118 Norlorne Drive

Property Overview

This 1979-built bungalow in Betsworth offers a practical, single-level layout with 1,490 sqft of living space on a generous 5,510 sqft lot. Its key appeal lies in its move-in-ready condition, featuring a finished basement and an attached garage. The home presents a balanced profile: while its age and community ranking are average, it stands out with above-average living space and a notably high assessed value compared to most homes on its street and in Winnipeg overall. This suggests a property that has been well-maintained or updated.

It would suit first-time buyers seeking a solid starter home with space to grow, or downsizers looking for the convenience of bungalow living without a premium price tag. The strong assessment value relative to the area also makes it a sensible consideration for value-oriented buyers who see potential in a mature neighbourhood.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in specific areas. For example, its assessment value is higher than 86% of homes on its street, indicating it's one of the more valuable properties in its immediate area. Conversely, its community ranking for size is lower, meaning there are many larger homes in the wider Betsworth area.

2. Is the finished basement included in the 1,490 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The finished basement is an additional bonus space, adding functional room without increasing the official living area figure.

3. What are the implications of the home's age (47 years)?
A home of this age likely has mature landscaping and established infrastructure. Buyers should prioritize a thorough inspection of major systems like roofing, plumbing, and electrical, which may be original or nearing the end of their service life, to understand future maintenance considerations.

4. The lot is large, but what's the neighbourhood context?
With a lot size over 5,500 sqft, the property offers good outdoor space. However, its ranking shows that within the broader Betsworth community, this is a fairly standard-sized lot, so it fits the neighbourhood norm rather than being an outlier.

5. Why is the assessed value notably higher than the street average?
A high assessment relative to neighbours can stem from significant updates, additions, or superior maintenance. It's a useful data point that suggests the property has inherent value, but it's important to verify the condition and updates through a viewing and inspection.