Property Overview
This two-storey home at 401 Scotswood Drive S presents a compelling opportunity in Winnipeg's Betsworth neighbourhood. Built in 2019, it is a notably modern property within its context, ranking in the top 4% of Winnipeg for its year of construction. The home sits on a generous 7,280 sqft lot and features 2,544 sqft of living space, placing it well above average in size for both its street and the wider city. Key features include an attached garage and a renovated basement. Its assessed value has shown steady, incremental growth since its last sale.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of modern build quality and established, above-average footprint. As a home built just seven years ago, buyers can expect contemporary building standards and likely minimal immediate maintenance, a significant advantage over older stock in the area. Its substantial lot size and living area rank highly, offering more space than most comparable local properties—a rarity for a newer build.
Its consistent value appreciation, as seen in its sold history, suggests a stable and desirable location within Betsworth. The renovated basement adds immediate functional living space without the need for a project.
This home would suit buyers looking for a move-in ready, spacious family home who want the benefits of a newer construction without compromising on yard size. It’s also a strong candidate for those who value statistical outperformance, as its metrics (size, age, value) rank in the top percentiles for its street, neighbourhood, and city.
Frequently Asked Questions
How does the "renovated basement" factor into the living space?
The 2,544 sqft living area is the official above-grade measurement. The renovated basement provides additional finished space, but its square footage is not included in that official figure, meaning the home's total usable area is greater.
The assessed value is higher than the last sale price. What does this mean?
The current assessed value ($88.80k) is a municipal assessment for tax purposes, not a market valuation. It indicates the property's estimated value has risen since its 2023 sale ($87.50k), reflecting general market trends and the property's characteristics.
The lot is large, but how does the location on the street affect it?
The property ranks in the top third for lot size on its street. While specific dimensions aren't provided, this suggests it is not a standard or narrow lot, offering more privacy and outdoor potential than many of its direct neighbours.
Given its top rankings, why isn't the price higher?
The rankings are percentile-based, showing how it compares to other homes. They highlight its standout features (size, newness) within its specific market of Winnipeg. The price ultimately reflects a combination of these factors, the local Betsworth market conditions, and the home's specific condition and finishings.
What is the significance of the "similar assessed value" properties listed?
These are homes across Winnipeg with the same municipal assessed value. They are not necessarily similar in style, age, or size, but show what price point this property is grouped with for tax purposes, often highlighting different value propositions in different neighbourhoods.