Property Overview: 11-110 Scotswood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, no-frills condominium located in the Betsworth area of Winnipeg. Built in 1978, the 728 sqft unit is defined by its practicality and its standout position in the local market rankings. While its living area and assessed value rank in the lower percentiles city-wide, its true appeal lies in its exceptional land-related rankings. The property sits on a land parcel that ranks in the top 1% on its street, top 0% in its community, and top 0% city-wide for size, suggesting a highly desirable and potentially spacious lot for the area.
The appeal is for a specific, value-oriented buyer. It suits a first-time homebuyer, an investor, or a downsizer seeking an affordable entry into the Winnipeg market with a focus on the long-term value of the land rather than the size of the interior. The recent sale history (last sold in 2016 for $128,000) and a current assessed value around $140,000 point to a stable, lower-priced point. This is not a property for those seeking modern finishes or ample square footage, but rather for those who see potential in a well-located lot and a modest, maintainable home. A thoughtful perspective is that this represents a "land-value play" in condo form, where the underlying property asset is statistically rare for its setting, offering a different kind of security.
Section 2: Frequently Asked Questions
1. What does the "top 0%" land ranking actually mean?
It means that, based on the available data, this specific property's land area is larger than every other comparable property listed in its wider community and across all of Winnipeg. It indicates an unusually spacious lot for its property type and location.
2. The interior is quite small (728 sqft). Is there room to expand?
As a condominium, any structural expansion or significant exterior modification would be subject to the rules and approvals of the condominium corporation. You should not assume the land size allows for personal expansion; review the corporation's bylaws thoroughly.
3. Who would this property not suit?
It would likely not suit buyers who prioritize modern builds, need multiple bedrooms, or desire high interior square footage. The appeal is heavily weighted toward the land value and affordability over interior space and amenities.
4. The 2016 sale price was $128,000. What does the $140,000 assessment indicate?
The assessed value is the city's estimate of the property's market value for taxation purposes. It suggests a modest increase in valuation over eight years, but the actual market price is determined by current buyer demand and listing conditions.
5. Are there any obvious concerns based on this data?
The data shows the unit's size and assessed value rank very low compared to most of Winnipeg. This underscores that the property is a basic, smaller unit. A proactive buyer should investigate the condominium reserve fund, monthly fees, and the condition of the building itself to ensure the low entry price isn't offset by impending special assessments or maintenance issues.