Property Summary: 19-90 Scotswood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1978-built home in Betsworth offers a compact and efficient 912 sqft living space. Its key appeal lies in its exceptional relative value within its immediate surroundings. The property ranks in the top 1% of its street, the top 0% of its neighborhood, and the top 0% of all Winnipeg for its land area, suggesting a lot size that is a significant standout feature for the location. This presents a notable opportunity for buyers who prioritize outdoor space or future expansion potential over a large existing footprint.
The home suits practical, value-oriented buyers such as first-time homeowners, downsizers, or investors. It represents an entry point into a neighborhood where the land itself holds considerable value. The 2017 sale price of $138,000, compared to a current assessed value of $178,000, indicates market growth, while the home's below-average rankings for living area and assessed value on wider scales highlight its as-is affordability. The appeal is grounded in the fundamentals: a larger-than-typical lot for the area in a no-frills package, ideal for someone comfortable with a smaller home who sees long-term potential in the property's underlying assets.
Section 2: Frequently Asked Questions
1. What does ranking in the "top 0%" for land area actually mean?
It means this property's lot size is larger than every other comparable property used in the ranking within its neighborhood and all of Winnipeg. In simpler terms, you are getting more land here than typically found for homes in this price bracket.
2. The home ranks lower for size and value. Is this a concern?
Not necessarily. These rankings confirm the home is a more compact, modestly assessed property compared to broader averages. This is precisely what creates its affordability and positions it as a value play on a desirable lot size in an established area.
3. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home with modern finishes or those who need substantial interior space. The focus here is on the land and location, with the understanding the dwelling itself may require updates or is sized for efficient living.
4. The assessed value is higher than the last sale price. Does that set the market price?
No, the municipal assessed value is for tax purposes and is one data point. Market conditions, the home's condition, and buyer demand will ultimately determine the sale price, though the increase suggests positive market momentum for the area.
5. There's no garage or basement. How does that impact value?
The lack of these features is factored into the current pricing and rankings. It simplifies the property, potentially lowering maintenance costs and property taxes, but requires buyers to be comfortable with on-street parking and all living/utilities on the main floor.