Property Overview
This one-and-a-half storey home on Lyle Street in Deer Lodge offers a practical blend of space and location. Its key appeal lies in its above-average living area for both the street and the neighbourhood, providing more interior room than many comparable homes. The recently renovated basement adds functional living space. With a detached garage and a decently sized lot, it presents a classic, grounded homeownership opportunity in a well-established area.
The property is best suited for buyers looking for a move-in ready home with a smart layout, who value neighbourhood character over a brand-new build. It would particularly fit growing families or downsizers seeking single-level living potential, given the main floor likely contains the primary living spaces. The assessed value is positioned squarely in the mid-range for the area, suggesting a fair market entry point without the premium of a fully modernized home.
Frequently Asked Questions
How does the living space compare to nearby homes?
The living area of 1,387 sqft is notably above average for both Lyle Street and the wider Deer Lodge neighbourhood, ranking in the top 15% and 23% respectively. This means it offers more interior space than most direct comparables.
What is the property’s history and recent sale activity?
The home was built in 1951. It last sold in August 2023 for $365,000, which was a top 21% price for the area at that time, indicating strong buyer interest. A previous sale in 2017 was at a more moderate price point.
Is the lot size typical for the area?
The lot of 4,792 sqft is around average for Lyle Street but is below the average lot size for the Deer Lodge neighbourhood as a whole. It provides standard outdoor space without being exceptionally large or small.
How does the assessed value inform the likely price?
The current assessed value of $310,000 is around the average for the immediate area. Given the recent sale price was significantly higher, it suggests the market values the home's condition and updates beyond the municipal assessment, which often lags behind current market values.
What might be a less obvious consideration for this home?
The home's age (75 years) is above average city-wide but is actually newer than many homes in Deer Lodge, ranking in the top 14% for the neighbourhood. This indicates that while maintenance is always a consideration for an older home, it is relatively younger than many of its surrounding properties, which can be a positive for infrastructure like wiring and plumbing.