5808 Rannock Avenue

Property Overview: 5808 Rannock Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Betsworth home is a classic 1974-built 3-level split, offering a practical layout over 1,076 sq ft of living space with a finished basement. Its standout feature is the generous 7,446 sq ft lot, providing ample outdoor space that ranks highly compared to most properties in Winnipeg. The home includes a split garage and has seen updates since its last sale in 2019.

The appeal lies in its balance of space, location, and value. The large lot is a significant asset for gardening, recreation, or future expansion, offering a level of privacy and room that is becoming rarer. While the interior living space is modest, the finished basement adds functional area. Its assessed value suggests it is positioned in a desirable segment of the market.

This property would suit first-time buyers or downsizers looking for a manageable home with a premium-sized yard in a mature neighborhood. It’s also a practical choice for value-oriented buyers who see potential in the land itself or are comfortable with a home that may benefit from gradual, personal updates.

Section 2: Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is notably large at 7,446 sq ft, placing it in the top 14% of all residential properties in Winnipeg for size. This is a key advantage over newer subdivisions.

2. What is the significance of the home being a "3-level split"?
This popular 1970s design creates distinct living zones across multiple half-levels, often offering good separation between living and sleeping areas. Buyers should view the layout in person to ensure the stair configuration suits their lifestyle.

3. Based on the data, how is the home positioned in the market?
The assessment value ranks higher than its living area or age, indicating the market places significant value on the combination of the lot, location, and the property as a whole. It appears to be valued more for its land and overall package than for a large or modern interior.

4. Has the property appreciated since 2019?
The 2019 sale price was $360,000. The current assessed value is $412,000. While assessments are not market prices, this suggests a positive trend in value over the period.

5. What might the rankings for "Age" and "Living Area" imply?
The home is older and has less interior space than many properties in the city. This indicates it is a classic, established home rather than a new or expansive one. The value proposition centers on the land, neighborhood stability, and the potential within the existing footprint.