94 Norlorne Drive

Property Overview: 94 Norlorne Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained, one-storey home in Betsworth offers practical living in a mature neighbourhood. Its key features include a fully finished basement, an attached garage, and a generous 5,499 sqft lot, providing ample outdoor space. Built in 1979, the home presents a solid opportunity for buyers seeking a move-in ready property with room to personalize.

The appeal lies in its balance of space, condition, and location. The finished basement effectively doubles the usable living area beyond the 1,128 sqft main floor, offering flexibility for recreation, guests, or a home office. Its competitive assessed value suggests a strong baseline for the area. This home would suit first-time buyers looking for a manageable single-level layout, downsizers seeking a low-maintenance property with a large yard, or pragmatic investors attracted by a stable neighbourhood with proven value retention. A less obvious perspective is its potential for someone who values established gardens and tree cover, which takes decades to mature, over a brand-new build on a bare lot.

Section 2: Frequently Asked Questions

1. How does the home’s age affect its condition and potential costs?
Constructed in 1979, major components like the roof, windows, and HVAC system may be at or nearing their typical lifespans. A thorough inspection is crucial to budget for any necessary updates or preventative maintenance.

2. What is the significance of the provided rankings?
The rankings compare this property to others on its street, in Betsworth, and across Winnipeg. For example, it ranks in the top 43% city-wide for lot size but in the top 64% for age, meaning its lot is larger than average while the house itself is older than many in the city. This helps gauge its relative strengths.

3. Is the finished basement included in the listed 1,128 sqft living area?
No. The 1,128 sqft refers to the above-ground living space. The fully finished basement is additional square footage, significantly increasing the home’s total functional area.

4. What is the neighbourhood and street like?
While specific details aren’t provided here, the home’s rankings show it sits on a street where most homes are larger and newer. This suggests a well-established, stable streetscape. Further research into local amenities, schools, and traffic would be advisable.

5. How should the assessed value be interpreted?
The $401,000 assessment is for municipal tax purposes and reflects the city’s valuation. It is a useful benchmark, but the market sale price can be influenced by current conditions, property updates, and buyer demand.