Property Overview
This 1983 bi-level home at 5669 Rannock Avenue offers a well-established family setting in Winnipeg's Betsworth neighbourhood. Its primary appeal lies in its generous, nearly 9,400 sqft lot, which ranks in the top 8% citywide for size, providing exceptional outdoor space for gardening, play, or future expansion. The home features a finished basement and an attached garage. Key data points indicate a property that balances space and value: it ranks highly for lot size and assessment value within its community and across Winnipeg, suggesting a solid, above-average investment in a mature area. It would suit buyers looking for a established neighbourhood character, who prioritize a large yard over a larger house footprint, and who value a home with proven, stable market value.
Key Details & FAQs
- Key Characteristics: 1,184 sqft bi-level with a finished basement and attached garage. Built in 1983 on a 9,368 sqft lot.
- Primary Appeal: The exceptionally large lot (top 8% in Winnipeg) is the standout feature, offering rare outdoor potential. The property also shows strong relative value, ranking in the top 28% citywide for its assessed price.
- Ideal Buyer: Perfect for growing families or outdoor enthusiasts seeking space for activities, gardens, or future projects like a shed or deck. Also suits value-conscious buyers seeking a home with metrics that outperform most of the market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is larger than 92% of homes in Winnipeg, indicating a rare, premium-sized yard. Its assessment value is higher than 72% of city homes, suggesting it's viewed as an above-average asset.
2. Is a 43-year-old bi-level a concern?
While not new, the age is typical for the neighbourhood. The rankings show it is newer than 76% of homes in Betsworth, meaning it's actually on the newer side for the area. A thorough inspection is always advised to understand the condition of major systems.
3. The living space is average, but the lot is huge. What's the trade-off?
This is the core dynamic of this property. You are investing primarily in land and outdoor potential. The home itself provides functional living space, but the unique value is the opportunity for outdoor living, expansion, or simply enjoying a large, private yard—a rarity in the city.
4. Who might this property NOT suit?
It may not suit those seeking a modern, open-concept layout or low-maintenance living, as an older bi-level and a large lot both require a certain level of upkeep and appreciation for established home layouts.
5. The assessment value seems high relative to the home's size. Why?
Municipal assessments factor in the land value. The exceptionally high lot size and its strong rankings within the community and city directly contribute to the overall assessment, reflecting the premium value of the land itself.