Property Overview: 117 Leatherwood Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River East home, built in 1983, presents a practical and straightforward opportunity. Its key appeal lies in its solid positioning within a mature neighborhood, offering a home that is newer than many in the immediate area and across Winnipeg. With 1,314 sqft of living space, it provides a comfortably sized layout that is above average for its street.
The property’s assessed value of $369k is consistently around the average mark when compared to the street, neighborhood, and city, suggesting a stable, market-aligned investment without significant premium or discount. A thoughtful perspective for buyers is the lot size: at 3,204 sqft, it is notably smaller than most comparable plots in the area. This translates to less yard maintenance—a potential benefit for those seeking a low-upkeep outdoor space—but less room for expansion or extensive gardening.
This home would best suit first-time buyers or downsizers looking for a move-in-ready property in an established community without the premium price tag of a larger lot. It’s a sensible choice for those who prioritize the home’s interior space and modern construction era over extensive private outdoor space.
Section 2: Frequently Asked Questions
1. Is the price fair for the neighborhood?
Based on the assessed value and recent sold price data, the property is priced consistently with averages for Leatherwood Crescent, River East, and Winnipeg overall. It represents a middle-of-the-road value rather than a standout bargain or overpriced listing.
2. The lot seems small. Is that a major drawback?
It depends on your lifestyle. The lot is significantly smaller than area averages, limiting large garden projects or additions. However, this also means less time and money spent on lawn care and landscaping, which can be a positive for buyers seeking low maintenance.
3. How does the home’s age affect its condition?
Built in 1983, the home is newer than many in River East and on its street. This can be an advantage, potentially meaning newer major systems (like plumbing and electrical) than those found in mid-century homes, but a thorough inspection is still essential to assess the current state of the roof, windows, and HVAC.
4. What can recent sold prices tell me?
Public data indicates it last sold between $350k-$400k in April 2021. This range was in the top 33% for the street at that time, showing it has been a desirable property on this specific block. For exact historical figures, you must request a manual lookup from the site.
5. Who are the most likely neighbors?
The immediate street consists of similar single-family homes primarily from the early 1980s. The consistent age and value of homes on Leatherwood Crescent suggest a stable, established community of long-term residents, likely families and empty-nesters.