15-120 Scotswood Drive

Property Summary: 15-120 Scotswood Drive, Winnipeg

Key Characteristics & Appeal

This is a compact, well-priced condominium in the Betsworth area, built in 1978. With 728 square feet of living space and no basement, it represents a straightforward, low-maintenance housing option. Its most compelling feature is its location-based value; the property ranks in the top 1% of its immediate street and even higher within the broader community and city for overall attractiveness, suggesting a very desirable setting or building. However, it's important to note the home ranks lower for size and assessed value relative to its neighbors, indicating it is one of the more modest units in the area.

The appeal lies in this contrast: it offers an entry point into a highly ranked neighborhood without a premium price tag. It suits first-time buyers seeking affordability in a good location, downsizers looking to simplify without leaving a sought-after community, or investors interested in a stable rental property in a high-demand area. The 2019 sale at $143,000, close to the current $148,000 assessment, suggests stable value. The perspective here is that this property is less about the unit itself and more about purchasing a position within a top-tier locale.

Frequently Asked Questions

1. What do the "rankings" actually mean?
They show how this property compares to others in its immediate street, community, and all of Winnipeg. For example, ranking in the top 1% on its street for "overall" means it is considered more desirable than 99% of its direct neighbors, likely due to factors like building management, location within the complex, or views.

2. Is the low square footage a concern?
At 728 sqft, this is a compact home. It ranks in the bottom 7% city-wide for size, meaning it's significantly smaller than average. It would suit a single person, a couple, or someone who prioritizes location and simplicity over space.

3. Why is the assessment close to the 2019 sale price?
This indicates the market value has remained relatively stable over that period, without dramatic increases or decreases. It suggests a predictable, steady market for this type of property.

4. What does "no basement" imply for storage or utilities?
All living space is on one level. Storage will be limited to in-suite closets and possibly a designated locker. Heating, hot water tanks, and other mechanicals will be housed within the unit or in a common building area.

5. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is responsible for the building exterior, roof, common areas, and grounds. The owner pays a monthly fee for this, which covers these costs and contributes to a reserve fund for major future repairs.