Property Overview: 5635 Rannock Avenue, Winnipeg
Key Characteristics & Appeal
This 1985-built, one-storey home in Betsworth sits on a large, approximately 6,676 sqft lot, offering above-average outdoor space for the area. With 1,522 sqft of living space and a finished basement, it provides practical, single-level living. The home's standout appeal lies in its strong positional value: it ranks highly within Winnipeg for lot size, assessed value, and relative modernity for its age, outperforming 80%, 82%, and 68% of city homes in those categories, respectively. This suggests a well-regarded and established setting.
Its appeal is grounded in space, efficiency, and stability. It suits buyers looking for a move-in-ready, low-maintenance bungalow without sacrificing yard size—ideal for downsizers, small families, or those seeking single-level accessibility. The high rankings for assessed value and recent construction (for its cohort) indicate a property that has kept pace with or exceeded area norms, appealing to the value-conscious buyer who views a home as a long-term holding. A less obvious perspective is its potential for a buyer who values data-driven confidence; the consistent top-tier rankings across multiple metrics provide a rare, quantifiable sense of security about the property's fundamental standing in the market.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg for specific metrics. For example, ranking in the top 20% in Winnipeg for lot size means 80% of city homes have a smaller lot. It's a relative measure of its competitive standing.
2. Is a 1985 home considered old?
While 41 years old, the data shows it's newer than 68% of homes in Winnipeg, placing it in the top third for age. In its specific community and street, it ranks even higher (top 19% and 4%, respectively), meaning it's one of the more recent builds in the immediate area.
3. What is included in the "finished basement"?
The listing confirms a finished basement exists but does not specify the finish quality, rooms, or ceiling height. This would require a viewing or inquiry with the listing agent for details on layout, permits, and moisture control.
4. Who determines the $501,000 assessed value, and is it the sale price?
The assessed value is set by the municipal tax authority for taxation purposes and is not the listing price. It is a useful benchmark that shows the home is officially valued in the top 18% of Winnipeg properties, but the market sale price is determined between buyer and seller.
5. What are the implications of such a high lot size ranking?
Ranking in the top 20% in Winnipeg for lot size is significant. It not only offers more private outdoor space but also suggests greater potential for future landscaping, gardening, or additions (subject to zoning bylaws) compared to most city lots, which is a key long-term value driver.