510 Dominion Street – Property Summary

Key Characteristics & Buyer Profile

This 1909 home in Wolseley offers 1,865 square feet of living space on a 4,967-square-foot lot. Compared to other properties on Dominion Street, the home ranks in the top 9% for living area and the top 6% for land size. Its assessed value of $450,000 places it in the top 5% on the same street and top 17% within the neighbourhood.

What stands out here is the land-to-building ratio. The living area is generous, but the lot is unusually large for Wolseley—top 8% in the area—which is less common for older homes in this part of the city. That combination suggests potential for expansion, landscaping, or simply more outdoor space than most neighbours have.

The building itself is from 1909, which means it's older than most homes on the street (top 97% for age) and likely carries period details, but also the maintenance realities of a century-plus structure. The assessed value is notably above the neighbourhood average, reflecting the larger footprint and lot rather than necessarily modern finishes.

This property would suit buyers who value character, space, and location over turnkey convenience. It’s a strong fit for someone who wants a sizable home in an established neighbourhood, doesn't mind the quirks of an older house, and sees long-term value in the land. It may be less suitable for those seeking a low-maintenance, recently built home or a compact urban footprint.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
At $450,000, this home is assessed above the Dominion Street average of $286,200 and the Wolseley average of $371,300. It ranks in the top 5% on the street and top 17% in the neighbourhood, which aligns with its larger living area and lot size.

2. Is the 1909 build date a concern?
It's older than 95% of homes citywide, so systems like wiring, plumbing, and insulation may not be original or up to current standards. That said, many Wolseley homes from this era have been updated over time. A thorough inspection is advisable, but age alone doesn't indicate poor condition.

3. What makes the lot size notable?
The 4,967-square-foot lot is among the largest on Dominion Street (top 6%) and in Wolseley (top 8%). Citywide, however, it's average, since many newer suburban lots are larger. In an older, dense neighbourhood, this much land is a relative rarity and often holds its value.

4. What type of buyer typically looks at this property?
Buyers who appreciate pre-war character, want more indoor and outdoor space than typical Wolseley homes offer, and are willing to invest in upkeep. It's less likely to appeal to first-time buyers seeking something smaller and more modern, or to investors focused on low-maintenance rentals.

5. How does the living area compare to the neighbourhood norm?
At 1,865 square feet, the home is substantially larger than both the street average (1,126 sqft) and the Wolseley average (1,622 sqft). It ranks in the top 9% on Dominion Street and top 31% in the neighbourhood—meaning it's one of the roomier options in an area where smaller bungalows and two-storeys are common.