5411 Rannock Avenue

Property Overview: 5411 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This is a distinctive 4-level split home built in 1961, situated on an exceptionally large, approximately half-acre lot (21,781 sqft) in the Roblin Park neighbourhood. Its primary appeal lies in the rare combination of generous, private outdoor space and a functional multi-level layout. The home itself offers 1,618 sqft of living space with a finished basement, providing room for a growing family or those who value distinct living zones.

The property’s standout feature is its land. The lot size ranks in the top 1% for all of Winnipeg, offering unparalleled potential for gardening, recreation, or future expansion. This creates a semi-rural feel within a city neighbourhood. While the home is older and the assessment value is modest for the area, the appeal is for a buyer who sees value in the asset of the land itself. It would suit a practical buyer looking for a long-term family home with room to grow, a nature enthusiast craving a private outdoor sanctuary, or a visionary who sees the potential to gradually update the home while already enjoying one of the city's largest private yards.

Frequently Asked Questions

1. What does the ranking data for the lot size actually mean?
The rankings show this property's lot is larger than 99% of all homes in Winnipeg, placing it in the top 1%. In practical terms, you are purchasing a property with land area more typical of a rural setting, which is extremely uncommon within the city.

2. The home was built in 1961. What should I consider?
As a 65-year-old home, buyers should budget for maintenance and updates consistent with its age. The positive perspective is that the home has proven its durability, and its value proposition is heavily weighted toward the irreplaceable land, not just the structure.

3. There is no garage. Is adding one feasible?
The vast lot size provides ample space to add a garage or workshop, subject to local zoning and permitting. This is a key opportunity that most city lots cannot offer.

4. How does the lower assessment value impact this purchase?
The assessment is for municipal tax purposes and may not reflect market value, especially for a unique property like this. The price will be determined by what buyers are willing to pay for the rare combination of a very large lot and a liveable home. It may also influence property taxes relative to similar-sized lots with newer, more expensive homes.

5. What is it like living in a 4-level split?
This layout offers good separation between living and sleeping areas, often with distinct zones on different half-levels. It can be efficient for family living but involves more stairs than a bungalow or two-story home. The finished basement adds to the functional living space.