247 Leatherwood Cove

River East, Winnipeg

Property score

67.7

Good

Overall 67.7 · Smaller but newer than most nearby homes

1,066 sqft (bottom 22%) · Built in 1980 (4 yrs newer than avg)

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

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby

Living Area

Below average

24% smaller than neighborhood avg.

Taon ng Paggawa

Above average

4 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

67.7 is composed by the two sections below.

Property Score

56.3Fair
Living Area1,066 sqft52Fair
Taon ng Paggawa198067Good
Lupa5,492 sqft67Good
Neighbourhood Sales Activity32Low

Community Score

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

Istatistika ng benta ng komunidad

River East

How to read: Share of sales in each ~$50k price band for “river east” (Detached na bahay (hindi 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.

Mga ranggo

Living Area

karaniwan
1,066 sqft
0255075100
Same streetBottom 27%Same areaBottom 22%CitywideBottom 35%
Same street · Leatherwood Cove
#56 / 77
Bottom 27% · Avg 1,226 sqft
Same area · River East
#2,198 / 2,836
Bottom 22% · Avg 1,399 sqft
Citywide · Winnipeg
#125,878 / 194,458
Bottom 35% · Avg 1,342 sqft

Assessed Value

karaniwan
352k
0255075100
Same streetBottom 29%Same areaBottom 28%CitywideBottom 47%
Same street · Leatherwood Cove
#55 / 77
Bottom 29% · Avg 380.3k
Same area · River East
#2,033 / 2,836
Bottom 28% · Avg 401.1k
Citywide · Winnipeg
#103,191 / 194,458
Bottom 47% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1980
0255075100
Same streetBottom 5%Same areaTop 26%CitywideTop 34%

Lupa

karaniwan
5,492 sqft
0255075100
Same streetBottom 38%Same areaBottom 16%CitywideTop 44%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

247 Leatherwood Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 136 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%

Kasaysayan ng Benta

Naibenta 9/2019CA$300k–350k
Presyo ng benta

Parehong kalye

Bottom 33%

Parehong lugar

Bottom 34%

Buong lungsod

Bottom 46%

Related homes

Mga tampok at karaniwang tanong: 247 Leatherwood Cove, Winnipeg

Property Overview: 247 Leatherwood Cove, Winnipeg

Key Characteristics & Appeal

This 1,066 sqft bungalow, built in 1980, sits on a roughly 5,500 sqft lot in Winnipeg's River East neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a stable area. With an assessed value of $352k, it sits below the averages for its immediate street and neighborhood, yet aligns closely with the wider Winnipeg average. This suggests a value proposition for a buyer comfortable with a home that is modest in size for the area but offers land and location at a accessible price point.

The home would suit first-time buyers or downsizers seeking a lower-maintenance property without leaving a well-established community. A thoughtful perspective is that while the living area is below local averages, the lot size is typical for the street, potentially offering valuable outdoor space or future expansion possibilities relative to its peers. Its construction date is newer than many homes in Winnipeg overall, which may imply fewer issues associated with much older infrastructure. The last known sale was between $300k-$350k in 2019, indicating a history of being a lower-priced option in its market.

Frequently Asked Questions

1. Is this home a good value compared to others nearby?
The data suggests it is priced below the local averages for both its street and the broader River East neighborhood, while being on par with the city-wide average. This indicates it could represent a relative value for someone committed to this specific area.

2. How does the size of this home compare to others?
At 1,066 sqft, the living area is below the average for both Leatherwood Cove and River East. However, it is closer to the average for all of Winnipeg. Buyers should expect a more compact living space than many immediate neighbors.

3. What is the lot like?
The lot of 5,492 sqft is fairly standard for Leatherwood Cove but is below the larger neighborhood average. It offers a typical outdoor space for this specific street.

4. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To receive the exact historical sale figures, you must request them via email from the site provider, as they manually look up and share this data due to industry restrictions.

5. Are the comparison homes listed similar to this one?
The listed "for reference" properties (e.g., on Headmaster Row, Knowles Avenue) are for broad market context and are not direct equivalents. They differ in neighborhood, size, and value, highlighting how this property fits into a wider price range.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.