Property Overview: 119 Norlorne Drive
This 1981 four-level split home in Betsworth presents a well-maintained and spacious family residence on a large 5,500 sqft lot. Its key appeal lies in offering substantial interior space and a generous yard at a value-conscious point within the Winnipeg market. With 1,753 sqft of living space, the home ranks in the top 25% of its neighborhood for size. It features an unfinished basement, providing straightforward storage or future expansion potential. The attached garage and mature property round out the practical offerings.
The home would suit first-time buyers or growing families looking for established community character and more square footage than a typical bungalow, without the premium of a newer build. Its recent sale price aligns closely with the city's upper-middle range, suggesting it's a move-in ready home in a stable area. A thoughtful perspective is that while the home is 45 years old, its construction year is newer than over 70% of homes in the community, indicating a relatively modern build for the area. The unfinished basement, while not a finished living space, is a blank canvas that allows new owners to customize without the need to first demolish outdated renovations.
Frequently Asked Questions
1. What is the neighborhood like?
Betsworth is a mature, established neighborhood in Winnipeg. The property rankings show this home is on a street and in a community where homes are generally older, but this specific home is newer than most in the immediate area.
2. Is the basement included in the square footage?
No. The listed living area of 1,753 sqft does not include the unfinished basement. This means the above-ground living space is already quite spacious, and the basement offers additional potential.
3. How does the recent sale price compare to the assessment?
The home sold for $501,000 in August 2024, which is approximately $77,000 above its municipal assessed value of $424,000. This is common in active markets and reflects the current buyer demand rather than the city's assessment for tax purposes.
4. What do the ranking percentages mean?
They show how this property compares to others in various categories. For example, being in the "top 17%" for living area in Winnipeg means 83% of homes in the city are smaller. It's a quick way to gauge the home's relative size, age, and value against its peers.
5. What are the main considerations for a home of this age?
While well-kept, a 45-year-old home will have aging components. Prospective buyers should pay particular attention to the condition of the roof, windows, and major mechanical systems (furnace, water heater) during an inspection, as these are typical maintenance points for homes from this era.