Property Overview: 75 Norlorne Drive, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home in Betsworth, built in 1981. Its primary appeal lies in its established, quiet neighbourhood and its practical, move-in-ready layout. The home features 1,079 sqft of living space, a fully finished basement, and an attached garage, sitting on a generous 5,505 sqft lot.
The property’s standout characteristic is its relative newness compared to its immediate surroundings; it ranks newer than 93% of homes on its own street, suggesting it may have been updated or better preserved than many neighbours. Recent market activity is positive, with a 2024 sale price of $435,000 exceeding the current assessed value, indicating strong buyer interest. While its size is modest relative to the broader Winnipeg market, it offers solid value for a detached home. This home would suit first-time buyers seeking a manageable property without major renovations, or downsizers looking for a single-level layout with a finished basement for extra space. Its appeal is grounded in practicality and a sense of being a newer, well-kept option on a mature street.
Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $435,000 in March 2024, which is approximately 11% above its current assessed value of $399,000. This recent transaction provides a concrete, up-to-date benchmark for the property's market value.
2. What is the neighbourhood like for families or quiet living?
Betsworth is an established, mature community. The lot size is above average for the area, offering good outdoor space. The rankings show the home is on a street with mostly older properties, suggesting a settled, quiet character rather than a new development.
3. Is there room for expansion or major renovation?
The large lot provides potential for exterior additions, subject to zoning. However, as a bungalow with a fully finished basement, any significant interior expansion would likely involve a more complex renovation.
4. How does this home rank for size and value in its area?
Within its own neighbourhood, the home ranks in the top 28% for living space, meaning it's larger than many nearby homes. For assessed value, it sits in the top 41% for the community, positioned as a mid-range property in the local market.
5. What does the sales history indicate about the property's market?
The two recorded sales show a steady increase from $392,000 in 2020 to $435,000 in 2024. This consistent appreciation, through varying market conditions, suggests the property has held its value well in its locale.