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.