Property Overview: 239 Leatherwood Cove, Winnipeg
Key Characteristics & Appeal
This 1981-built home in River East presents a solid, middle-of-the-road offering in the Winnipeg market. With 1,261 sqft of living space and a 5,526 sqft lot, its size is consistently around the citywide average, offering comfortable space without being oversized. The home’s primary appeal lies in its above-average assessed value for its specific street ($414k vs. a $380.3k street average), suggesting it may have better finishes, condition, or updates than some immediate neighbors. While the lot size is smaller than the River East neighborhood average, it is slightly larger than the average for Leatherwood Cove itself, providing a decent outdoor space in a established setting.
This property would suit practical buyers looking for a move-in ready home in a mature neighborhood, who value being on a street where their investment appears to hold strong relative value. It’s a sensible choice for first-time buyers stepping into a family-friendly area or downsizers seeking a manageable property without compromising on neighborhood amenities. A thoughtful perspective is that its “around average” metrics across the city indicate stability and easier future comparables for appraisal, reducing the risk of overpaying for an atypical property.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $300k-$350k in March 2018. Its current assessed value of $414k is above the street’s average, indicating perceived growth or improvements. For verified, exact historical sale prices, you can request a manual lookup via email.
2. Is the lot size a disadvantage?
The lot is smaller than the broader River East average but is actually slightly larger than the average lot on Leatherwood Cove itself. It offers standard suburban outdoor space without the maintenance of a much larger yard.
3. What does the “Above Average” assessed value ranking on the street mean?
Ranked 17th out of 77 homes on Leatherwood Cove for assessed value, this suggests the municipality views this property as being in the top quarter on its street in terms of value, likely due to factors like condition, updates, or specific attributes not reflected in square footage alone.
4. The home was built in 1981. Is that a concern?
While it’s slightly older than the immediate street average (1982), it is newer than both the neighborhood (1976) and citywide (1966) averages for comparable homes. This indicates a neighborhood of well-established homes, and a 1981 build likely means modern foundations like poured concrete basements, but systems (roof, HVAC) may be due for updates.
5. Where can I see how this property compares visually to its neighbors?
You can use the provided link to open a neighborhood map analysis, which visually compares nearby houses by year built, living area, assessed value, and lot size.