Property Overview: 3-119 Scott Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 496 sqft property in Winnipeg's River-Osborne neighbourhood, built in 1958 with a current assessed value of $120,000. Its primary appeal lies in its affordability and location within a popular, central area. The unit is typical for its specific street—ranking around average for size, value, and age among the 52 comparable homes on Scott Street—but it stands out as a notably budget-friendly entry point into the broader, more expensive River-Osborne community.
This property would suit first-time buyers, investors, or minimalist urban dwellers seeking a low-cost foothold in a vibrant neighbourhood. Its below-average price for the area suggests it could be a practical, no-frills investment or a starter home with renovation potential. A thoughtful perspective is that while the unit is small by city and neighbourhood standards, its efficiency might appeal to those looking to minimize living costs and environmental footprint. The data indicates it last sold between 2017 and 2025 for a price that was in the top 97% for affordability in River-Osborne, reinforcing its role as an accessible option.
Section 2: Frequently Asked Questions
1. How does this property’s size and value really compare to its surroundings?
While the living area (496 sqft) is near the average for Scott Street itself, it is significantly smaller than the typical River-Osborne home (847 sqft avg.) and Winnipeg home (1,042 sqft avg.). Its assessed value follows a similar pattern: average for the street but well below the neighbourhood and city averages, highlighting its relative affordability.
2. What does the sold price history indicate?
Public data shows it sold once between January 2017 and April 2025 for an amount in the CA$50,000–100,000 range. This sale price ranked in the top 97% for affordability within River-Osborne, meaning it was among the least expensive properties sold in the area during that period.
3. Who would this property be a good fit for?
It is best suited for buyers with a limited budget who prioritize location over space, such as first-time homeowners, real estate investors looking for a rental unit, or individuals seeking a minimalist, low-maintenance urban lifestyle.
4. How can I find out the exact past sale price?
The website provides sold price ranges for non-members. To obtain the exact sale figure and full transaction history, you must request a manual lookup via email from the site administrators, as they do not have access to MLS copyright data.
5. Are the comparison rankings on this page a reliable measure?
The rankings provide helpful context by comparing this property to similar ones on its street, in the neighbourhood, and across Winnipeg. They are based on assessed value, living area, and year built. However, they are statistical benchmarks and do not account for interior condition, updates, or specific layout, which should be evaluated through a personal viewing and inspection.