5300 Rannock Avenue

Property Overview: 5300 Rannock Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1963-built bi-level home in Roblin Park offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 9,606 sqft lot—a significant size that ranks within the top 7% of all Winnipeg properties for land area. This creates rare potential for privacy, gardening, expansion, or simply enjoying ample outdoor space in a well-established neighborhood. The home itself, with 1,585 sqft of living space including a finished basement, provides practical, flexible layout options typical of the bi-level style.

The property’s strongest suit is its financial standing. With an assessed value significantly higher than most comparable homes in the area, it suggests a history of improvements or inherent value not immediately apparent from the basic stats. This positions it as a solid, equity-rich asset in a mature community. It would particularly suit buyers who prioritize land over a brand-new build, value the character and space of older neighborhoods, and are looking for a home with a strong assessed value foundation. It’s a property for those who see potential in well-located, substantial lots and are comfortable with a home whose age (63 years) implies a need for thoughtful maintenance or modernization.

Section 2: Frequently Asked Questions

1. What does the high assessment value relative to the neighborhood mean?
It typically indicates that the municipality recognizes a higher value in the property, often due to improvements, its large lot size, or its condition compared to peers. It’s a positive sign for equity but can influence property tax calculations.

2. Is the "finished basement" included in the listed living area?
Usually, the 1,585 sqft figure for a bi-level includes both the upper living level and the finished lower level. It’s best to confirm the exact square footage breakdown of above-ground versus below-ground space.

3. The home's age ranks in the bottom half for the city. What should I consider?
A 1963 home will likely have had major systems (roof, windows, HVAC, plumbing) updated over time. A key focus should be verifying the age and condition of these updates, as well as checking for any foundational or insulation standards of that era.

4. The lot is large, but are there any restrictions on its use?
While offering great potential, large lots in established areas may have specific zoning bylaws regarding subdivisions, setback requirements for additions, or heritage tree protections. Due diligence with the city’s planning department is advised.

5. The community ranking for the property is lower than its street and city rankings. Why?
This suggests that while the home is very strong compared to its immediate neighbors on Rannock Avenue and excels city-wide for lot size and value, Roblin Park as a whole may contain many newer or larger homes, affecting its relative standing within the community boundary.