5417 Rannock Avenue

Property Overview

This home presents a compelling blend of generous outdoor space and classic character in the sought-after Roblin Park area. Its primary appeal lies in its exceptionally large, half-acre lot (23,375 sqft), which ranks in the top 1% of properties in Winnipeg for size. The property features a rare in-ground swimming pool and a split garage, offering significant potential for outdoor living, recreation, and future expansion. The house itself is a solidly built one-and-a-half storey home from 1946 with a good amount of living space (1,776 sqft), ranking well above average for its street and city.

The home is ideally suited for buyers who prioritize land and potential over turn-key perfection. It would appeal to a family or multi-generational household looking for a private, resort-like backyard oasis in the city, or to a visionary buyer comfortable with gradual updates. The unfinished basement and the home's age indicate a project-ready property, perfect for someone wanting to customize their space over time. A less obvious perspective is its appeal to buyers seeking a "land bank" opportunity in a prime neighborhood, where the value of the lot itself is a substantial and enduring asset.

Frequently Asked Questions

1. What does "ONE & 1/2 STOREY" mean for the layout?
This style typically features main living areas and possibly bedrooms on the ground floor, with additional finished or unfinished space under sloping rooflines on the upper level. The specific layout would need to be verified by a viewing.

2. The house was built in 1946. What should I be aware of?
While the structure has proven its durability, a pre-purchase inspection is highly recommended. This will assess the condition of major systems (plumbing, electrical, roof) common to homes of this era and identify any necessary updates or maintenance items.

3. How does the unfinished basement affect living space and value?
The 1,776 sqft living area does not include the basement. The unfinished space presents both a cost and an opportunity: it requires investment to finish but offers significant potential to add customized living, storage, or utility space, thereby increasing the home's overall functionality and value.

4. The lot is huge. Are there any restrictions on what I can build?
While the lot offers exceptional space, all additions, new structures (like a garage or shed), or pool enclosures would be subject to local zoning bylaws and require proper permits. It's advisable to consult with the city planning department for specific regulations.

5. The assessment value is $438,000. How does that relate to the listing price?
The assessed value is for municipal tax purposes and is based on mass appraisal techniques. It is a data point but does not necessarily reflect the current market value, which is determined by recent sales of comparable properties, the home's condition, and current buyer demand. The listing price will be set by the seller in consultation with their agent based on the market.