Property Overview & Key Characteristics
This 1979-built, two-storey home sits on a generous 5,597 sqft lot in Betsworth. Its primary appeal lies in offering above-average space and value within its immediate surroundings. With 1,915 sqft of living space, it ranks in the top 4% of homes on its street for size, providing ample room for a growing family or those who value spaciousness. The home features a finished basement, adding to its functional living area. While it lacks a garage or pool, its assessed value ranks highly locally, suggesting a solid foundation of value for the square footage offered.
The property would suit practical buyers looking for a well-sized family home in an established neighbourhood without a premium price tag. It’s particularly suited for those who prioritize interior space over newer construction or certain amenities, and for buyers who see potential in a home that offers a strong value proposition relative to its peers on the street and in the wider city.
Frequently Asked Questions
1. How does the age of the home (built 1979) impact its value?
While 47 years old, the home’s assessed value ranks in the top 15% city-wide, indicating its size and lot have kept its market value competitive. Buyers should budget for updates typical of the era but can be confident the core structure holds established value.
2. The home ranks very high on its street but lower in the broader community. What does this mean?
This suggests Norlorne Drive is a street of relatively modest homes, making this property a standout in terms of size and value there. The lower community ranking reflects that Betsworth contains a mix of property types, including newer or more premium homes, providing context for the neighbourhood's overall diversity.
3. There’s no garage. How big of a drawback is this?
For buyers reliant on indoor vehicle storage or needing workshop space, this is a significant consideration. However, the large lot may offer potential for adding a garage or carport, subject to municipal bylaws, which could be a future value-add.
4. What is the significance of the finished basement?
It immediately adds usable living space without the need for a major renovation, which is a key advantage. Prospective buyers should clarify the finish quality, ceiling height, and ensure it meets their needs for recreation, guest, or storage space.
5. The land is sizable. What are the implications?
The nearly 5,600 sqft lot offers good outdoor space for gardening, play, or entertaining. It also provides a tangible asset that contributes to the assessment value and offers flexibility for future landscaping projects or potential expansions.