143 Norlorne Drive

Property Overview: 143 Norlorne Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established Betsworth bungalow offers a practical and comfortable living space on a generous 5,500 sqft lot. Its key features include a fully finished basement, a connected garage, and a functional 1,271 sqft main-floor layout typical of its 1979 construction era. The home’s primary appeal lies in its solid foundation within a mature neighbourhood, presenting a move-in-ready opportunity with room for personal updates over time. The recent 2023 sale suggests a stable, known value in the current market.

It’s a strong fit for first-time buyers seeking a manageable single-story home without a major renovation project, or for downsizers looking for a straightforward property with a finished lower level for extra space. The lot size is a notable asset, offering more outdoor room than many newer properties. A thoughtful perspective for buyers is to consider the home’s relative rankings: while it sits in the middle of the pack for size and value within Winnipeg overall, it ranks highly for lot size within its immediate community, highlighting its land value and potential for outdoor enjoyment or future expansion relative to its neighbours.

Section 2: Frequently Asked Questions

1. What is the condition of the finished basement?
The listing confirms the basement is fully finished, adding valuable living space. As with any home of this age, a buyer’s inspection is recommended to assess the quality, moisture control, and specifics of the finishings.

2. How does the 2023 sale price relate to the current assessed value?
The home sold for $400,000 in October 2023, which is very close to its current city assessment of $395,000. This alignment provides a clear, recent benchmark for its market value.

3. What are the property taxes?
Property taxes are not listed here but can be accurately estimated using the City of Winnipeg’s calculator and the current assessed value of $395,000.

4. Is the neighbourhood quiet and family-friendly?
Betsworth is a mature, established neighbourhood. Its quiet, residential streets are typical of areas developed in this period. The high ranking for lot size within the community suggests properties here offer more space than many in Winnipeg, which often appeals to families.

5. What does the home’s “ranking” data mean for me?
These rankings compare this home to others on its street, in Betsworth, and across Winnipeg for metrics like size and age. For example, it’s newer than 65% of homes in Betsworth, but its lot is larger than 94% of them. This data helps you understand this property’s specific strengths (like lot size) within its local context, rather than just seeing it in isolation.