126 Norlorne Drive

Property Summary: 126 Norlorne Drive, Winnipeg

Key Characteristics & Appeal

This 1980-built, one-storey home in Betsworth offers a practical, move-in-ready layout with 1,263 sqft of living space on a generous 5,510 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established neighbourhood setting and its balanced, above-average rankings in several key metrics for the area. It outperforms a majority of Winnipeg homes in assessed value and is newer than most in the city, suggesting a well-regarded and maintained property for its age. The home’s size and lot dimensions are solidly in the middle range for its immediate street and community, offering a comfortable footprint without excessive upkeep.

This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature area. It’s also a practical fit for an investor or buyer looking for a home with immediate rental potential due to its finished basement, providing flexibility for income or extended family.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in specific categories. For example, being newer than 70% of homes on its street indicates it’s one of the more recently built houses in the immediate area, which can be a positive for maintenance and systems.

2. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify it as a legal secondary suite. A buyer should verify its compliance with local zoning and building codes if rental income is a primary goal.

3. How might the property’s age affect immediate costs?
While the home is well-ranked by age for the area, being 46 years old means crucial components like the roof, windows, and major mechanical systems (furnace, plumbing) may be nearing or past their typical lifespan. A thorough inspection is advised.

4. The community rank for size is low (top 93%). What does this indicate?
This means the home’s physical size is larger than only 7% of homes in Betsworth, making it one of the smaller properties in the broader community. This reinforces its suitability for buyers seeking a more modest, efficient space rather than a large family home.

5. Why is the assessed value rank significantly higher than other rankings?
The assessment ranks higher than both size and age rankings city-wide, suggesting the municipal assessor attributes a strong market value to the property. This could be due to the finished basement, lot size, specific location on the street, or recent updates not detailed in the basic stats.