Property Summary: 536 Greenwood Place

Key Characteristics & Buyer Profile

This 1910-built home on Greenwood Place offers 1,327 square feet of living space on a 4,093-square-foot lot. Its assessed value is $395,000. Compared to other properties on the same street, the home sits in the top 30% for living area and top 23% for assessed value—both above the street average. The lot size is notably generous for the Wolseley neighbourhood, ranking in the top 13% locally, though it falls below the citywide average.

Where the property stands out most is its lot. In a neighbourhood like Wolseley, where older homes often sit on compact plots, this one offers more breathing room without being oversized or hard to maintain. The living area is respectable for a home of this era, but the building itself is older than most on the street and the city at large—ranking in the oldest 10% on Greenwood Place. That means a buyer should expect character details and solid bones, but also the potential for updates.

This home would suit someone who values older neighbourhood character—mature trees, walkable streets, and a strong sense of place—and who is willing to invest time or money into maintenance and upgrades. It may appeal less to buyers looking for a turnkey modern home or those who prioritize newer construction and lower upkeep. The combination of a strong street-level value ranking and a large lot for the area suggests there’s room for sweat equity or future expansion, depending on zoning and buyer appetite.

Five Possible FAQs

1. How does this home compare to others in Wolseley?
It’s middle-of-the-pack for living area (top 68%) but above average for lot size (top 13%) and assessed value (top 31%). The build year is close to the neighbourhood average of 1916, so it fits the typical age profile for the area.

2. Is a 1910 home likely to need significant repairs?
It depends on how well previous owners maintained it. Homes of this age often require updated electrical, plumbing, or insulation. A thorough home inspection is advised. That said, many century homes in Wolseley have been well cared for, and the structure itself is often built to last.

3. What does the assessed value of $395,000 mean in practice?
It’s used to calculate property taxes and reflects the city’s estimate of market value. Being above the street average suggests the home is seen as holding its value relative to nearby properties, but actual sale price will depend on condition, buyer demand, and current market conditions.

4. Why is the lot size considered a strength when it’s below the city average?
Citywide averages include newer suburbs with larger yards. Within Wolseley, where land is tighter and lots are often under 3,500 square feet, this property’s 4,093-square-foot lot is well above the local norm, offering more outdoor space than most neighbours while still being part of a mature, established block.

5. What kind of buyer typically looks at a home like this?
Often it’s someone who appreciates older architecture, walkable neighbourhoods, and a sense of community. They may be willing to take on a fixer-upper or a home that’s been partially updated. First-time buyers with renovation skills, or downsizers looking for character over perfection, are also common in this segment.