5800 Rannock Avenue

Property Overview: 5800 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This well-established Betsworth home is a classic one-storey bungalow built in 1973, sitting on a notably spacious lot of approximately 7,826 square feet. With 1,262 square feet of living space, it features a finished basement and presents a practical, single-level layout. Its appeal lies in a combination of space, value, and established neighborhood character. The property's standout feature is its generous lot size, which ranks in the top 12% across Winnipeg, offering significant outdoor potential for gardening, recreation, or future expansion. While it lacks a garage or pool, the home’s overall assessment value and living area rank competitively, suggesting solid value within its market.

This home would best suit first-time buyers, downsizers, or value-oriented investors seeking a manageable footprint without sacrificing yard space. It’s ideal for someone who prioritizes a large, private outdoor area over modern luxury finishes, and who sees potential in a home that offers room to grow or customize over time. The strong city-wide ranking for lot size indicates a less obvious advantage: a level of privacy and space that is becoming increasingly rare, making it a strategic purchase in a mature community.

Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg for key metrics like size, age, and value. For example, ranking in the top 12% for lot size city-wide highlights a major asset.

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 current configuration and legal status with the municipality if considering rental income.

3. What are the typical property taxes for this assessment value?
With an assessed value of $386,000, prospective buyers should consult the City of Winnipeg's tax rate calculator for an accurate estimate, as taxes are not solely based on assessment value.

4. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider the cost of adding a shed or future parking structure, balanced against the benefits of the large lot.

5. The home is over 50 years old. What should I be mindful of?
While the finished basement is a plus, a home from 1973 will likely have original components, such as the roof, windows, and major mechanical systems (furnace, plumbing). A thorough inspection is essential to understand update timelines and maintenance costs.