21-120 Scotswood Drive

Property Overview: 21-120 Scotswood Drive

Key Characteristics & Appeal

This is a compact, no-frills condominium unit in a well-established Betsworth building from 1978. With 728 square feet of living space, no basement, and no garage, it represents a straightforward and affordable entry point into the Winnipeg market. Its primary appeal lies in its exceptional value positioning and low-maintenance lifestyle. The property ranks in the top 1% of its immediate street and even higher within the broader community and city for its attractive price point, suggesting it is one of the most competitively priced options available.

It would suit first-time buyers, investors, or downsizers seeking minimal upkeep and a responsible budget. The appeal is pragmatic: it’s for those who prioritize financial efficiency and simplicity over space or modern amenities. A less obvious perspective is its potential as a strategic hold in a mature neighborhood; its age and basic specs are already factored into the price, potentially insulating it from sharper value fluctuations compared to newer, premium units. It’s a home for needs, not wants.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this unit against others on its street, in Betsworth, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking in the top 1% for value means it is priced lower than 99% of comparable listings, highlighting its standout affordability.

2. Are there any monthly condo fees, and what do they cover?
This information is not provided in the available details. A critical next step would be to contact the listing agent or property manager to obtain the condo fee amount and a detailed breakdown of what it includes (e.g., building insurance, exterior maintenance, reserve fund contributions).

3. What is the condition of the interior and common areas?
Given the building's age (48 years), prospective buyers should plan for a thorough viewing to assess the unit's condition, any updates, and the state of shared spaces like hallways and laundry facilities. An inspection is highly recommended.

4. Is parking available?
The listing states there is no garage. It is essential to clarify if there is any dedicated surface parking, unreserved street parking, or a parking lot available for residents.

5. Why is the assessed value relatively low compared to the selling price?
The city's assessed value for taxation purposes often differs from market value. The low assessment here aligns with the unit's modest specs and age, but the market price is determined by current supply, demand, and the unit's competitive ranking for affordability.