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.