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This webpage shows what the Norco VFR-3 is today. It's a solid basic hybrid that will be a reliable riding companion for years. It has Shimano Altus level components, which is Shimano's entry level mountain bike groupset. I have some of these components on my family's bikes, and they're reliable and work great. The current VFR-3 uses a rear hub with a cassette, which is good. This design is stronger than the type of hub which uses a threaded-on freewheel, though either type will likely suit you fine. The current VFR-3 has internal cable routing which keeps a smooth look on the outside. Maintenance can be a little tougher, if you need to ever replace your outer cable housings, but this is infrequent and shouldn't be a factor in your purchase decision in my opinion.

If the 2014 VFR-3 is similar or identical to the current model, then I think $375 is a fair price; not a great price, but a fair price. Its mass market peers include the Giant Escape 2 ($460), an entry level Specialized Sirrus ($430-560), and the Trek FX 2 ($489).

Definitely buy on feel, though. If what they have is too large or too small, or it just doesn't fit right, then keep shopping...