5631 Rannock Avenue

Property Overview

This 1984-built bungalow in Betsworth offers a practical, single-level layout on a spacious, mature lot. Its key appeal lies in being a well-maintained, move-in-ready home that provides above-average space and value for its neighborhood. At 1,429 sqft of living space with a finished basement and an attached garage, it caters to those seeking functional living without excessive upkeep. The nearly 6,000 sqft lot is a significant asset, offering ample outdoor potential.

The home’s competitive positioning is clear from its value rankings: it sits in the top third of Winnipeg for both lot size and overall assessed value, suggesting a solid investment relative to the broader market. It would suit first-time buyers looking for a substantial property to grow into, downsizers wanting a manageable bungalow with room for hobbies or family visits, or value-focused investors seeking a stable rental in a well-established area. A less obvious perspective is that while the home is older, its newer ranking on the street (top 6%) indicates it’s among the more recent builds in the immediate area, potentially meaning fewer major system updates compared to neighbors.

Frequently Asked Questions

1. What is the neighborhood like?
Betsworth is a mature, established community in Winnipeg. The property rankings show this home's value and lot size are strong within the community, suggesting it's in a desirable pocket of the neighborhood.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations if considering rental income.

3. How does the assessed value relate to the asking price?
The municipal assessment is $470,000, which places the home in the top 22% city-wide for value. This is a useful benchmark, but the final sale price will be determined by current market conditions.

4. What might the "spacious lot" allow for?
At nearly 6,000 sqft, the lot offers room for expansions like a large deck, garden, or shed. It's worth checking municipal bylaws for any plans like adding a garage or secondary structure.

5. Are there any concerns with a 42-year-old home?
While the home is well-ranked by age for its street, a professional inspection is crucial. Key focuses should be the roof, windows, and major mechanical systems (furnace, plumbing) which may be nearing or past their typical lifespans.