Property Summary: 138 Norlorne Drive
Key Characteristics & Appeal
This is a well-established, two-storey family home in Betsworth, built in 1979. Its primary appeal lies in offering a complete and move-in-ready package on a generous 5,511 sqft lot. Key features include a finished basement, an in-ground pool, and an attached garage. With 1,498 sqft of living space, it provides ample room for a growing family.
The home’s value is underscored by its strong performance in local rankings. It stands out in its immediate area, ranking above average for its lot size, assessed value, and living area compared to other homes on Norlorne Drive. This suggests it is a premium property within its own streetscape. While the home is older, its rankings indicate it has been maintained competitively for its age cohort across Winnipeg.
This property would best suit buyers looking for a turn-key home in a mature neighbourhood who value outdoor living and private recreation. The pool is a major asset for families seeking summer entertainment at home. It’s ideal for those who prefer a home with established character and landscaping over a new build, and who appreciate a property that holds a strong relative position in its local market.
Frequently Asked Questions
1. How does the age of the home (1979) affect its condition and potential costs?
While the home ranks well for its age, a buyer should still budget for updates to major aging components common in houses of this era, such as the roof, windows, or HVAC system. A thorough inspection is recommended.
2. What are the ongoing costs associated with the swimming pool?
Beyond initial enjoyment, prospective owners should factor in seasonal opening/closing, regular maintenance, chemicals, and higher utility bills for water and electricity to run the pump and heater.
3. The home ranks in the top 92% for size in its community. What does this mean?
This statistical ranking means the home’s lot size is larger than only 8% of properties in Betsworth, placing it on the smaller side for the broader neighbourhood. However, its strong rankings on its own street show it is a leading property in its more immediate vicinity.
4. Is the finished basement included in the 1,498 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional space for recreation, a home office, or guest accommodation.
5. The assessed value is $447,000. How should this inform my offer?
The municipal assessment is a tool for calculating property taxes and is not a direct market valuation. It does, however, indicate the home is considered a higher-value property in its area. Your offer should be based on a comparative market analysis of recent sales, current demand, and the home’s specific condition.