Property Overview
This one-and-a-half storey home on Overdale Street in Deer Lodge presents a distinct blend of classic character and modern practicality. Its key appeal lies in a generous, above-average lot size of over 6,000 sq ft, offering valuable outdoor space in a mature neighbourhood. While the 1,375 sq ft living area is modest for the immediate street, it is notably above average for the wider Deer Lodge area. A recently renovated basement adds functional living space. The home’s assessed value ranks exceptionally high within Deer Lodge, suggesting it is viewed as a premium property in its local market. Built in 1919, it is a century-old home that will appeal to buyers who appreciate established neighbourhoods, larger yards, and the potential of a character home, rather than those seeking a new, low-maintenance build. It suits a buyer looking for a solid investment in a desirable pocket of Deer Lodge, with the space for gardening, family play, or future expansion, and who is prepared for the upkeep of an older home.
Frequently Asked Questions
How does the home’s size compare to others in the area?
While the living space is slightly below the average for homes on Overdale Street itself, it is actually in the top 25% for size when compared to all homes in the Deer Lodge neighbourhood, making it a more spacious option in the broader community context.
What does the high assessed value ranking mean?
The assessment ranks in the top 2% for Deer Lodge, which is an "Elite" standing. This typically indicates the municipal assessment views the property very favorably compared to its neighbours, often due to factors like lot size, renovations, or overall condition, which can be a positive signal for value.
Is the older age of the home (1919) a concern?
The home is notably older than most in the city, ranking in the bottom 15% for year built. This means prospective buyers should budget for and expect the maintenance needs common to century-old houses, such as potential updates to plumbing, electrical, or the foundation, while also appreciating the character that comes with it.
How has the property’s value changed?
The home sold for $34.3k in 2019 and then for $46.5k in 2021, showing significant appreciation in a short period. This recent sale history is a critical data point for understanding current market expectations.
What is the significance of the lot size?
The land area is a key feature, ranking in the top 10% within Deer Lodge. A lot of over 6,000 sq ft is a substantial asset, offering more privacy, green space, and potential for outdoor enjoyment or future projects than is typical for the area.