5224 Rannock Avenue

Property Overview

This home presents a unique opportunity in Winnipeg's Roblin Park neighbourhood. Its primary appeal lies in the combination of a very large, mature lot (over 21,500 sqft) in an established area with a home that offers functional, updated living space. The key characteristic is the land itself, which ranks in the top 1% for size across Winnipeg, offering exceptional outdoor potential, privacy, and rarity for an inner-city property. The house is a classic one-and-a-half storey with a finished basement, providing a practical layout. Its appeal is for buyers who value space and potential over turn-key modernity—it suits someone looking for a character home in a prime location where the value is significantly anchored in the land. It’s ideal for a gardener, a family desiring extensive play space, or a long-term buyer who might envision future expansions or landscaping projects. A thoughtful perspective is that while the home's interior size is modest relative to the lot, this imbalance is precisely what creates the opportunity; the value proposition here is securing a landmark-sized property in the city, with the house itself forming a solid foundation to customize over time.

Frequently Asked Questions

1. What does the lot size actually allow for?
With over half an acre, the possibilities are extensive: large gardens, recreational spaces like a sport court, significant landscaping features, or even future additions like a substantial workshop or studio, subject to local bylaws. It's a rare canvas for outdoor living.

2. How should I interpret the age and ranking of the home (built 1946)?
The rankings show the home is older than most in the area. This typically means you can expect classic construction and character, but also that diligent inspection of major aging components (like roof, plumbing, and wiring) is essential. It's a character home, not a new build.

3. The assessment value is lower than expected given the lot size. Why?
Municipal assessments often lag behind market values, especially for unique properties. The assessment formula may not fully capture the premium value of such an exceptionally large lot in this location. The market price is likely to reflect the rarity of the land.

4. Is the finished basement included in the 1,008 sqft living area?
No, typically the listed living area refers to above-grade square footage. The finished basement provides additional, valuable living space that is not reflected in that main figure.

5. What is the neighbourhood (Roblin Park) like?
Roblin Park is a mature, established neighbourhood known for its larger lots, tree-lined streets, and proximity to parks, the Assiniboine River, and amenities. It offers a quiet, community-oriented feel while still being within the city.