5641 Rannock Avenue

Property Overview

This 1964-built bungalow in Betsworth presents a compelling opportunity defined by its generous lot and established setting. Its primary appeal lies in the substantial 14,571 sqft property—a rare find that ranks in the top 2% of all Winnipeg lots for size. This expansive outdoor space, complete with an in-ground pool, offers exceptional room for recreation, gardening, and future expansion. The home itself features a practical single-level layout with a finished basement and an attached garage.

The property suits buyers prioritizing land over a large interior footprint. It's ideal for families seeking extensive private outdoor space, hobbyists or gardeners, or those looking for a home with significant long-term redevelopment potential on a premier lot. The trade-off is an older home that may require updates, making it a strong candidate for buyers with renovation or customization plans. Its high land value relative to the neighbourhood and city underscores its foundational worth.

Key Questions for Consideration

1. What is the condition and maintenance history of the pool? Given the home's age, understanding the pool's operational status, recent servicing, and associated seasonal costs is crucial.
2. How does the interior condition align with the lot's premium? The home ranks average to below-average within its community for living area and age. Prospective buyers should assess how much investment is needed to bring the interior to a desired standard that matches the lot's high value.
3. Are there any development restrictions or bylaws affecting this large lot? The exceptional lot size may present opportunities, but it's important to verify any zoning regulations, setback requirements, or heritage considerations that could influence future renovations or additions.
4. What are the typical utility and property tax costs? For an older home of this size with a pool, obtaining estimates for annual heating, cooling, and property taxes will provide a complete picture of ongoing ownership expenses.
5. Why is the property being sold? Understanding the seller's motivation can provide helpful context, especially for a property with such a standout characteristic (the lot) paired with a more modest dwelling.