Property Overview: 5661 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established family home in the Betsworth area, built in 1971. Its primary appeal lies in its generous scale and mature setting. The property sits on a large, approximately 13,000 sqft lot, which ranks in the top 3% for size across Winnipeg, offering exceptional outdoor space for gardening, play, or future expansion. The 1,498 sqft bungalow provides comfortable single-level living with a finished basement, adding to its usable space. It features an attached garage and ranks highly within its immediate area for both lot size and assessed value.

The home suits buyers looking for a solid, no-fuss property where the land itself is a major asset. It’s ideal for families or downsizers who prioritize space and privacy over a newer build, and for those who see potential in a home that may benefit from updates over time. A thoughtful perspective is that while the structure is over 50 years old, its standout rankings for lot size and value in a broad city-wide context suggest a enduring, foundational investment in a desirable neighbourhood—a rare find as newer developments typically offer much smaller plots.

Frequently Asked Questions

1. What does the high ranking for lot size actually mean?
It means this property’s land area is larger than 97% of all residential properties in Winnipeg, placing it in the top 3%. This is its most competitive feature, indicating significant outdoor space and potential.

2. The house was built in 1971. What should I consider?
While the structure is mature and may require attention to systems like roofing, windows, or plumbing, the home presents an opportunity. Its high assessment value ranking suggests the property is well-regarded overall. A pre-purchase inspection is essential to understand the condition and any needed updates.

3. Who is the typical buyer for this home?
It best suits practical buyers who value space and location over a modern turn-key home. This could include families seeking a large yard, value-oriented investors, or owners planning to renovate over time on a prized lot.

4. How does the finished basement affect living space?
The finished basement adds flexible space to the 1,498 sqft main floor, which can be used for recreation, guests, or storage, effectively increasing the home’s total usable area without increasing property tax assessments based on the listed figures.

5. The rankings show different percentages for street, community, and city. Which is most important?
Each serves a different purpose. The city-wide ranking (e.g., top 3% for lot size) highlights the property’s standout features in the broader market. The community and street rankings show how it compares to immediate neighbours, which is more relevant for day-to-day living and understanding the local character. Here, the lot size is exceptional at all levels.