Key Characteristics and Buyer Profile

This 1912 home in Wolseley offers a sizable 1,889 sq. ft. of living space, which is well above average for the city (top 14%) and the neighbourhood. Its assessed value of $503,000 places it in the top 4% of homes on Lenore Street and top 10% in Wolseley, indicating a high-value property within a desirable, established area. The land is on the smaller side at 2,583 sq. ft., which is below average for both the street and the community—so the appeal here is the house itself, not a large yard.

The property suits buyers who prioritize interior space, character (it’s an older home, older than the city average but consistent with the neighbourhood’s vintage), and a strong asset in terms of assessed value. It’s less ideal for someone wanting a big lot or a newer, low-maintenance build. The kind of buyer here is likely someone who values Wolseley’s walkability, mature streets, and period architecture over sprawling land or a completely modernized floor plan. That said, the high assessment relative to the street suggests this home has been well-maintained or upgraded.

Five Common Questions

1. Is the assessed value a reliable guide to market price?
   Assessment values are based on municipal data and trends, not a direct appraisal. In a competitive market like Wolseley, the actual sale price can be higher or lower depending on condition, updates, and demand. This home’s top-tier ranking on the street suggests strong relative value, but a professional home inspection and recent comparable sales analysis are recommended.

2. Why is the land area so small compared to other Wolseley homes?
   Many properties in this neighbourhood were built on larger lots, but this one sits on a 2,583 sq. ft. parcel—below the street and community averages. This is typical for some older infill or narrower lots. It means less outdoor upkeep, but also less space for gardens, parking, or expansions.

3. How much work does a 1912 home typically need?
   Older homes often have solid construction but may require updates to plumbing, electrical, insulation, and windows. Since this house ranks in the top 10% for assessed value in Wolseley, it likely has had significant improvements, but you should verify the age of the roof, furnace, and windows. A pre-purchase inspection is essential.

4. Is Wolseley a good neighbourhood for families or downsizers?
   Yes—for different reasons. Families appreciate the mix of older homes, proximity to parks, and community feel. Downsizers may like the smaller lot and walkable access to shops and transit. The home’s larger interior square footage gives flexibility, but the compact yard is a trade-off for those used to more outdoor space.

5. How does this home compare to others on Lenore Street?
   It’s among the top in assessed value (5th out of 118) and above average in living area (39th). Its land and age are fairly typical for the street. So, you’re getting a home with above-average size and value in a street that’s already desirable in Wolseley, but not an unusually large or newly built property.