5961 Rannock Avenue

Property Overview

This 1973 three-level split home at 5961 Rannock Avenue offers a practical layout within a generous 7,471 sqft lot in the Betsworth neighbourhood. Its key appeal lies in its established setting and space-efficient design. The 1,157 sqft living area features a finished basement, providing flexible space for recreation, work, or guests. With a detached garage and no pool, it presents a low-maintenance exterior profile. The property’s standout metric is its lot size, which ranks in the top 14% across Winnipeg, offering significant outdoor space relative to the home's footprint—a valuable and increasingly rare combination in the city.

The home would suit first-time buyers or downsizers looking for a manageable size without sacrificing yard space, or investors attracted by its solid city-wide assessment value ranking (top 36%). It’s a grounded choice for those who prioritize a large, private outdoor area over a brand-new build, and who appreciate the character and mature landscaping of an established community.

Frequently Asked Questions

1. What does the "three-level split" layout mean practically?
This design typically features short flights of stairs separating living, sleeping, and basement areas, creating distinct zones and potentially offering more privacy than a standard bungalow or two-storey.

2. How does the large lot size benefit me?
Beyond simple recreation space, a lot of this scale (ranking in the top 14% in Winnipeg) provides room for gardening, future additions like a shed or deck, and a greater sense of privacy from neighbours. It also represents a long-term value anchor in the property.

3. The home was built in 1973. What should I be aware of?
While systems like roofing, windows, and the furnace may have been updated over the years, a pre-purchase inspection is crucial to assess the condition of original components, such as plumbing and electrical, which may be nearing the end of their service life.

4. The community ranking for "newness" is lower. What does that indicate?
This reflects that Betsworth is an established, mature neighbourhood. The lower ranking isn't a negative; it signifies stability, mature tree canopies, and a settled community feel, as opposed to a newer subdivision still under development.

5. How should I interpret the assessment value versus the asking price?
The assessed value ($397,000) is a municipal calculation for tax purposes and is not a market appraisal. It is a useful benchmark, showing the home ranks well compared to Winnipeg overall. The asking price will be determined by current market conditions, recent upgrades, and the seller's strategy.