Property Overview: 5545 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established two-storey home in the Betsworth neighbourhood, built in 1985. Its primary appeal lies in its generous proportions, both indoors and out. The nearly 1,900 sqft of living space ranks in the top 12% city-wide, offering ample room for a growing family or those who value space. This is complemented by a large, private lot of over 9,400 sqft, providing exceptional outdoor potential for gardening, play, or future additions.

The home’s strength is its established, mature setting. It sits on a street where it outperforms most neighbours in terms of lot size, living area, and assessed value, suggesting it's a standout property in the area. A fully finished basement adds valuable functional space. It would particularly suit buyers looking for a "blank canvas" home with solid fundamentals—a large yard and spacious interior—in a mature community, who are comfortable with a property of this age and may have plans to update or personalize it over time. The high city-wide rankings for lot and living space indicate you are getting more physical property for your investment compared to the majority of Winnipeg homes.

Frequently Asked Questions

1. What is the neighbourhood like?
Betsworth is a mature, established neighbourhood. The property's high rankings within its own community for size and value suggest it is among the more substantial homes in the area, offering a sense of space and privacy that can be harder to find in newer subdivisions.

2. Is the house updated or in original condition?
The listing notes a finished basement but does not specify recent renovations to key areas like the kitchen or bathrooms. Given the 1985 build date, prospective buyers should be prepared for the possibility of cosmetic updates or systems (like roof, windows, HVAC) approaching the end of their typical lifespan.

3. There's no garage. Is adding one feasible?
The exceptionally large lot (over 9,400 sqft) is a major asset here and could potentially accommodate a future garage or workshop, subject to local zoning and setback bylaws. This lot size offers flexibility that many newer properties do not.

4. How does the assessed value relate to the asking price?
The property's municipal assessment is $527,000, which places it in the top 14% of Winnipeg homes for assessed value. This indicates the city views it as a high-value property for its area, but the final sale price will be determined by current market conditions.

5. What does the 2017 sale history tell us?
The home sold for $419,000 in 2017. The significant increase in its assessed value since then reflects both market appreciation and the fact that its large lot and living area are highly valued metrics in Winnipeg's property assessment system.