453 Greenwood Place – Property Summary

Key Characteristics & Buyer Profile

This is a 1909-built home in Wolseley with 1,750 sq. ft. of living space on a 3,966 sq. ft. lot. Its assessed value is $455,000.

The property’s strengths are clear from the rankings. The living area is above average both on its street (top 21%) and citywide (top 19%), while the assessed value ranks even higher—top 7% on Greenwood Place and top 16% in the neighbourhood. That suggests a home that has been well-maintained or updated relative to its peers. The lot size, however, tells a more nuanced story: it’s smaller than typical for this street (top 79%) but larger than average for Wolseley (top 16%). So you get a yard that feels generous for the area, without the upkeep of a bigger property.

Where the trade-off shows is the age. Built in 1909, this home is older than nearly all others on the street (top 97%) and most in the city (top 95%). That means character, established trees, and likely solid bones—but also the realities of an older house: possible retrofits, maintenance history to review, and systems that may need attention sooner than a newer build.

This property would suit a buyer who values space and location over turnkey convenience. Someone who appreciates older neighbourhoods, is comfortable with a home that has history, and is willing to invest time (and possibly money) into preserving or improving it. It’s less ideal for someone who wants a low-maintenance, modern home on a large suburban lot.

Frequently Asked Questions

1. How does the lot size compare to other homes in Wolseley?
The lot is above average for the neighbourhood—ranking in the top 16%—but below average for Greenwood Place specifically. So it’s a good-sized yard by local standards, just smaller than the biggest lots on this particular street.

2. Is the assessed value likely to increase?
The $455,000 assessment already places it in the top 7% on the street and top 16% in Wolseley. Future value will depend more on condition and updates than on catching up to peers. The home is already valued well above the neighbourhood average of $371,300.

3. What should I look out for with a 1909 home?
Systems age. Expect to check the electrical, plumbing, roof, and foundation carefully. An older home in this price range may have been updated in some areas but not others. A thorough inspection is worth the cost—older homes often hide surprises behind good finishes.

4. How does this property compare to newer homes in the same price range?
You get more living space (1,750 sq. ft.) than the citywide average for comparables (1,342 sq. ft.), and a location in an established neighbourhood with character. Newer homes at this price point will likely have smaller rooms, less detail, and a different kind of maintenance—but they’ll come with modern insulation, wiring, and warranties.

5. Is the neighbourhood (Wolseley) a good fit for families or investors?
Wolseley is known for its mature trees, walkable streets, and older homes with character. It attracts buyers who want community feel and proximity to the river and downtown. For investors, the above-average lot size and living area relative to the neighbourhood could support renovation upside, but the age adds risk. It’s more of a long-term hold than a quick flip.