Property Overview
This 1,354 sqft one-and-a-half storey home on a 4,793 sqft lot in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Built in 1951, it features a renovated basement and sits on a quiet street. The home’s living space is notably above average for both the immediate street and the wider Deer Lodge area, offering more room than many comparable properties. Its assessed value is consistent with local norms. The property last sold in June 2021.
Key Characteristics & Appeal
The primary appeal of 400 Lyle Street lies in its efficient use of space within a mature, settled community. The above-average living area for the locale suggests a home that feels more spacious inside than its street presence might indicate, a bonus for those seeking room without a sprawling footprint. The renovated basement adds functional, modernized space. It suits first-time buyers or downsizers looking for a manageable property in a no-fuss neighbourhood, as well as value-conscious buyers who prioritize interior square footage over a large yard or a garage. A thoughtful perspective is that its very "averageness" in assessed value for the area could represent a stable, lower-risk entry point into the market, insulated from the premium prices of trendier spots. The appeal is grounded in practicality and space, not flashy amenities.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,354 sqft, the living area is in the top 18% on Lyle Street itself and the top 27% within the Deer Lodge neighbourhood, meaning it is significantly more spacious than many direct comparables.
2. What is the property’s assessed value?
The assessed value is $31,400. This is around the average for homes on Lyle Street, in Deer Lodge, and citywide, indicating it is priced consistently with the market.
3. When was the home built and has it been updated?
The home was built in 1951. The listing confirms the basement has been renovated, but the extent and date of other updates should be verified through a viewing or disclosure statement.
4. Is there a garage or parking?
The listing specifies there is no garage. Prospective buyers should inquire about dedicated driveway parking or on-street permit requirements.
5. How does the lot size compare?
The 4,793 sqft lot is around average for the street but below average for the larger Deer Lodge area, suggesting a standard yard size for the immediate location.