5824 Rannock Avenue

Property Overview: 5824 Rannock Avenue, Winnipeg

Key Features & Ideal Buyer Profile

This 1974-built, one-storey home in Betsworth offers a practical layout with 946 sqft of living space on a notably large, 7,446 sqft lot. Its key characteristics include a fully finished basement and a detached garage. The home’s primary appeal lies in its established setting and the significant potential offered by its expansive lot—one of the largest in the immediate area, ranking in the top 14% for land size across Winnipeg. While the interior living space is modest and ranks below average for the city, the property’s overall assessed value is competitive, positioned better than 60% of Winnipeg homes.

This property would best suit a pragmatic buyer who values land over square footage. It’s ideal for someone looking for a long-term home with room for additions, gardening, or outdoor projects, or for an investor who sees value in the lot’s future potential. The fully finished basement adds immediate functional space, making it workable for small families, downsizers, or first-time buyers comfortable with a home that offers solid fundamentals rather than modern finishes.

Frequently Asked Questions

1. How does the home’s age affect its condition and value?
Built in 1974, the home is older than 76% of houses on its street, meaning it’s in an established, mature neighbourhood. Buyers should budget for age-appropriate maintenance, but the home’s assessed value remains strong relative to the wider market.

2. The living area seems small. How does the floorplan function?
With 946 sqft above grade, the living space is compact. However, the fully finished basement effectively doubles the usable area, providing crucial extra rooms for family, hobbies, or storage to offset the main floor’s size.

3. What are the real advantages of such a large lot?
The lot size is this property’s standout feature. It offers rare space for privacy, landscaping, recreational areas, or future expansion like a shed, deck, or even an addition—options that are scarce on standard-sized plots.

4. The rankings show mixed performance. What’s the overall picture?
The rankings reveal a property of contrasts: it excels in land size and is relatively newer on its street, but has below-average interior square footage for the city. This creates a value proposition centered on the land asset rather than the size of the house itself.

5. Is the price aligned with the home’s features and the area?
With an assessed value that outperforms 60% of Winnipeg homes, the pricing appears to reflect the premium for the large lot and finished basement, balancing out the modest living area. It suggests a fair market entry point for the unique attributes offered.