Property Overview
This 1984-built, four-level split home at 262 Scotswood Drive S offers a practical and spacious layout in the Betsworth neighborhood. Its key appeal lies in providing above-average living space on a large, 6,271 sqft lot, presenting a solid value proposition for specific buyers.
Key Characteristics & Ideal Buyer
The home’s primary characteristic is its generous 2,021 sqft footprint, which ranks within the top 15% of homes on its street and top 9% across Winnipeg for size. This is paired with a substantial, private lot. The property features an unfinished basement and an attached garage. Its competitive market position is underscored by assessment and size rankings that consistently outperform a majority of comparable homes in its immediate area and the wider city.
Its appeal is grounded in space and potential. The unfinished basement offers a blank canvas for future customization, allowing a buyer to add value and tailor the home to their needs. The large yard is a significant asset for families, gardeners, or anyone seeking outdoor privacy.
This property would best suit a value-conscious buyer—perhaps a growing family or a handy homeowner—who prioritizes interior square footage and yard space over turn-key finishes. It’s a home for those who see the benefit in a well-located structure with good bones, where they can invest sweat equity over time. A less obvious perspective is its suitability for multi-generational living potential; the four-level split layout can naturally create distinct living zones.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings show how this home compares to others in key metrics. For example, its living area is larger than 91% of Winnipeg homes, indicating exceptional interior space for the price point, while its lot size is also highly competitive.
2. What does "four-level split" mean for daily living?
This style typically creates separated living zones across four half-levels, which can offer good noise separation between living and sleeping areas. However, it also means more stairs to navigate, which is a consideration for some lifestyles.
3. Is the unfinished basement a pro or a con?
It depends on the buyer. It’s a con for those wanting immediate, finished living space. It’s a significant pro for buyers who want to customize the space (like adding a rec room, home gym, or suite) to their exact specifications and potentially increase the home’s value.
4. The home is 42 years old. What should I be mindful of?
While the structure offers proven durability, a home of this age will likely have original or aging components. A thorough inspection should focus on major systems like the roof, windows, plumbing, and electrical, which may be due for updates or replacement.
5. How does the assessment value relate to the listing price?
The municipal assessment of $484,000 is for tax purposes and reflects a mass appraisal from a prior date. The listing price is set by the seller based on current market conditions. The assessment is a useful benchmark, but the final sale price is determined by what buyers are willing to pay in the present market.