Property Overview: 231 Leatherwood Cove, Winnipeg

Key Characteristics & Appeal

This home at 231 Leatherwood Cove in River East presents as a solid, middle-of-the-road property in Winnipeg’s market. Built in 1983, it is newer than many homes in its neighborhood and city, suggesting potentially fewer major age-related updates compared to older stock. With 1,279 sqft of living space and a 5,504 sqft lot, its size is consistently average for its immediate street but sits on a smaller parcel than is typical for the broader River East area.

The appeal lies in its stability and predictability. Its assessed value of $393k aligns closely with city and street averages, indicating it is priced in line with the market rather than being an outlier. This is a home for pragmatic buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready property in an established neighborhood without the premium or the project often associated with newer custom builds or deeply discounted fixer-uppers. It suits someone looking for a comfortable, no-surprises entry into a stable community, where the value is derived more from livability and location than from standout luxury or appreciation potential.

A less obvious perspective is that its consistent "average" rankings across multiple metrics can be a strength; it represents a lower-risk purchase that is unlikely to be overvalued or unusually difficult to resell. The smaller lot, while below the neighborhood average, may also mean less maintenance, which could be a hidden benefit for certain lifestyles.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home last sold between $300k-$350k in September 2019. Current assessed value is slightly above the street average, placing it in the top 36% on Leatherwood Cove. For exact, verified sale prices of comparable nearby properties, a manual lookup can be requested.

2. Is the house newer or older than others in the area?
Yes, its 1983 build date is above average for both the street and the wider River East neighborhood, ranking in the top 13%. This generally suggests more modern construction standards than much of the housing stock in the area.

3. Is the lot size a concern?
The lot is average for the street but below the typical size for River East. This means outdoor space may be more modest than some neighbors have, but it also likely translates to less yard work.

4. What does “around average” in the rankings mean for a buyer?
It indicates the property is very typical for its context. You are not paying a premium for exceptional size or features, nor are you getting a bargain for a below-average property. It represents a market-standard offering.

5. How can I get the exact historical sold price for this property?
The displayed sold price is a range from public data. Due to industry rules, exact MLS sale records are not shown on the site. You can request the full transaction history and exact figures via email, and the team will provide them manually.