often reflects updates—renovated kitchen or bathroom, upgraded systems, or improved finishes. Since the house is older than many on the street (built 1920 vs. street average of 1928) but valued above them, it suggests the property has been invested in rather than left original.

5. Who would this property not be right for?
Anyone needing large interior rooms, a big yard, or a newer build will likely find it too cramped or outdated. It’s also not ideal for someone seeking a turnkey modern home without older character. Buyers who want to be in Wolseley but need 1,200+ square feet or a lot over 3,000 sqft should look elsewhere on the street or in the neighbourhood.