5334 Rannock Avenue

Property Overview & Appeal

This 1946 one-and-a-half storey home in Roblin Park is defined by its generous scale and established setting. Its key characteristic is a substantial 10,471 sqft lot, placing it in the top 5% of Winnipeg for land size, offering rare potential for gardens, recreation, or expansion. The 1,890 sqft living area is also well above average, providing ample interior space. The home presents a classic post-war layout with an unfinished basement and a detached garage.

Its primary appeal lies in being a "blank canvas" property on a premier lot. It suits buyers looking for a long-term family home in a mature neighbourhood where the value is firmly rooted in the land itself. It’s ideal for a hands-on buyer who envisions customizing or updating the interior to their taste over time, or for those who prioritize expansive outdoor space over turn-key finishes. A less obvious perspective is its appeal to multi-generational families, where the large lot and sizable floor plan offer flexibility for future additions like a suite or separate entrance.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for this era of home?
This style usually features a main floor with principal living spaces and a second floor with sloped ceilings following the roofline, often housing bedrooms. It's a classic Winnipeg design known for character and efficient use of space.

2. The house is older; what should I budget for immediate updates?
While systems may have been updated over time, a prudent budget should account for potential updates to roofing, windows, and mechanical systems like plumbing or electrical, given the home's age. An inspection is crucial.

3. How does the unfinished basement affect living space and value?
It provides excellent storage and mechanical space but does not count as finished living area. For a buyer, it represents both a cost-saving (as you’re not paying a premium for a renovation) and future opportunity to add significant value.

4. The lot is very large. Are there any restrictions on how it can be used?
You should verify with the city regarding zoning bylaws. While it allows for great flexibility for gardens, play structures, or parking, there will be rules governing the placement of any future structures like sheds, garages, or home additions.

5. The assessment value is lower than expected given the lot size. Why?
Municipal assessments often weigh the value of the building heavily. Here, the assessment likely reflects the age and condition of the structure itself, while the market value will significantly factor in the premium for the exceptionally large, desirable lot.