243 Arlington Street – Property Summary

Key Characteristics & Buyer Profile

This single-family home at 243 Arlington Street offers a distinctive mix of attributes that stand out in the Wolseley neighbourhood. The living area is the property’s strongest feature: at 2,102 sqft, it ranks in the top 3% on its street and top 8% citywide. That translates to more interior space than most comparable homes in the area, which average around 1,163 sqft on Arlington Street itself. The lot is a moderate 3,313 sqft—close to average for the street and neighbourhood, though smaller than typical citywide lots.

The trade-off comes in the assessed value and year built. The home is assessed at $200,000, which sits well below the street average ($247,200) and significantly below the Wolseley neighbourhood average ($371,300). It also dates to 1909, making it older than most homes on the street, in the neighbourhood, and across the city. For buyers, that lower valuation can be a practical entry point into a desirable area, but it also suggests the property may need updating or has not seen the same level of investment as its neighbours.

The appeal here is about space over polish. This home suits buyers who prioritize interior square footage—whether for a growing family, a home-based business, or simply room to spread out—and are comfortable taking on a home with an older character. It may also attract investors or first-time buyers looking for a larger footprint in an established central neighbourhood without paying a premium for recent renovations. Wilcox, the neighbourhood’s mature tree-lined streets and proximity to the river, are part of the draw, but the property itself rewards someone willing to look past cosmetic age and put their own effort in.

FAQs

1. Why is the assessed value so much lower than the neighbourhood average?
The neighbourhood average ($371.3k) includes many updated or larger homes. This property’s $200k assessment likely reflects its older construction and potentially fewer modern upgrades compared to others in Wolseley. Keep in mind that assessed value isn’t always the same as market value—it lags behind and doesn’t capture recent improvements.

2. How does the lot size affect usability?
The lot is about 3,313 sqft, which is typical for Arlington Street and Wolseley. It’s not oversized, but it’s also not cramped. For a home of this age, that usually means a manageable yard without extensive upkeep. If you’re hoping for a large garden or expansion, you may want to check local zoning and setback rules.

3. Is the year built (1909) a concern for maintenance?
It depends on what’s been done since. Many homes from this era in Wolseley have had updated wiring, plumbing, insulation, or foundations. The lower assessment could suggest these haven’t been fully addressed. It’s wise to get a thorough inspection focused on the roof, electrical system, and basement moisture. Old homes often have charm, but they need ongoing care.

4. How does this property compare to others currently for sale in Wolseley?
It’s likely one of the more affordable options by both list price and assessed value, given its ranking in the bottom 1% for assessment within the neighbourhood. However, it offers significantly more living space than many comparably priced homes nearby. That combination is rare, so it may appeal to someone balancing budget with square footage.

5. Would this property be a good rental investment?
Possibly. The strong living area and below-average assessment could mean lower property taxes relative to size. The older construction may attract tenants who value character and space over new finishes. However, maintenance costs on a 1909 home can eat into returns. Compare the potential rent for a 2,102 sqft unit in Wolseley against your estimated carrying costs and repair reserve.