12-110 Scotswood Drive

Property Summary: 12-110 Scotswood Drive

Key Characteristics & Appeal

This is a compact, no-frills condominium in the Betsworth area, built in 1978. Its primary appeal lies in its exceptional affordability and market-beating value, as evidenced by its recent sale history. The unit is 728 sqft with no basement or garage. The standout feature is its competitive positioning: it ranks in the top 1% of its street and top 0% of its entire community and Winnipeg for overall value, meaning its price point is highly competitive compared to similar local properties. This creates a compelling entry point into the market.

The property would suit first-time buyers, investors seeking a rental property with a low entry cost, or downsizers looking for a minimalist, low-maintenance lifestyle without common condo amenities like a pool. A thoughtful perspective is that its high value rankings suggest it may be an undervalued asset in its immediate area, offering potential for equity stability. However, its smaller size and older building date mean it suits those with practical needs rather than those seeking space or modern finishes.

Frequently Asked Questions

1. What does the "top 0%" ranking actually mean?
It means that, based on the available data, this property's assessed value is lower than 100% of comparable properties in its community and city. It is positioned as one of the most affordable options in a broad area.

2. Is the 2023 sale price of $155,000 a good indicator of current value?
It is the most recent market transaction and a strong benchmark. The fact that it sold for above its $133,000 assessed value suggests buyers were willing to pay a premium for its highly competitive positioning.

3. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is typically responsible for the building exterior, roof, common grounds, and major structural elements. The owner is responsible for everything within the unit's walls. Reviewing the condo corporation's status certificate is essential for details.

4. The size ranks low (top 93%). Is the floor plan efficient?
At 728 sqft, it is smaller than most. The rankings confirm it's a compact unit. A viewing is crucial to determine if the layout meets your spatial needs, as the efficiency can't be judged by square footage alone.

5. Why did it sell again just two years after its 2021 purchase?
The property history shows a quick resale with a price increase. This could indicate an investor flip, a change in the owner's circumstances, or simply a owner capitalizing on a strong market. It does demonstrate the property's liquidity and demand at its price point.