Property Overview: 108 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1,280 sqft home, built in 1987, presents a practical and competitively positioned offering in the Riverbend neighborhood. Its core appeal lies in offering solid space and a newer build year relative to its immediate surroundings, often at a value-conscious price point.
On Timberwood Trail itself, the home stands out positively: its living area is above the street average, and it is the newest home among its 69 direct peers. However, the broader context shows a more nuanced picture. Its assessed value is below both the street and neighborhood averages, which could indicate a potential value opportunity for a buyer, or may reflect factors like updates needed or lot size (which is smaller than area norms). This combination makes it a compelling prospect for first-time buyers, downsizers, or value-focused investors seeking a home with a good foundation in a stable area. It suits someone who prioritizes interior space and a relatively modern build within a mature community, and who is comfortable with a standard-sized urban lot.
A less obvious perspective is that this property represents a "street standout" in a "neighborhood-conforming" package. It offers the pride of owning one of the newest and more spacious homes on its block, while its pricing aligns with the more modest tier of the wider area, potentially easing entry into the community.
Frequently Asked Questions
1. Is this home priced below average for the area?
Yes, based on assessed values. The home’s assessed value of $351k is below the average for both Timberwood Trail ($370k) and the wider Riverbend neighborhood ($410.2k).
2. How does the size compare to nearby homes?
The 1,280 sqft living area is larger than the average home on Timberwood Trail (1,074 sqft), about average for Riverbend, and slightly below the Winnipeg average.
3. What is the lot size?
The lot is 4,031 sqft. This is around average for the street but below the average lot size for both the Riverbend neighborhood and the city overall.
4. When was it last sold and for how much?
Public records indicate a sale between July 2016 for a price in the range of CA$250,000–$300,000. For verified, exact historical sale figures, a manual lookup can be requested.
5. How does the year built compare?
Built in 1987, it is the newest home among the 69 comparable properties on Timberwood Trail. It is older than the average home in Riverbend but newer than the average home across Winnipeg.