Property Overview & Key Characteristics
This one-and-a-half storey home in Deer Lodge presents a compelling mix of established character and modern practicality. Its key appeal lies in a recently renovated basement, a detached garage, and a lot size that is very typical for the area. The home’s assessed value stands out as notably above average for both its immediate street and the wider Deer Lodge neighbourhood, suggesting it is well-positioned within the market.
The property would suit a buyer looking for a move-in-ready home in a mature, established area who values functional updates over a large footprint. It’s ideal for small families, couples, or downsizers seeking a manageable space with the benefit of a modernized lower level for extra living or recreational space. A thoughtful perspective is that while the living area is modest, its efficient layout and finished basement effectively expand the usable space. Additionally, its elite ranking for year built on its street indicates it is among the newer homes in that specific cluster, which can be an advantage for systems and structure within an older neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in May 2021 for $380,000. Its current assessed value is $371,000, which is considered above average for the area, indicating its official valuation has remained strong and in line with that recent sale.
2. Is the lot size a disadvantage?
At just under 5,600 sqft, the lot is slightly below average for Guildford Street but is very typical for Deer Lodge overall. It provides standard backyard space for the neighbourhood without the extensive maintenance of a much larger lot.
3. What does the "elite" ranking for year built mean?
Built in 1950, this home is among the top 5% newest houses on its own street. This means that, while the neighbourhood is mature, many immediate neighbouring homes are older, which can sometimes mean this home benefits from slightly newer construction techniques and materials.
4. Is the living space sufficient for a family?
With 1,255 sqft above grade plus a renovated basement, the total functional living space is generous. The layout of these one-and-a-half storey homes often places bedrooms upstairs, offering good separation from the main floor living areas.
5. What is the context for the earlier sale in 2021?
The property sold for $250,000 in January 2021, just four months before its $380,000 sale. This significant increase likely reflects the rapid market appreciation of the time and substantial value-adding renovations, possibly including the basement renovation noted in the listing.