Property Summary: 26 Rachel Street, Winnipeg
Key Characteristics & Appeal
This 1980-built, one-storey home in River East sits on a spacious 6,168 sqft lot, offering more land than many properties in Winnipeg. Its key features include a renovated basement and an attached garage. With 1,088 sqft of living space, it presents a practical, single-level layout.
The appeal lies in its established neighbourhood setting and its position as a solid, mid-range property. The data suggests it is not an outlier but a well-situated home within its community: it ranks above average for lot size and building age on its street and in Winnipeg overall. The renovated basement adds immediate functional space without the need for a major project. This property would suit first-time buyers looking for a move-in-ready home with room to grow outdoors, or downsizers seeking a manageable single-level layout with the benefits of a larger, private lot. It offers a balance—not the newest or largest home on the block, but one with above-average fundamentals in land and condition that provide a stable foundation.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in July 2021 for $43.10k. Its current assessed value is $37.70k. It’s important to consult with a real estate professional for a current market valuation, as assessed value is for tax purposes and market conditions change.
2. Is the lot size a significant advantage?
Yes. At over 6,000 sqft, the lot is larger than 73% of properties in Winnipeg. This offers more privacy, outdoor space, and potential than many similarly priced homes, which is a key, less obvious asset.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the listing agent to understand the quality of the renovation and the added living space.
4. How does this home rank within its immediate area?
The home tends to rank in the middle to upper-middle of its direct peer group on Rachel Street for metrics like size, age, and value. This indicates it’s a representative and competitive property in its specific locale, not an under-improved or over-improved anomaly.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or very large interior square footage may find this 1980s floor plan limiting. Similarly, those unwilling to maintain a larger lot may see the yard size as a drawback rather than a benefit.