Property Overview
This one-and-a-half storey home on a quiet street in Deer Lodge presents a practical opportunity with specific character. Built in 1949, it is notably newer than most on its block, offering a potential advantage in foundational upkeep. The 1,046 sqft living space is compact, ranking below average for the immediate street, but it sits on a generously sized 5,609 sqft lot that provides ample outdoor space relative to the neighbourhood. A key feature is the renovated basement, adding functional living area. The home’s assessed value is modest for the city, suggesting an accessible entry point into a mature, established community.
Its appeal lies in its efficiency and lot size. It suits a first-time buyer, a downsizer, or an investor looking for a manageable property with a solid foundation and outdoor potential without a premium price tag. The value proposition is grounded: you’re trading some interior square footage for a larger, private yard in a neighbourhood of older homes, with the benefit of a more recent build date and a modernized lower level.
Frequently Asked Questions
1. How does the home’s size compare to the area?
The living space is somewhat smaller than the average home on Moorgate Street itself, but is generally in line with the broader Deer Lodge neighbourhood average. The trade-off is a lot size that is above average for the area, offering more outdoor space.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, and legal compliance should be verified with the listing agent. It represents added functional space beyond the main floor square footage.
3. Is the assessed value a reliable guide for the sale price?
The assessed value of $300k is a municipal tax valuation. The last known sale was in December 2021 for $325,000. Current market conditions will ultimately determine the sale price, so recent comparable sales in Deer Lodge are a more accurate guide.
4. What are the implications of the 1949 build date?
While an older home, it is actually one of the newer houses on its specific street. This can be positive, potentially indicating less wear on core components like plumbing and electrical compared to neighbouring homes built decades earlier. Still, a thorough inspection is essential.
5. Who would this property not suit?
Buyers seeking a large, open-concept interior or modern, move-in-ready finishes throughout may find the layout and size limiting. It’s best suited for those who value lot size and location over expansive indoor living areas.