258 St George Road – Property Summary

Key Characteristics & Buyer Suitability

This property stands out primarily for its generous land area and strong relative value. The lot measures 10,980 square feet—placing it in the top 5% citywide and 3rd largest on its street. The 1,982-square-foot living area is also well above street and neighborhood averages, ranking in the top 8% locally and top 3% within Worthington. Built in 1979, the home is newer than most comparable properties on the street (median 1965) and in the wider neighbourhood (median 1962). Its assessed value of $496,000 is significantly higher than the street average of $343,500, reflecting both the size advantage and desirability of the location.

The appeal lies in the combination of a large, usable lot with a solid, above-average home in an area where both land and living space are typically smaller. For buyers who prioritize outdoor space, room for additions, or simply a buffer from neighbours, this lot is a rare find. The property also benchmarks strongly for value: it’s ranked in the top 4% by assessed value within Worthington, suggesting strong equity potential over time. That said, the assessed value likely includes land appreciation, meaning the house itself may be less updated than some comparables. Buyers should budget for possible interior improvements, especially if they expect finishes typical of a newer build.

This home suits a long-term homeowner or investor who values landholdings and is comfortable with a 1970s structure. It may also appeal to families looking for a spacious lot in an established neighbourhood, or to buyers who want a property that stands out in resale metrics rather than cosmetic condition. It is less suited to someone seeking a move-in-ready modern home with premium finishes, unless they plan renovations.

Frequently Asked Questions

1. How does this property compare to others in Worthington?
It ranks in the elite tier for living area (top 3%) and assessed value (top 4%), and above average for land area (top 21%). The home is also newer than most in the neighbourhood. It’s a strong performer across the board, especially on size and value metrics.

2. Is the assessed value of $496,000 realistic or inflated?
Compared to the street average of $343,500, it’s high. But that gap reflects the larger lot and living area, both of which are significantly above street and neighbourhood norms. The ranking suggests the assessment is consistent with comparable properties, though it may be driven more by land value than house condition.

3. What should I know about a home built in 1979?
It’s newer than the typical home on the street (1965) and in the wider area (1962), meaning systems like plumbing, electrical, and foundation may be in better shape than older stock. However, 1979 still means the home is over 40 years old. Roof, windows, HVAC, and insulation should be checked carefully, as mid-late 20th century builds often lack modern energy efficiency.

4. How usable is a 10,980 sqft lot in this area?
It’s rare. The street average is 6,227 sqft, and the neighbourhood average is 7,831 sqft. This lot is nearly double the street average. That gives room for gardens, a shop, a large deck, or potential future subdivision (subject to zoning). It also means more maintenance and potentially higher property taxes.

5. What type of buyer should avoid this property?
Buyers looking for a turnkey, low-maintenance home with updated interiors and high-end finishes may find the house dated. Also, those who prioritize location over lot size—or who want a compact, easy-care yard—might be better served by a smaller property in the same area.