Property Overview: 5821 Rannock Avenue, Winnipeg
Key Features & Ideal Buyer
This 1974-built bi-level home sits on a generous 6,609 sqft lot in Betsworth. Its key characteristics include a finished basement, a split garage, and 924 sqft of living space. The appeal lies in its established neighbourhood setting combined with strong value metrics. The property ranks in the top 20% of all Winnipeg homes for lot size and has been well-maintained for its age, ranking newer than 76% of houses on its own street. It suits practical, value-oriented buyers such as first-time homeowners or downsizers looking for a manageable footprint without sacrificing yard space. It’s also a candidate for buyers who see potential in properties with solid fundamentals—like a large lot and a finished basement—where cosmetic updates could add personal value over time. The 2020 sale price provides a clear recent benchmark, suggesting a stable history.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others locally. Key takeaways: its lot size is a major asset (top 20% in Winnipeg), while the living space is more modest. Its assessed value ranks higher than its last sale price did, which may indicate perceived value growth.
2. Is a 52-year-old bi-level a concern?
The age is typical for the area, and the data shows it’s newer than most on its street. A thorough inspection is always advised, but the rankings suggest the property has been kept in relatively good condition compared to its peers.
3. Who might this property NOT suit?
Buyers seeking a large, open-concept interior or modern turn-key condition may find the living space layout and era-appropriate features require compromise or renovation.
4. How significant is the lot size?
At over 6,600 sqft, the lot is well above average. This offers ample outdoor space for gardening, recreation, or future expansion (subject to bylaws), which is a growing priority for many and a less replaceable feature than interior finishes.
5. What’s the context of the 2020 sale?
Sold for $300,000 in mid-2020, it now has an assessed value of $359,000. This change reflects broader market movements and the property’s improvements. It provides a useful reference point for understanding the owner’s equity and the market’s trajectory in the area.