Property Overview: 134 Norlorne Drive
This two-storey family home in Betsworth presents a compelling blend of space, established charm, and recreational amenities. Its key appeal lies in being a move-in ready property with significant upgrades for its age, including a finished basement and a private backyard pool—a rare combination that offers immediate summer enjoyment. The home suits buyers looking for a turnkey property in a mature neighbourhood, particularly families or those who love to entertain. It would also appeal to value-conscious purchasers who appreciate a home that ranks well above neighbourhood averages for lot size, assessed value, and relative newness, suggesting a solid investment in a well-regarded location.
A few less obvious points to consider: while the home ranks highly within its street and community, the community-wide rankings for size and value indicate the immediate area consists of larger, higher-value homes, which can be positive for property values. The 1981 build date means major systems may be approaching renewal, but the high "newness" ranking for the street shows it is among the more recent constructions in that specific enclave.
Frequently Asked Questions
1. How does the pool impact insurance and utility costs?
An in-ground pool will typically increase both annual insurance premiums and seasonal utility costs for water and electricity to run the pump and filtration system. Prospective buyers should budget for these ongoing expenses.
2. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent or materials. It is advisable to confirm the ceiling height, quality of finishes, and whether it includes a proper egress window to be considered legal living space.
3. The home ranks highly for assessed value. What does this mean?
The assessment value of $492,000 ranks in the top tiers for the street, community, and city. This generally reflects the municipality's view of the property's worth relative to others and is a positive indicator, but the final market sale price is determined by buyer demand.
4. Are there any concerns with a 45-year-old home?
While well-maintained, a home of this age may have original components, such as the roof, windows, or HVAC system, that are nearing the end of their service life. A thorough home inspection is crucial to identify any upcoming capital expenditures.
5. The lot is large, but how is the backyard configured?
With a lot size over 5,500 sq ft and a pool, the outdoor space is a major feature. It's worth investigating how much of the yard is dedicated to the pool deck versus green space, and the orientation for sun exposure and privacy.