Property Overview
This one-and-a-half storey home on Sackville Street in Deer Lodge presents a distinct profile. Built in 1912, it is notably older than most area homes, yet it sits on a lot size that is above average for its immediate street. With 950 square feet of living space and a renovated basement, it offers compact, efficient living. The assessed value is significantly below average for both the street and the neighbourhood, indicating a potentially accessible entry point into the market. Its appeal lies in its character, its generous lot for the location, and its value proposition for a specific buyer. This home would suit a first-time buyer, an investor, or someone looking to downsize who appreciates older homes and is prepared for the realities of a century-old property. It’s less suited for those seeking modern square footage or who prefer a home that requires no immediate updates.
Key Considerations & FAQs
1. What does the below-average assessed value really mean?
While it suggests a lower property tax burden and an affordable purchase price, it often reflects the home's age, smaller size, and potentially the need for updates beyond the renovated basement. It's a financial advantage that may come with maintenance considerations typical of a 114-year-old house.
2. How significant is the lot size?
The land area is a standout feature for this street. For the right buyer, this offers valuable outdoor space for gardening, entertaining, or future expansion that is uncommon on the block, providing a sense of privacy and potential not reflected in the living area alone.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify it as a legal suite. Buyers should verify the work done, whether it includes a separate entrance, and if it meets current code requirements for rental or extended family use.
4. What are the implications of being the oldest home on the street?
This character comes with trade-offs. You may find charming original details, but also anticipate systems (like plumbing or electrical) that may need attention, and energy efficiency that likely falls below modern standards. A thorough inspection is essential.
5. How does the sale history inform the current value?
The home sold in 2020 and 2017, each time at a price point well below area averages. This pattern reinforces its role as a value-driven property in the area, but also suggests its market niche is specific. Understanding why previous owners sold after relatively short periods could be insightful.