5941 Rannock Avenue

Property Overview: 5941 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This 1974-built bi-level home sits on a large, approximately 7,500 sqft lot in the Betsworth neighbourhood. Its key features include a fully finished basement and a split garage. With 1,160 sqft of living space, the property offers practical, single-level living combined with the added versatility of developed lower-level space.

The appeal lies in its established community setting and strong value fundamentals. The home ranks notably well for its assessed value, surpassing 72% of all Winnipeg properties, suggesting it is a competitively priced asset within the market. Its lot size is a significant advantage, ranking in the top 14% city-wide, offering ample outdoor space uncommon in many newer subdivisions. While the structure itself is over 50 years old, its condition appears well-maintained relative to many peers, ranking newer than 76% of homes on its own street.

This property would suit first-time buyers or downsizers seeking a manageable layout without sacrificing yard space. It’s also a practical choice for value-oriented buyers who prioritize land size and municipal assessment equity over brand-new finishes. The finished basement adds immediate functional space for a family, a home office, or a recreation room.

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 specific metrics. For example, ranking in the "top 14%" for lot size in Winnipeg means 86% of city properties have a smaller lot, highlighting a key strength.

2. Is a 52-year-old home a concern?
While older, the rankings indicate it is in relatively newer condition compared to many on its street (top 24%). A thorough inspection is crucial, but the data suggests it has been maintained competitively for its age.

3. Who might the "split garage" suit?
A split garage (typically a two-car garage divided by a wall) is ideal for a household with a workshop, needing storage separation, or with drivers who appreciate not having to coordinate parking closely side-by-side.

4. How usable is a bi-level layout?
Bi-levels offer good separation of living and sleeping areas, with a short flight of stairs to each. The finished basement effectively adds a second living zone, making the home feel larger than its square footage may imply.

5. What is the significance of the high assessment value ranking?
Ranking in the top 28% of Winnipeg for assessed value suggests the property is viewed by the assessor as a substantial asset relative to the market. This can indicate good underlying value and stability, though the final market price is determined between buyer and seller.