Property Overview: 2-90 Scotswood Drive, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, no-frills home built in 1978, offering 1,040 square feet of living space. Its standout feature is its exceptional positional strength within its community and the wider city. The property ranks in the top 1% of its street and the top 0% of both its neighborhood (Betsworth) and all of Winnipeg for lot size, indicating a very generous and potentially private yard—a significant asset. The home is mechanically sound and move-in ready, having been recently purchased in 2021 for $200,000, closely aligning with its current assessed value of $201,000.
The appeal lies in securing a solid, affordable entry into the Winnipeg market with a lot that offers above-average outdoor space and privacy for the area. It suits practical, value-conscious buyers such as first-time homeowners, small families, or investors looking for a stable rental property. A less obvious perspective is its appeal to those who prioritize land over square footage; the large lot provides room for gardening, expansion, or simply enjoying more green space than is typical for homes in this price range, without the maintenance or cost of a brand-new build.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others nearby. For example, being in the "top 0%" for lot size in Winnipeg means its land area is larger than 100% of compared properties, making it a rarity and a key feature.
2. Is the house outdated?
Built in 1978, the home is nearly 50 years old. Buyers should expect functional, classic layouts and likely some original features. Its recent sale suggests it is livable, but a pre-purchase inspection is advised to understand the condition of major systems like roof, wiring, and plumbing.
3. Why is the assessed value so close to the 2021 sale price?
This typically indicates stable market conditions for the property and that no major changes or renovations were made since the last sale. It provides a clear, current benchmark for its municipal valuation.
4. Who would this property NOT suit?
It may not suit buyers seeking modern, open-concept layouts, a garage, or a large interior footprint. The appeal is weighted toward the land itself rather than expansive or newly renovated living spaces.
5. What are the implications of having no basement?
A slab-on-grade foundation (no basement) means all living space is on the main floor, which can be advantageous for accessibility. However, it limits storage and mechanical space and may affect heating and insulation dynamics compared to homes with a basement.