3-120 Scotswood Drive

Property Overview: 3-120 Scotswood Drive, Winnipeg

Key Characteristics & Appeal

This is a well-situated, no-fuss condo unit in the Betsworth area, built in 1978. With 937 square feet of living space, it offers a practical footprint. Its standout feature is its exceptional location-based ranking: it places in the top 1% of homes on its street and the top 0% within its broader community and all of Winnipeg for its lot size/position, suggesting a highly desirable and potentially quiet setting within the complex.

The appeal lies in its simplicity and value. With no basement or garage to maintain, it suits a low-maintenance lifestyle. The very strong locational rankings indicate a premium spot within the neighborhood, offering stability and a sense of place that outweighs the building's age. It would perfectly suit a first-time buyer, a downsizer, or an investor seeking an affordable, "hands-off" property in a well-regarded location. The price point, reflected in an assessed value of $179,000, aligns with a manageable entry into the market.

Frequently Asked Questions

1. What does the "top 0%" community ranking actually mean?
This ranking is based on the property's lot size/configuration compared to others. Being in the top 0% (1 out of 1,485) in its community suggests this specific unit has one of the most favorable positions within the entire condo complex or neighborhood, likely offering more privacy, better greenspace, or a more premium feel than its neighbors.

2. Are there any concerns with a building from 1978?
While the building is nearly 50 years old, its strong rankings suggest it is well-maintained and competitively positioned. A careful review of the condo corporation's reserve fund study, financial health, and recent special assessments (if any) is essential to understand future maintenance obligations.

3. Who is responsible for exterior and grounds maintenance?
As a condo, the corporation is responsible for exterior building maintenance, roofing, landscaping, and common areas. This is a key benefit for buyers seeking freedom from yard work and major exterior repairs.

4. Where will my guests park, since there's no garage?
You would need to clarify with the condo board about the visitor parking policy. Typically, condo complexes provide designated visitor spots, but their availability and rules vary.

5. The assessed value seems low relative to the location rankings. Why?
Municipal assessments primarily reflect square footage, age, and basic features, not the nuanced premium of a specific unit's location within a complex. The strong rankings hint at a "hidden value"—the intangible benefit of the best lot on the block—which may not be fully captured in the assessment but is a real asset for livability and future resale.