234 Leatherwood Cove

River East, Winnipeg

Property score

74.1

Good

Overall 74.1 · Newer than most nearby homes

1,285 sqft (top 49%) · Built in 1983 (7 yrs newer than avg)

Located in a high-income area with median household income of ~118k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby

Living Area

Near average

8% smaller than neighborhood avg.

Year Built

Above average

7 yrs newer than neighborhood avg.

Mother tongue

English · 83%French · 1%

Past 10 years River East sales snapshot (~80% of all data)

Sold Count

826

Median price

425k

$/sqft

$395/sqft

Avg build year

1976

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Property score

74.1 is composed by the two sections below.

Property Score

66.9Good
Living Area1,285 sqft66Good
Year Built198373Good
Lot Size5,511 sqft74Good
Neighbourhood Sales Activity32Low

Community Score

84.9Excellent
Household Income90Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health52Fair

Neighbourhood Sales

River East

How to read: Share of sales in each ~$50k price band for “river east” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110772

Community deep dive

$118K

Median household income

$116K

Average household income

2%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

17%

Single-person households

32%

Families with children

Population, labour & age

Population (2021)347
Labour force participation rate54%
Median age52.0
Avg household size2.4
Unemployment rate6%
Population density2669 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households17%
Couple families with children32%
Median household income (2020)$118K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$388K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority13%
Bachelor's or higher (25–64)48%
Mother tongue (1st)English · 82%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,285 sqft
0255075100
Same streetTop 38%Same areaTop 49%CitywideTop 43%
Same street · Leatherwood Cove
#29 / 77
Top 38% · Avg 1,226 sqft
Same area · River East
#1,381 / 2,836
Top 49% · Avg 1,399 sqft
Citywide · Winnipeg
#82,902 / 194,458
Top 43% · Avg 1,342 sqft

Tax-Assessed Value

above average
408k
0255075100
Same streetTop 30%Same areaTop 40%CitywideTop 36%
Same street · Leatherwood Cove
#23 / 77
Top 30% · Avg 380.3k
Same area · River East
#1,144 / 2,836
Top 40% · Avg 401.1k
Citywide · Winnipeg
#70,801 / 194,458
Top 36% · Avg 390.1k

Year Built

above average
1983
0255075100
Same streetTop 13%Same areaTop 13%CitywideTop 31%

Lot Size

around average
5,511 sqft
0255075100
Same streetTop 39%Same areaBottom 24%CitywideTop 42%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

234 Leatherwood Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 185 m).

Search radius
🌳Parks2

Crime & Safety

River East · WPS public data · 2026

Annual incidents

17

2026

vs. city avg

-42%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

71%

Sales History

Sold 8/2023CA$450k–500k
Sold price

Same street

Top 17%

Same area

Top 21%

City-wide

Top 23%

Related homes

Highlights & common questions: 234 Leatherwood Cove, Winnipeg

Property Overview: 234 Leatherwood Cove, Winnipeg

Key Characteristics & Appeal

This home at 234 Leatherwood Cove is a well-positioned property in Winnipeg's River East neighborhood, presenting a balanced profile for buyers seeking established value. Built in 1983, it is newer than many homes in the area and on its street, offering a potential advantage in terms of modern construction standards and possibly reduced near-term maintenance. With 1,285 sqft of living space and a 5,511 sqft lot, its size is consistently around the average for its immediate street and the wider city, indicating it fits a typical family footprint without standing out as unusually large or small.

Its appeal lies in its solid, middle-ground positioning. The assessed value of $408k is above average for Leatherwood Cove itself, suggesting it is viewed favorably within its micro-market. This isn't a standout luxury property or a fixer-upper; it's a competent home in a mature setting. It would suit practical buyers—perhaps first-time homeowners or downsizers—who prioritize a stable investment in a settled community over extreme features. A thoughtful perspective is that while the lot size is below the neighborhood average, it is ample for its street, indicating a cozy, neighborly feel rather than sprawling privacy. The recent sale in 2023 provides relevant, modern comp data, adding a layer of transparency for value assessment.


Frequently Asked Questions

1. How does this home's size compare to others nearby?
The living area of 1,285 sqft is very close to the average for both the street (1,226 sqft) and the city overall (1,342 sqft). It's a typical size for the market, neither particularly spacious nor compact within its immediate context.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $408k is used for municipal tax purposes. While it's above the street average, the actual market price is determined by current conditions. The home sold in 2023 for an estimated $450k-$500k, which is a more direct, though not exact, indicator of its recent market value.

3. What are the implications of the home being built in 1983?
Constructed 43 years ago, this home is newer than many in River East and on its street. This often means building materials and layouts are more modern than older stock, but major components like the roof, windows, or HVAC system may be nearing or due for replacement, depending on their upkeep.

4. The lot seems smaller than the neighborhood average. Is that a concern?
The lot is 5,511 sqft, which is larger than the average for Leatherwood Cove but below the broader River East average. This typically means less yard maintenance and a streetscape where homes are closer together, which some buyers prefer for community feel. It's not unusually small for the specific street.

5. How can I find out the exact price it sold for in 2023?
The site provides sold price ranges for non-members. To obtain the exact sale figure, you must request a manual lookup via email, as this data is not sourced from the MLS system.

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