Property Overview: 120 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Appeal
This 870 sqft bungalow, built in 1987, presents a practical and affordable entry point into Winnipeg's Riverbend neighborhood. Its primary appeal lies in value and positioning. With an assessed value of $371k, it sits at the average for its street but below the neighborhood average, suggesting a potentially more accessible price in a desirable area. The home is notably the newest build on its street, which can be a significant advantage regarding modern construction standards and potentially lower immediate maintenance needs compared to older peers.
The property suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint. Its smaller living area and lot size (3,994 sqft) translate to less upkeep and lower utility costs, a trade-off for space that aligns with a minimalist or efficient lifestyle. A thoughtful perspective is that its "below average" size and value metrics within Riverbend are precisely what make it a strategic opportunity to gain neighborhood amenities and stability without the premium price tag of larger homes in the area.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 870 sqft, the living area is below the average for the street, neighborhood, and city. This is a key consideration for space needs but also contributes to its relative affordability and operational efficiency.
2. How does its assessed value compare?
The assessment of $371,000 is around the average for its immediate street but below the Riverbend neighborhood average of approximately $410k. This indicates you may be paying a "street price" rather than a "neighborhood premium."
3. What does it mean that it's the newest home on the street?
Built in 1987, it ranks #1 out of 69 on Timberwood Trail for year built. This often implies newer major systems (like plumbing or electrical) compared to neighbors, potentially deferring some renovation costs.
4. What was the recent sale history?
Records indicate it sold between $350,000 and $400,000 in September 2022. Exact sold prices require a manual lookup request through the site.
5. How does the lot size impact the property?
The lot is 3,994 sqft, which is below average for the area. This means a more manageable yard for maintenance but less private outdoor space than some neighboring properties.