5812 Rannock Avenue

Property Overview

This 1973-built, single-storey home in Betsworth offers a practical and spacious family layout on a large, mature lot. Its key appeal lies in the combination of a fully finished basement, generous land size of over 7,400 sqft, and a layout that provides ample living space at 1,306 sqft. The property presents a solid, no-frills value proposition, ranking notably high city-wide for its lot size. It suits buyers looking for a move-in-ready home with room to grow outdoors, who prioritize space and functionality over modern aesthetics. It’s particularly well-matched for first-time homeowners needing room for a family, or downsizers seeking single-level living without sacrificing yard space or storage, thanks to the attached garage and developed basement.

Frequently Asked Questions

1. What is the neighbourhood like?
Betsworth is an established, mature community. The property's rankings indicate it is a fairly typical home for the area in terms of age and value, but it sits on a larger-than-average lot compared to most in Winnipeg.

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 compliance with local regulations if considering rental income potential.

3. How does the 53-year-old age of the home affect things?
While systems and components like the roof, windows, and plumbing may be due for updates or replacement, the home's age is reflected in its price. It offers the character and lot size of an older neighbourhood, and a thorough inspection will be key to budgeting for any modernizations.

4. The city-wide rankings for lot size are very high. What does that mean practically?
Ranking in the top 14% of Winnipeg for lot size means you are getting a significant amount of outdoor space—a rarity in many newer subdivisions. This allows for gardening, play areas, expansions, or simply more privacy.

5. Why is the assessed value a useful metric here?
With an assessed value close to the asking price, it suggests the listing is grounded in the city's official valuation. This can provide confidence in the price point relative to the market and may indicate less negotiation room compared to a home listed far above its assessment.