59 Worthington Avenue – Property Summary

Key Characteristics & Profile

This property is defined by an unusually large land area relative to its modest living space and older construction. The lot measures 17,029 square feet, placing it in the top 2% citywide, top 2% in the Worthington neighbourhood, and top 3% on its own street. In a city where the average comparable lot is roughly 6,570 square feet, this is an outlier—nearly three times that size.

The house itself is 1,392 square feet, which is above average for both the street and the neighbourhood (top 17% and top 13%, respectively), but slightly below the citywide average of 1,342 square feet. It's a solid, not oversized, interior. Built in 1922, it's among the older homes in the area—older than 94% of homes on Worthington Avenue and 92% in the neighbourhood. The assessed value is $308,000, which is around average relative to its immediate surroundings but well below the citywide average of $390,000.

Where the appeal lies: The value here is in the land, not the structure. For someone who values outdoor space, gardening, privacy, or future expansion potential, this lot offers something rare in a city context. The house itself is liveable but dated, meaning a buyer willing to renovate or rebuild could create substantial equity. The assessed value is moderate, suggesting the price may reflect the older home rather than the land's potential.

Who it would suit: Buyers with a long-term perspective—someone looking to renovate a character home with space to spread out, or someone willing to tear down and build new without moving to a suburban subdivision. It may also appeal to those who simply want a large yard in a central neighbourhood and don't require a modern interior. Not ideal for someone wanting move-in-ready, low-maintenance, or modern finishes.

Frequently Asked Questions

1. Is the house in good condition?

The data does not include inspection details, but the 1922 build suggests original or updated systems are likely. Buyers should budget for a thorough inspection of foundational, electrical, plumbing, and roof conditions, expected with a home of this age.

2. Can I build an addition or a second home on this lot?

With 17,029 square feet, zoning and setbacks permitting, a large addition or secondary dwelling might be feasible. However, this depends entirely on local zoning bylaws and permits. A buyer should verify with the city's planning department before assuming.

3. How does the assessed value compare to similar-sized lots nearby?

Most homes on Worthington Avenue and in Worthington have far smaller lots, so direct comparisons are limited. The assessed value is typical for the street and neighbourhood, which likely reflects that the house itself, not the land, is being valued conservatively.

4. Why is the land value not fully reflected in the assessed price?

Assessed values often lag behind market potential, especially for properties where the structure is older or smaller than the land warrants. The city's assessment may not fully capture the premium a large lot commands in a competitive market, particularly if recent sales of similar-sized lots are scarce.

5. What are the risks of buying an older home on a large lot?

The main risks: aging infrastructure (foundation, wiring, plumbing, roof), potential environmental concerns on a larger property (soil quality, drainage), and higher maintenance for both the house and extensive grounds. Renovation costs can also be unpredictable. However, these risks are offset by the scarcity of land in a desirable neighbourhood and the flexibility it provides.