5666 Rannock Avenue

Property Overview: 5666 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-established, spacious bungalow in the Betsworth area, built in 1969. Its primary appeal lies in its generous, mature lot of over 10,500 square feet—a significant and increasingly rare asset that places it in the top tier of properties in Winnipeg for land size. The home itself offers 1,392 sqft of living space with a finished basement and an attached garage, presenting a classic and functional layout.

The property’s strength is its proven stability and space. Recent sale data and assessment values are closely aligned, suggesting a realistic market price. Its standout rankings—particularly outperforming 95% of Winnipeg for lot size and 74% for assessed value—indicate a property with a solid, above-average foundation. This isn’t a flashy new build, but a home with established roots and room to grow or enjoy.

It would ideally suit buyers who prioritize outdoor space over a brand-new interior—perfect for families, gardeners, or anyone seeking a large private yard. It also appeals to value-oriented purchasers looking for a home with proven equity and the potential to customize over time, rather than paying a premium for recent renovations.

Frequently Asked Questions

1. What is the true standout feature of this property?
Beyond the home itself, the nearly quarter-acre lot is the most significant asset. This much space in the city is uncommon and offers long-term value, whether for recreation, expansion, or simply enjoying a private, established setting.

2. The house was built in 1969. What should I consider?
While the structure has proven durable, a home of this age will likely have had various updates over the decades. A key focus should be on the condition of major systems (like plumbing, electrical, and the roof) and the quality of the basement finishing, to understand any future maintenance priorities.

3. How do the ranking percentages work?
These rankings compare this property against specific groups. For example, “in Winnipeg超越95%的其它房屋” means this lot is larger than 95% of all residential properties in the city. It’s a quick way to see where this home excels (lot size, value) or is more typical (age, living space).

4. The recent sale price is slightly below the assessed value. Is that typical?
Yes, this is common and indicates a balanced market transaction. The close alignment between the December 2024 sale price ($425,000) and the current assessed value ($449,000) suggests the sale was seen as fair and the assessment is grounded in recent market activity.

5. What kind of neighborhood is Betsworth?
Betsworth is a mature, established community. The high rankings within the community for lot size and value suggest it’s an area of desirable, larger properties. Prospective buyers should visit at different times to get a feel for the neighborhood’s character and traffic patterns.