Property Overview: 19 Rachel Street, Winnipeg
Key Characteristics & Appeal
This 1977-built home in River East presents a solid, average-value proposition with one standout feature: its lot size. The 1,024 sqft living space is typical for the street but modest compared to the wider neighborhood and city. With an assessed value of $375k, it sits around the average mark at every comparison level—street, neighborhood, and city-wide—indicating a stable, market-aligned valuation.
The primary appeal lies in its generous 8,208 sqft land area, which ranks in the top 20% for the neighborhood and top 10% city-wide. This offers significant outdoor space and potential not found in many comparable properties. The home last sold in September 2022 for between $300k-$350k, a price point that historically performed around the median for the area.
This property would suit a practical buyer looking for a grounded investment in a mature neighborhood. It’s ideal for someone who values a larger yard for gardening, recreation, or future expansion over a larger interior footprint. It represents an entry point into the market where the value is anchored more in the land than in an above-average or recently renovated home.
Frequently Asked Questions
How does the home’s size compare to others nearby?
The living area is approximately average for Rachel Street itself, but it is below the average size for both the broader River East neighborhood and the city of Winnipeg. The home offers functional space but is not a large property in terms of square footage.
What is the most notable feature of this property?
The lot size is the most distinguishing asset. At over 8,200 sqft, the land area is substantially larger than typical lots on the street, in the neighborhood, and across Winnipeg, offering more private outdoor space.
Is the assessed value in line with the area?
Yes. The $375k assessment is very close to the average for the street ($377k) and the neighborhood ($401.1k), and is around the city-wide average for comparable homes. This suggests the valuation is consistent and not an outlier.
What can the 2022 sale price tell me?
The home sold for an estimated $300k-$350k in September 2022, which placed it near the middle of the market range at that time. This provides a recent benchmark, but market conditions have likely shifted since.
How can I get the exact historical sale prices?
The site does not display MLS records. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email from the service provider.