5129 Rannock Avenue

Property Overview

This 1.5-storey home in Roblin Park is defined by its exceptional, nearly half-acre lot—a rare urban oasis that places it in the top 1% of Winnipeg properties for land size. Built in 1952, the 1,525 sqft home features a finished basement and a detached garage. Its standout appeal lies not in the house itself, which is of average size and age for the area, but in the immense potential of its expansive, private grounds. The property suits buyers who prioritize outdoor space for gardens, recreation, or future expansion over a modern, turn-key home. It’s a solid canvas for those comfortable with gradual updates or additions, offering a unique blend of established neighborhood charm and remarkable land value rarely found within the city.

Key Details & Questions

What are the key features of this property?
The defining feature is the 19,563 sqft lot, which is exceptionally large. The home itself is a 1.5-storey layout with 1,525 sqft of living space, a finished basement, and a detached garage, built in 1952.

How does this property compare to others in the area?
The land size is its superpower, ranking in the top 1% city-wide. The house is above average in size for its immediate street but is an older build, ranking in the bottom third for age within the neighborhood.

Who would this property be best for?
It’s ideal for buyers seeking unparalleled outdoor space—whether for gardening, family play, or future projects like a workshop or addition. It suits those who see the value in the land itself and are prepared to live in or gradually update a character home.

What should I consider about the home’s condition?
Given its age (74 years), a thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the roof. The value proposition here is the land, so the home may require ongoing maintenance or updates.

Is the price reflective of the house or the land?
The assessed value suggests a premium for the overall property package. The price likely reflects the scarcity of such a large lot in the city more than the specific features of the dwelling, positioning it as a long-term investment in space and location.