5816 Rannock Avenue

Property Overview & Key Characteristics

This 1974-built, one-storey home in Betsworth offers a practical and private living arrangement on a large, 7,446 sqft lot. Its key appeal lies in its established, quiet setting and the significant value derived from its generous land size, which is larger than 86% of properties in Winnipeg. The 946 sqft living space is modest but functional, featuring a finished basement that adds usable area. A split garage provides practical storage.

The property suits first-time buyers or downsizers seeking a manageable single-level layout with low-maintenance potential and room to garden or enjoy outdoor space. It also appeals to value-focused buyers who prioritize land size and long-term equity over a recently built home, understanding that a well-maintained older property on a large lot presents a solid foundation. A thoughtful perspective is recognizing the opportunity in the home’s established neighborhood—mature landscaping and settled communities often offer stability that newer subdivisions are still growing into.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for metrics like lot size and age. For example, its lot size ranks in the top 14% city-wide, meaning it's larger than most, while its living area is more compact than average.

2. Is the finished basement included in the 946 sqft living area?
Typically, the listed living area (946 sqft) refers to above-grade square footage. The finished basement is an additional, valuable space that increases the home's usable area but is calculated separately.

3. What are the implications of the home's age (52 years)?
While the home is older, its systems and structure have stood the test of time. A key consideration will be the age and condition of major components like the roof, windows, and heating system, which a thorough inspection will clarify. Its age also contributes to its character and established lot.

4. Who might this property NOT suit?
It may not suit buyers looking for a modern, move-in-ready home with contemporary open-concept layouts, or those who prefer a brand-new build without any potential renovation projects. The living space is also more compact, so those needing significant room for a growing family may find it limiting.

5. How should I interpret the assessment value?
The municipal assessment of $366,000 is for tax purposes and provides a benchmark. The market value—what a buyer is willing to pay—can be higher or lower based on current market conditions, the home's specific condition, and its desirable large lot.