5344 Rannock Avenue

Property Overview

This 1961-built bungalow in Roblin Park offers a practical and spacious family living environment. Its primary appeal lies in the generous 9,000 sqft lot, which is significantly larger than most in Winnipeg, placing it in the top 8% of the city for land size. This provides ample outdoor space for gardening, recreation, or future expansion. The home itself features 1,165 sqft of living space with a finished basement, presenting a solid, move-in-ready canvas. Recent market activity is positive, with a sale at $420,000 in August 2024, reflecting a strong appreciation from its 2017 sale price.

The property suits buyers looking for a established home in a mature neighbourhood with a premium on outdoor space. It's ideal for families or individuals who value a large yard over a newer build. The one-storey layout may also appeal to those planning for long-term, accessible living. A thoughtful perspective is that while the home's age and interior size are average for its area, the lot size is a standout, appreciating asset that is increasingly rare, offering both privacy and potential that newer subdivisions often lack.

Frequently Asked Questions

1. How does the recent sale price compare to the city assessment?
The home sold for $420,000 in August 2024, which is approximately $29,000 above its current assessed value of $391,000. This indicates strong buyer demand and market value exceeding the municipal assessment for this property.

2. What does the "ranking" data for land and age actually mean?
The rankings compare this home to others in its immediate street, broader community, and all of Winnipeg. For example, its land size surpasses 92% of all Winnipeg properties (top 8%), but its 1961 build year is newer than only 39% of city homes (top 61%). This shows you're getting a lot that's well above average in a home that's of a typical, established age for the city.

3. Is the finished basement included in the 1,165 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The 1,165 sqft is likely the main floor area. The presence of a finished basement adds additional living space, but it is not usually counted in the official square footage figure provided.

4. What is the significance of the "split" or "分体" garage?
A split garage, often called a tandem garage, is typically a two-car garage where one parking space is behind the other, rather than side-by-side. This design can affect parking convenience but is a common feature in many older bungalow designs to accommodate a narrower lot frontage.

5. The community ranking for home size shows it surpasses only 35% of others. Does this mean the house is small for the area?
It suggests the interior living space is slightly below the median for Roblin Park. However, this is balanced by the lot size, which is in the top 15% for the community. The value proposition here shifts from interior square footage to exterior space and the potential it holds.