Property Overview: 243 Leatherwood Cove, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established community appeal. Its key strength lies in the generous 7,786 sqft lot, which ranks in the elite top 4% on its street, offering significant outdoor space and potential—a notable find for the area. The 1,339 sqft living area is comfortably above the street average, providing ample room without being excessive.
The appeal is grounded in its strong positional value. With an assessed value significantly above local averages, it sits in a desirable pocket of River East. Built in 1982, it is newer than many homes city-wide, suggesting potentially fewer immediate major updates compared to older stock. This property suits buyers looking for a well-sized family home on a premium lot in a mature neighborhood, who appreciate a home that stands out on its street for both land size and perceived value. It’s a practical choice for those seeking space and stability over a brand-new build.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in August 2023 for an estimated $600k-$650k, which was well above its $477k assessed value at the time. This indicates strong market demand and buyer confidence in the property's worth exceeding its official valuation.
2. Is the lot size typical for the area?
No, it is a standout feature. The lot is nearly 2,500 sqft larger than the street average, placing it in the top 4% of Leatherwood Cove. This offers more privacy, yard space, and potential than most neighboring properties.
3. What does the "above average" assessed value ranking mean?
It means this home is officially valued higher than most comparable homes on its street, in the neighborhood, and city-wide. This often reflects desirable attributes like its large lot, and can indicate a stronger long-term value position within the community.
4. How does the living space compare to nearby homes?
At 1,339 sqft, it offers more living area than the average home on its street (1,226 sqft), but is slightly below the broader River East neighborhood average. It represents a efficient, mid-sized family layout.
5. Where can I get the exact historical sold price data?
The site provides estimated sold price ranges. Due to industry rules, exact MLS sale figures are not displayed online. You can request the precise transaction history via email from the site provider, who will manually look it up and send it to you.