Property Overview
This one-and-a-half storey home on Albany Street in Deer Lodge presents a distinct profile. Its key characteristic is a notable size advantage in its immediate area, offering 1,150 sqft of living space, which is above average for Albany Street. This is balanced by its 1912 vintage, an unrenovated basement, and an assessed value significantly below local and city-wide averages. The lot is a manageable 2,923 sqft, typical for the street but smaller than many in the wider neighbourhood.
Its appeal lies in its potential. The below-average assessment, combined with solid living space for the street, suggests an opportunity for a buyer willing to take on updates over time. It suits a practical first-time buyer, an investor looking for a character property with room to add value, or someone seeking a home in a mature neighbourhood without a premium price tag. A less obvious perspective is that its older construction and simpler finishes might appeal to those wary of the hidden issues sometimes found in quick, modern renovations.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's specific attributes, including its age (1912), the unrenovated condition of the basement, and the absence of features like a garage. It reflects the home's current state rather than potential, placing it well below averages for newer or updated homes city-wide.
2. What does "above average living area for the street" mean practically?
Compared to other homes directly on Albany Street, this house offers more interior space than about 76% of them. This means you're getting more room than most immediate neighbours, which is a relative strength in an older area where home sizes can vary.
3. Is the older year built a major concern?
A home from 1912 requires a diligent inspection. While it offers classic character, it also means aging infrastructure (like plumbing and electrical) that may need attention. The unrenovated basement is a clear project space. Budgeting for maintenance and gradual updates is essential.
4. Who might this property not be suitable for?
It's likely not a fit for buyers seeking a move-in-ready home with modern amenities and no projects. The lack of a garage and the older foundation also may not suit those looking for extensive storage or a easily finished basement for additional living space.
5. How does the lot size impact the property?
At just under 3,000 sqft, the lot is manageable for upkeep and is typical for Albany Street. However, it offers less private outdoor space than many lots in the broader Deer Lodge area, which is a trade-off for the location and the larger-than-street-average house footprint.