Property Overview: 122 Norlorne Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1979-built, one-storey home in Betsworth offers a practical and comfortable living space on a generous 5,510 sqft lot. Its key features include 1,280 sqft of living area, a finished basement, and an attached garage. The appeal lies in its established neighbourhood setting and its well-maintained, above-average standing in several local metrics. It ranks notably high for its assessed value within its immediate street and across Winnipeg, suggesting it is perceived as a solid value proposition relative to many comparable properties.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout without a major renovation project. It also appeals to value-conscious buyers who prioritize a good lot size and a home that holds its own in terms of municipal assessment within its market context. A thoughtful perspective is that while its age and community ranking indicate a more mature, non-trendy area, this often translates to stable, predictable neighbourhood character and less premium pricing compared to newly developed hotspots.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in specific geographic areas. For example, ranking "in the top 27%" for assessed value on its street means it is valued higher than 73% of its immediate neighbours, which can indicate a well-regarded property on that block.
2. Is the finished basement included in the 1,280 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional living space not reflected in that main square footage figure.
3. What are the implications of the home being built in 1979?
Homes from this era may have original components, like windows or roofing, that are nearing the end of their service life. A thorough inspection is advised, but this vintage also often means straightforward layouts and mature landscaping.
4. The community ranking is lower than others; should that be a concern?
It ranks in the top 93% (or bottom 7%) for lot size in Betsworth, meaning lots in this community are generally larger. This isn't a quality ranking but a size comparison. The home actually ranks more favorably for value and age within the same community.
5. How should I interpret the assessed value versus the listing price?
The municipal assessed value ($443,000) is for tax purposes and is typically calculated from past market data. It is a useful benchmark for comparing properties locally, but the listing price will be set based on current market conditions and may differ.