5644 Rannock Avenue

Property Overview & Key Characteristics

This 1971-built bungalow in Betsworth offers a classic and practical layout on a large, approximately 9,115 sqft lot. Its key appeal lies in the combination of generous outdoor space and a fully finished basement, effectively doubling the usable living area beyond the main floor's 1,311 sqft. The home presents a solid, move-in-ready foundation with a connected garage.

Its standout feature is the lot size, which ranks in the top 8% of all Winnipeg properties, offering significant potential for gardening, expansion, or simply enjoying ample private space. While the build year is older, the home's assessed value ranks highly within its immediate area, suggesting it is well-maintained and positioned as a strong value proposition in its locale.

This property would suit first-time buyers or downsizers looking for a manageable single-story layout without sacrificing yard space. It's also a practical choice for investors or families seeking a home with "good bones" on a large lot, where future updates can be made over time while building equity in a desirable land parcel.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg. For example, being in the top 8% for lot size city-wide confirms the lot is exceptionally large. The high rankings for assessed value indicate it is valued more highly than most comparable nearby homes.

2. Is the older build year (1971) a concern?
While the home is over 50 years old, its above-average assessment rankings suggest it has been maintained well relative to its peers. Buyers should prioritize a thorough inspection focused on age-related systems like plumbing, electrical, and the roof, but the data indicates the property holds its value in the neighborhood.

3. What are the benefits of a fully finished basement?
It immediately adds functional living space without the need for renovation, which could be used as a recreation room, separate apartment, or additional bedrooms. This is a key advantage for maximizing the home's footprint.

4. Who might find this property particularly appealing?
Beyond the obvious fit for those wanting a bungalow, the huge lot is a major draw for anyone placing a premium on outdoor privacy and space over a brand-new interior. It offers a blank canvas for landscapers, gardeners, or those who envision adding a deck or patio.

5. How does the value compare?
The assessment value ranks in the top quarter city-wide and even higher on its street, suggesting the official valuation sees this as a strong property for its area. This can be a positive indicator for both mortgage lending and long-term value retention in Betsworth.