5804 Rannock Avenue

Property Overview

This 1973-built, one-storey home on a large 7,447 sqft lot in Betsworth offers practical, single-level living. Its key appeal lies in the combination of a spacious, private yard and a fully finished basement, effectively expanding the 946 sqft main floor into a more functional living space. The home suits first-time buyers seeking a manageable footprint with room to grow, or downsizers looking for a bungalow layout without sacrificing yard space. Its strong city-wide ranking for lot size (top 14%) indicates a premium outdoor area that is increasingly rare, while the recent 2021 sale suggests a modern transaction history for easier financing. A thoughtful perspective is that while the interior size is modest, the property's value is significantly anchored in its land and location—a stable, established neighbourhood where it outperforms over half the homes in recent sales price.

Key Details & FAQs

• Key Characteristics: 3-bed, 1-bath bungalow with a fully finished basement, attached garage, and no pool. Built in 1973.
• Lot Size: 7,447 sqft, ranking in the top 14% of all Winnipeg lots for size.
• Living Space: 946 sqft of main floor living area.
• Assessment & Value: Current assessed value is $398,000. It last sold for $430,000 in August 2021.

Frequently Asked Questions

1. Is the house too small at under 950 sqft?
While the main floor is compact, the fully finished basement significantly adds to the usable living area, making the home more spacious than the square footage suggests. The layout is typical of practical 1970s bungalows.

2. How does the 2021 sale price compare to the current assessment?
The home sold for $430,000 in 2021, which is above the current $398,000 assessment. Assessments can lag behind market trends, and the sale price is often a more current indicator of its market value.

3. What does the lot size ranking actually mean?
Ranking in the top 14% in Winnipeg for lot size means this property's yard is larger than 86% of lots in the city. This is a major feature, offering exceptional outdoor space for gardening, play, or future expansion.

4. Is a 53-year-old home a concern?
The age is typical for the neighbourhood. The more relevant factors are the maintenance and updates it has received over time. A recent sale in 2021 also indicates systems and structure were deemed acceptable by both a buyer's inspector and their lender.

5. Who would this neighbourhood suit best?
Betsworth is an established, mature community. It suits buyers looking for stability, larger lot sizes, and a quiet residential feel rather than new-built amenities. Its rankings show it is a solidly middle-of-the-pack performer within its own immediate area.