Property Summary: 63 Norlorne Drive

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1981, situated on a spacious 5,770 sqft lot in the Betsworth neighbourhood. Its key features include a fully finished basement and an attached garage. The home’s primary appeal lies in its established setting and practical layout, offering comfortable living without excessive maintenance.

The data reveals a property of solid, middle-of-the-road proportions with a 1,113 sqft footprint, but its true competitive edge comes from its lot size and age within its immediate context. It ranks highly on its street for lot size (top 14%) and is notably newer than most neighbouring homes (top 7%), suggesting it may be in better relative condition. This combination suits buyers looking for a stable, move-in-ready home in a mature area—ideal for first-time homeowners, small families, or downsizers seeking single-level living. Its value proposition is grounded in offering more outdoor space and a more recent build than many direct comparables on the same block, providing a sense of relative value and longevity in a specific micro-market.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Betsworth, and across all of Winnipeg. They show this property is particularly strong on its own street for lot size and building age, meaning it likely offers more outdoor space and is a newer build than most of its immediate neighbours.

2. Is the finished basement included in the 1,113 sqft living area?
No, the 1,113 sqft figure typically refers to the above-ground living space. The finished basement is an additional area, adding functional square footage for recreation, storage, or extra rooms.

3. The home is 45 years old. What should I consider?
While newer than many on its street, a 1981 build means core components like the roof, windows, and major systems (furnace, electrical) may be at or nearing their typical lifespans. A thorough inspection is advised to assess their condition and plan for potential updates.

4. Who might this property not suit?
It may not suit buyers seeking a very modern, open-concept layout, as the floor plan is characteristic of its era. Those wanting extensive square footage above grade or specific amenities like a pool or large garage may also need to look elsewhere.

5. How does the assessment value relate to the listing price?
The municipal assessment of $394,000 is for tax purposes and reflects a mass appraisal from a prior date. It’s a useful data point but does not determine market value. The listing price will be set based on current market conditions, recent sales of similar homes, and the seller’s strategy.