5921 Rannock Avenue

Property Overview

This 1974-built, single-storey home on a large 7,474 sqft lot in Betsworth offers practical living space with a finished basement. Its key appeal lies in its above-average lot size and established, no-fuss character. The home ranks highly city-wide for lot size (top 14%) and offers more living space than over half the homes in Winnipeg. It suits first-time buyers seeking a manageable footprint with room to grow outdoors, or value-focused purchasers looking for a solid entry into the market without the premium for newer construction or a garage. A thoughtful perspective is that while the home's assessed value is moderate, its last sale price in 2016 was notably lower, suggesting it may represent a relative value play in its area for those comfortable with a home from the 1970s.

Frequently Asked Questions

1. How does the lot size compare to others?
The lot is a significant feature at 7,474 sqft, ranking larger than 86% of all residential properties in Winnipeg, offering ample outdoor space.

2. Is the basement included in the listed living area?
No. The 1,262 sqft living area refers to the above-ground space. The home also has a separate, finished basement, adding functional square footage.

3. What does the home's ranking for "Build Year" mean?
Built in 1974, the home is newer than 76% of houses on its street, but is around the median age for the broader city. It's in an established neighbourhood, not a new development.

4. Why was the 2016 sale price lower than the current assessment?
Sale prices are specific to market conditions at the time of sale. The 2016 transaction occurred at a different market point, while the current assessment reflects a municipal valuation for taxation purposes.

5. What are the implications of not having a garage?
The lack of a garage means lower maintenance and property taxes, but requires alternative plans for vehicle parking and storage. The large lot does offer potential for adding a garage or shed, subject to local bylaws.