5809 Rannock Avenue

Property Overview

This 1973-built, single-storey home on a spacious 6,609 sqft lot offers a practical and straightforward living space. Its key appeal lies in its relative value and established neighbourhood setting. With 1,262 sqft of living space and a finished basement, it provides functional room for daily life. The property's standout characteristic is its land size, which places it in the top 20% of all lots in Winnipeg, offering significant outdoor potential. However, its assessed value is notably lower than many in its immediate area, suggesting it may be an opportunity for buyers comfortable with a home of its era. It would suit a first-time buyer, a downsizer looking for minimal stairs, or a value-oriented investor seeking a property with a large lot in the city. The lack of a garage is a trade-off for the lot size and price point.

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 20%" for lot size city-wide means 80% of Winnipeg homes sit on smaller lots, highlighting a key asset.

2. Is the lower assessment value a concern?
Not necessarily. It often reflects the home's original build year and modest finishings compared to renovated neighbours. For a buyer, it can indicate a lower property tax base and room to add value through updates.

3. What are the implications of a house built in 1973?
You benefit from mature trees and an established neighbourhood. Be prepared for potential updates to major systems like roofing, windows, or plumbing, which may be nearing the end of their typical lifespan.

4. How important is the lack of a garage?
This depends on lifestyle. For some, it's a significant drawback. For others, the large lot presents an opportunity to add a garage or shed, subject to local bylaws, making it a project to customize the property.

5. Who might this property not suit?
It may not be ideal for someone seeking a modern, turn-key home without projects, or for a buyer who requires abundant indoor storage or dedicated parking for multiple vehicles.