Backsplit with Converted Garage Dining Room in Sault Ste. Marie

Property details for 1015 Lake St, Sault Ste Marie

Type: Residential
Bedrooms: 3
Bathrooms: 2
Living Area: 1,374 square feet
Lot Size: 0.14
Basement: Partially finished, Full
Parking: Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Vinyl
Annual Taxes: $4,826

This 1993 backsplit is a 1,374 sqft vinyl-sided house on a 0.14-acre corner lot. It's got 3 beds and 2 baths, all above grade. Inside, you'll find hardwood floors and a forced-air gas system with central air. The layout's practical: a 14.5' x 13.7' living room leads into a kitchen that's split into two sections, 7.8' x 13.7' and 8.5' x 10'. They turned the old attached garage into a big dining room, 15.4' x 10.9', which works well for hosting. Upstairs, the bedrooms are 9.9' x 11.3', 9.4' x 9.7', and 11.7' x 13.7', plus a 4-piece bath. Down in the partially finished basement, there's a 9.9' x 20.4' rec room, a 3-piece bath, and laundry. Outside, a detached garage sits on an interlocking driveway, and the yard has a private deck. It's in Sault Ste. Marie's P-Patch area, close to Sault College at 1.3 km and North 82 Steak & Beverage Co at 1.7 km. Taxes run $4,826 a year. Priced at $419,900, it's right at the local median, and the location scores a 93 out of 10.

About 1015 Lake St, Sault Ste Marie — Property Score

Prime Location

Score: 60/100

Value

Priced 35.9% above area median of $309,000 based on 49 comparable properties nearby 16

$306/sqft - 9.3% above the $280/sqft area median 56

Stable pricing - no price changes since original listing date 50

Size

1,374 sqft - 18% more space than similarly priced homes (1,160 sqft median) 74

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

6,098 sqft lot - a generous lot for the area 78

Location

$98K median household income - above the Canadian average of $70K 79

89% of residents hold postsecondary credentials - a highly educated neighbourhood 95

98% homeownership rate - indicating a stable, owner-occupied community 98

93% of residents commute under 30 minutes - excellent commuter accessibility 100

2,268/km² population density - a well-balanced suburban area 93

Market

Just listed - area average is 14 days on market 88

-67.3% median price change over 1 month - declining prices in the area 1

45.5 months of housing supply - 91 active listings with 2 sold last month (buyer's market) 40

Features

Partially finished, Full basement - potential for additional finished space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Built in 1993 (33 years old) - may benefit from selective updates, newer than the area average (1962) 58

No premium extras like pool, waterfront, or view 50

Investment

1.15% effective tax rate ($4,826/yr) - moderate tax burden 66

-9.6% area price change year-over-year - significant price correction in Sault Ste Marie 2

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

50 photos provided - 72% more than the area average of 29 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.