Property Summary: 54 Norlorne Drive, Winnipeg
Key Characteristics & Appeal
This 1979-built, single-storey home in Betsworth sits on a large, approximately 9,227 sqft lot, offering a significant amount of private outdoor space—a feature that ranks in the top 2% of its immediate street. With 1,550 sqft of living space and a finished basement, it provides practical, single-level living. The property’s standout appeal lies in its strong positional value: it ranks highly within Winnipeg overall (top 8% for lot size, top 25% for living area), suggesting it offers more space than most city properties. Its assessed value ranks higher than over 70% of Winnipeg homes, indicating solid fundamental value for its offerings.
The home would suit buyers prioritizing lot size and established neighbourhood character over newer construction. It’s ideal for those seeking a bungalow layout, perhaps downsizers or young families looking for room to grow outdoors. The high lot-size rankings, both on its street and city-wide, hint at a rare level of privacy and potential for gardening, expansion, or simply enjoying a generous yard—a less obvious but valuable asset in an urban setting.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics like lot size and age. For example, being in the "top 8%" for lot size in Winnipeg means 92% of city properties have smaller lots.
2. Is there a garage or parking?
The listing specifies there is no garage. Prospective buyers should inquire about driveway space or on-street parking provisions.
3. The house was built in 1979. What should I consider?
While the home ranks around average for age in its area, a build year of 1979 means crucial systems like roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is essential to understand modernization needs and ongoing maintenance.
4. How does the assessed value relate to the asking price?
The assessed value of $429,000 is for municipal tax purposes and reflects a past valuation. It can be a benchmark, but the market-based asking price may differ based on condition, updates, and current market trends.
5. The lot is large, but is it usable?
A 9,227 sqft lot is a major asset. Buyers should view the property to assess the layout, sun exposure, any slopes, and the portion of the yard that is practically usable for their needs, as not all large lots are created equal.