139 Norlorne Drive

Property Overview: 139 Norlorne Drive

Key Characteristics & Appeal

This is a well-maintained, single-story home built in 1979, situated on a spacious 5,500 sqft lot in the Betsworth neighbourhood. Its key features include a fully finished basement and a practical 1,120 sqft of living space. The home presents a grounded, value-oriented opportunity. Its appeal lies in its solid foundation and the potential for personalization, offering more interior space and a larger yard than many newer properties in its price range. The rankings indicate it holds its own in terms of lot size and age within its immediate area, suggesting a stable, established setting.

This property would suit first-time buyers seeking an entry point into homeownership without a major renovation project, or downsizers looking for a manageable single-level layout. It’s a pragmatic choice for those who prioritize functional space and land over modern finishes, and who see value in a home that has been cared for over decades. The absence of a garage may appeal to buyers looking to minimize maintenance or who envision using the lot for other purposes.

Frequently Asked Questions

1. What is the neighbourhood like?
Betsworth is a mature, established community. The rankings show the home’s lot size is newer than most in the area, while the house itself is older than many, indicating a mix of original homes and some newer developments, offering a quiet, settled atmosphere.

2. Is the basement a legal suite?
The listing notes the basement is finished, but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the specific permits and compliance with local bylaws.

3. How does the assessed value relate to the asking price?
The municipal assessment is $376,000. This is a benchmark for property taxes, but the final sale price is determined by the current market. Comparing the assessment to the asking price can provide insight into the seller’s pricing strategy.

4. What are the implications of no garage?
This reduces maintenance costs and can lower insurance premiums. Buyers should consider solutions for vehicle storage and parking, especially in winter, and view the extra yard space as a potential benefit for gardening, recreation, or future storage shed.

5. What does "超越57%的其它房屋" for Winnipeg mean?
This ranking means this home’s assessed value is higher than 57% of all Winnipeg properties, placing it in the top 43%. This suggests it offers above-median value for the city, which can be a positive indicator for long-term equity, though specific neighbourhood dynamics are equally important.