71 Scotswood Drive

Property Summary: 71 Scotswood Drive

Key Characteristics & Appeal

This is a well-established, two-storey family home in Betsworth, built in 1976. Its primary appeal lies in its generous 7,471 sqft lot—a significant size that ranks within the top 14% of all properties in Winnipeg for land area. The home itself offers 1,482 sqft of living space with a finished basement and an attached garage, presenting a classic and functional layout.

The property suits buyers looking for a solid, no-frills home in a mature neighbourhood where the land itself is a major asset. It’s ideal for those who value space for gardening, play, or future expansion over a newer build. The 2022 sale price of $535,000, notably higher than the current $457,000 assessed value, suggests the market has previously recognized its worth, potentially indicating a value opportunity for the next owner. While the home’s age places it in the older tier for its immediate street, its overall rankings for size and value within the wider city remain strong, offering a balance of space and affordability.

Frequently Asked Questions

1. How does the age of the home affect its condition?
Built in 1976, the home is 50 years old. Prospective buyers should budget for updates consistent with a house of this vintage and prioritize a thorough inspection of major systems like roof, plumbing, and electrical.

2. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 14%" for lot size in Winnipeg means 86% of city properties have smaller lots. It’s a quick way to gauge its relative strengths.

3. Why was the 2022 sale price higher than the current assessed value?
Assessed value is for municipal tax purposes and can lag behind the private market. The 2022 sale reflects what a buyer was willing to pay at that time, which can be influenced by market conditions, specific buyer demand, and the home’s presentation at sale.

4. Is the finished basement included in the 1,482 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional bonus area not included in that official figure.

5. What is the neighbourhood like?
The property is in Betsworth. Rankings show it sits in the middle of its own community for metrics like age and value but outperforms most of Winnipeg for lot size, suggesting a established area with larger, older lots.