Property Overview: 129 Leatherwood Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This 1983-built home in River East presents a practical opportunity in a well-established neighborhood. Its key characteristic is its efficient, manageable scale. With 832 square feet of living space on a 3,205 sqft lot, it is notably more compact than most homes on its street and in the wider area. This isn't a sprawling property, but that defines its appeal: lower maintenance, both indoors and outdoors, and potentially lower utility costs.
The appeal lies in its solid fundamentals and value proposition. The assessed value of $360k is consistently around the average for the street, neighborhood, and city, suggesting it's priced in line with the market. The home is newer than many in River East, which can be an advantage for major systems. Its recent sale in mid-2024 indicates active market interest.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, entry-level home. It’s for those who prioritize location and a sensible footprint over sheer size, and who see the benefit of a lower-maintenance yard. A thoughtful perspective is that a home of this scale on a street of larger properties can offer a unique blend of neighborhood stability with a more affordable and manageable commitment.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 832 sqft, the living space is below the local averages. It will suit a single person, a couple, or a very small family comfortably, but may feel cramped for those needing multiple dedicated rooms or extensive storage.
2. How does the lot size impact the property?
The lot is smaller than most in the area. This means less yard work and lower outdoor maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation.
3. What does the assessed value tell me?
The $360k assessment is firmly in the middle range compared to nearby homes. This generally indicates the municipal valuation aligns with the area, but the final market price is determined by current condition, updates, and buyer demand.
4. The home sold recently in 2024. What does that indicate?
The sale within the past year shows the property is transactable and has established recent market activity. It provides a contemporary price benchmark, though the exact sale price requires verification.
5. Are there any obvious red flags in the data?
The data itself shows no extreme outliers. The consistent theme is a smaller, efficiently scaled property that is average in value and newer in age for its locale. Any concerns would likely relate to the specific condition of the home, which is not detailed in this statistical overview.