Property Summary: 22 Norlorne Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1979-built, one-storey bungalow in Betsworth sits on a spacious, mature lot of over 5,700 sqft. Its key features include a fully finished basement, a split garage, and 1,120 sqft of living space. The home’s primary appeal lies in its established neighbourhood setting and practical, single-level layout, which is well-suited for downsizers, first-time buyers, or those seeking a manageable footprint without sacrificing yard space.
While its interior size is modest relative to the lot, the finished basement effectively expands the usable living area. The property’s competitive rankings are noteworthy: it sits in the top 16% for lot size on its street and has an assessed value that places it in the top third of all Winnipeg homes, suggesting a solid underlying value for the area. This home would best suit a buyer looking for a low-maintenance foundation in a quiet area, who values outdoor space and is comfortable with a property that offers potential to update over time.
Section 2: Frequently Asked Questions
1. How does the 2020 sale price compare to the current assessment?
The home sold for $358,000 in November 2020. The current assessed value is $420,000, which reflects market changes and the property’s standing relative to area comparables.
2. What does the "fully finished basement" entail?
The listing confirms the basement is finished, meaning it has been developed into livable space (such as rec rooms or additional bedrooms), adding functional square footage beyond the main floor. Specifics on layout and condition should be verified via a viewing or inspection.
3. Is the property's size a pro or a con?
This depends on buyer priorities. The lot is significantly larger than many in the area (top 16% on the street), offering excellent outdoor potential. The living space is more compact, which appeals to those seeking easier maintenance but may require efficient use of the finished basement for growing families.
4. How does this home rank within its community?
The rankings show a mix. It excels in lot size but is more average in terms of living area and building age for the broader Betsworth community. Its overall assessed value, however, ranks higher in Winnipeg-wide comparisons, indicating it is seen as a solid asset within the city.
5. What is the significance of the "split garage"?
A split garage typically refers to a two-car garage with separate overhead doors, a common feature offering convenience and a classic streetside appearance. It provides protected parking and additional storage space.