Property Overview
This 1974-built, three-level split home at 5829 Rannock Avenue offers a practical layout with a finished basement on a generous 6,609 sqft lot in Betsworth. Its key appeal lies in offering more space—both indoors and out—than many modern offerings, positioned in a mature neighbourhood with established amenities. The home suits first-time buyers or downsizers looking for a manageable 1,077 sqft footprint without sacrificing yard space, and value-oriented buyers who appreciate a home with recent market activity (a 2023 sale at $415,000) providing clear, current price context.
A less obvious perspective is its competitive standing in land size. The lot ranks in the top 20% across Winnipeg, suggesting future potential for expansion or landscaping is a significant, quiet asset compared to newer subdivisions. While the interior living area is fairly standard, the above-average lot size and the presence of a finished basement effectively expand the usable space, offering flexibility for living, storage, or hobbies.
Key Details & FAQs
- Key Characteristics: 3-level split, 1,077 sqft living space, finished basement, large 6,609 sqft lot. Built in 1974.
- Appeal & Suitability: Appeals to those seeking a balance of indoor and outdoor space in a mature area. Well-suited for first-time buyers, downsizers, or investors looking for a property with clear, recent sales history.
- Assessment & Value: Municipal assessment is $405,000. The property last sold in July 2023 for $415,000, and prior to that in July 2019 for $337,000.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows a mix. Its lot size is a major strength, ranking better than 80% of all Winnipeg homes. Its living space is fairly typical for the area, but the finished basement adds functional space. The 2023 sale price ranks higher than two-thirds of Winnipeg sales, indicating it's positioned in the market's upper-mid range.
2. What does the 2023 sale price tell us?
The July 2023 sale at $415,000, close to the current $405,000 assessment, provides a very recent and reliable benchmark for the home's market value. It shows active buyer interest and establishes a clear pricing trend from its previous 2019 sale.
3. Is the lot size a significant advantage?
Yes. A lot of over 6,600 sqft in a mature neighbourhood is increasingly rare. It offers ample private outdoor space, room for gardening, play, or entertaining, and potential for future additions like a garage or shed, subject to local bylaws.
4. Who might this layout suit best?
The three-level split layout offers good separation of living and sleeping areas, which can work well for small families or couples. Those with mobility concerns may want to consider the multiple staircases between levels.
5. What is the neighbourhood like?
Betsworth is a long-established Winnipeg neighbourhood. The "mature community" ranking suggests a mix of original and updated homes. Buyers can expect older tree canopies, developed local amenities, and a stable community feel, often with larger lot sizes than newer developments.