Property Overview
This 1974 bi-level home at 5832 Rannock Avenue offers a practical layout with a finished basement on a large, approximately 7,825 sqft lot in Betsworth. Its key appeal lies in the balance of space and value. The home itself provides 924 sqft of living space, but the significant lot size presents a major asset, ranking in the top 12% of all Winnipeg properties for land area. This creates immediate outdoor utility and long-term potential. The property’s overall assessed value ranks solidly above average for the city, suggesting established value in its market.
It would suit first-time buyers or downsizers looking for a manageable home with ample yard space for gardening, pets, or family activities. The large lot also holds quiet appeal for those with an eye toward future expansion or redevelopment, offering a canvas not easily found on newer, more densely packed streets. The home’s rankings indicate it’s a property with stronger fundamentals (land size, city-wide value) than interior size, making it a pragmatic choice for buyers who prioritize land over square footage.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Betsworth, and across all of Winnipeg. For example, its land size is in the top 12% city-wide, which is a standout feature, while its living area is more modest in comparison. It helps highlight the property's relative strengths.
2. Is the finished basement included in the 924 sqft living area?
Typically, the listed living area (924 sqft) refers to above-ground, finished space. The presence of a finished basement adds additional usable living area that is not reflected in that primary square footage figure.
3. What are the implications of a "split" or "分体" garage?
A split garage, often a side-by-side double, is a desirable feature providing protected parking for two vehicles or extra storage. It’s a practical asset that adds daily convenience and resale value.
4. The house was built in 1974. What should I be aware of?
While systems like roof, windows, and major mechanicals (furnace, electrical) may have been updated over the years, a home of this age warrants a thorough inspection to assess the condition of these components and identify any needed maintenance or upgrades.
5. How does the large lot impact costs and responsibilities?
A nearly 8,000 sqft lot offers great space but also means more yard to maintain—lawn care, gardening, and snow removal. It may also result in slightly higher property taxes compared to a similar home on a standard lot, though this is often offset by the premium value of the land itself.