12-100 Scotswood Drive

Property Overview: 12-100 Scotswood Drive, Winnipeg

Key Characteristics & Appeal

This 937 sqft home, built in 1978, presents a straightforward and affordable entry point into the Winnipeg market. Its primary appeal lies in its exceptional value positioning within its immediate surroundings. The data reveals a compelling story: this property ranks in the top 1% for lot size on its street and the top 0% (meaning it surpasses all compared homes) for lot size within its broader neighborhood and all of Winnipeg. This suggests a generous, above-average outdoor space relative to most local listings, a significant advantage for those seeking room for gardening, play, or expansion.

The home suits practical, value-conscious buyers such as first-time homeowners, investors looking for a rental property with a stable baseline, or downsizers seeking a manageable footprint without sacrificing yard space. Its 2020 sale price of $178,000 and current assessed value around $190,000 indicate a stable, accessible price point. While the home itself is older and its interior size ranks below average for the area, the standout lot size offers a less obvious form of potential—the land itself represents a disproportionate share of the property's value, which can be a wise long-term investment in a mature neighborhood.

Potential Buyer FAQs

1. What does ranking in the "top 0%" for lot size actually mean?
   It means that, based on the available comparison data, this property's land area is larger than 100% of the homes it was compared to in its community and city-wide. This is its most competitive statistical feature.

2. The home is below average in size and age for the area. Is this a concern?
   It reflects a trade-off. You are acquiring a home that needs to be evaluated for its current condition and layout, but on a lot that is significantly larger than typical. The value is weighted more toward the land.

3. Who would this property not be ideal for?
   Buyers seeking a modern, move-in-ready home with ample interior square footage or garage parking may find it lacking. It is best suited for those who prioritize lot size and value over a newer or larger house.

4. The assessed value is higher than the 2020 sale price. Is that reliable?
   Municipal assessments are for tax purposes and can lag behind market trends. The sale price from 2020 provides a concrete historical data point, but a current market evaluation is essential to determine today's value.

5. Is there potential for future expansion or redevelopment?
   The large lot size is a key asset that could make additions or future redevelopment more feasible than on a standard lot, subject to all local zoning bylaws and permit approvals. This is a point for further investigation.