50 Norlorne Drive

Property Overview: 50 Norlorne Drive

This well-established Betsworth bungalow offers a practical and comfortable living space on a generous, mature lot. Built in 1979, its key appeal lies in its single-level layout and a fully finished basement, providing flexible space for a growing family, home office, or recreation area. With over 1,100 sqft of living space and a lot size of over 5,500 sqft, it balances indoor comfort with ample outdoor potential.

The home’s value is underscored by its assessed value, which ranks in the top third city-wide, suggesting solid fundamentals for the area. Its recent sale history shows steady appreciation. This property would particularly suit first-time buyers or downsizers looking for a manageable, no-stairs floorplan in a quiet neighborhood, or an investor seeking a stable rental property with a proven value track record. Its broad, above-average lot offers a less obvious opportunity for gardening, expansion, or simply more private outdoor space than many newer properties.

Frequently Asked Questions

1. What is the neighborhood like?
Betsworth is a mature, established community. The home’s rankings indicate it is on a street where many properties are similar in age and size, offering neighborhood consistency.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.

3. Why is there no garage?
Many older bungalows in Winnipeg were built without attached garages. The large lot provides potential for adding a detached garage or shed, subject to municipal bylaws.

4. How does the 2020 sale price relate to the current assessment?
The current assessment is higher than the 2020 sale price, which is typical given market trends. It’s a useful benchmark, but the final sale price is determined by the current market.

5. What should I know about a house from 1979?
While offering solid construction, a home of this age will likely have original components, like windows, roof, or major systems, that may need evaluation or future updating. A thorough inspection is advised.