Property Overview: 10 Rachel Street, River East, Winnipeg
Key Characteristics & Appeal
This home at 10 Rachel Street is a practical, mid-century bungalow built in 1977, offering a straightforward living space of 1,024 sqft on a 5,611 sqft lot. Its primary appeal lies in its position as a competitively priced entry point into the established River East neighborhood. With an assessed value of $331k, it sits below the local area averages but aligns closely with the wider Winnipeg average, suggesting it represents a value-conscious option within the city.
The home would suit first-time buyers or practical investors seeking a lower barrier to entry into a mature community. Its size and metrics indicate a manageable property, potentially appealing to those looking to build equity without the upkeep of a larger home. A thoughtful perspective is that while the living space is modest compared to immediate neighbors, its lot size is closer to the city norm, offering balanced potential for future outdoor enjoyment or expansion relative to its footprint.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $250k-$300k in mid-2017. Current assessed value is below the street’s average, but direct comparison to recent, exact sale prices requires a manual lookup due to data display rules.
2. Is the living space considered small for the area?
Yes, at 1,024 sqft, it is below the average for both the River East neighborhood and the city overall. On Rachel Street itself, it ranks around the middle of the pack for size.
3. What is the typical home like in this immediate area?
Most homes on Rachel Street and in this part of River East were built in the mid-to-late 1970s. This home is typical in age, but its lot and living area are slightly below the street's averages.
4. Why is there a range for the last sold price, and how can I get the exact figure?
To ensure reliability, the system shows a price band for non-logged-in users. You can request the exact sold price history via email, and the team will provide the verified figure manually.
5. Does the below-average assessment mean it’s a good deal?
A below-average assessment can indicate a value opportunity, but it may also reflect the home’s specific characteristics, like its smaller size. It’s a starting point for negotiation rather than a definitive measure of market price.