5940 Rannock Avenue

Property Overview: 5940 Rannock Avenue, Winnipeg

Key Features & Ideal Buyer

This well-established two-storey home in Betsworth sits on a generous, mature lot over 8,150 sqft, offering a rare blend of space and privacy for the area. Its key appeal lies in its above-average proportions and established neighborhood character. With over 1,500 sqft of living space, a finished basement, and a combined attached/detached garage setup, it provides practical, flexible space for living and storage. Built in 1974, the home is part of a stable community and ranks highly for its lot size and living area compared to most of Winnipeg.

Its strongest suit is for buyers seeking a grounded, long-term family home in a settled area without a premium price tag. It would particularly suit practical-minded purchasers who value interior space and a large yard over brand-new finishes, and who see potential in a property that has been well-maintained but may benefit from personal updates over time. The impressive lot size ranking suggests a level of outdoor privacy and room for gardens or recreation that is becoming harder to find in many suburban areas.

Frequently Asked Questions

1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg for specific metrics. For example, ranking in the top 11% city-wide for lot size means you're getting more land than 89% of Winnipeg properties—a major advantage for privacy and outdoor space.

2. Is the finished basement included in the 1,508 sqft living area?
Typically, the listed "living area" (1,508 sqft) refers to above-grade, heated space. The finished basement is an additional area, adding significant functional square footage for recreation, guests, or storage.

3. What does "连体+分体" for the garage mean?
This indicates a combination garage: one section is attached to the house (连体), and another is a detached structure (分体). This offers the convenience of direct access alongside separate space for a workshop, vehicle, or extra storage.

4. Given the home's age, what should I budget for updates or maintenance?
Built in 1974, core systems like the roof, windows, plumbing, and electrical should be a primary inspection focus. While the home is clearly well-situated, budgeting for modernizations or preventative maintenance is a prudent step for any buyer of a 50-year-old property.

5. How does the assessment value relate to the likely selling price?
The municipal assessment ($428,000) is for tax purposes and is based on mass appraisal techniques. It can be a useful benchmark, but the final sale price is determined by the current market, the home's condition, and buyer demand, which can be higher or lower than the assessed value.