5535 Rannock Avenue

Property Overview & Key Characteristics

This 1984-built bungalow in Betsworth offers a practical and spacious family footprint on a large, 8,654 sqft lot. Its primary appeal lies in its above-average scale and established setting. With 1,733 sqft of living space, it provides more room than most homes in Winnipeg, while the unfinished basement presents a clear opportunity for customization and added value. The property ranks highly within its immediate area for lot size, living area, and recent construction date, indicating a solid, well-sized home for its neighbourhood.

Its appeal is grounded in space and potential. It suits buyers looking for a move-in-ready main floor with the long-term project of finishing a basement to suit their needs. It would particularly fit growing families seeking room to spread out indoors and outdoors, or value-oriented purchasers who see the benefit in a larger, unrenovated canvas they can personalize over time. A less obvious perspective is its attractiveness to multi-generational families; the single-level living is accessible, and the unfinished basement could eventually be developed into a separate suite.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a full basement with rough-in for utilities, awaiting drywall, flooring, and finished ceilings. It represents both a project and an opportunity to add significant living space and value according to your own specifications.

2. How does the 1984 build year affect the home?
While not new, a home from this era often benefits from modern standards like 200-amp electrical service and efficient furnace designs, but may still require updates to elements like windows, insulation, or roof shingles due to its age.

3. The lot is large, but how is the property positioned?
The substantial lot size is a key feature. It offers ample backyard space for recreation, gardening, or future additions like a deck or shed. It's worth viewing the street imagery to assess the home's placement and the neighbourhood's general streetscape.

4. What is the significance of the high ranking for "Assessment Value"?
Ranking higher than 88% of homes on its street for assessed value suggests the municipality views this property as one of the more substantial and valuable homes in the immediate area, which is a positive indicator for its underlying worth.

5. Is this a good option for someone wanting a move-in-ready home?
The main living areas are move-in ready, but the basement is a blank slate. This home is best for buyers comfortable with a property that is liveable now but has a clear, defined project for future expansion and customization.