148 Timberwood Trail

Property Overview: 148 Timberwood Trail, Riverbend, Winnipeg

Key Characteristics & Appeal

This 1,040 sqft home, built in 1987, presents a practical opportunity in Winnipeg's Riverbend neighborhood. Its core appeal lies in its solid positioning as a competitively priced, average-sized home within its immediate context. While its living space and assessed value sit below the Riverbend area averages, they are much more aligned with—or even favorable to—the specific street and wider city benchmarks. A key, less obvious strength is its year of construction: it is the newest home among its 69 direct neighbors on Timberwood Trail, suggesting potentially fewer age-related issues than other houses on the block.

The property suits first-time buyers or downsizers seeking an entry into a stable neighborhood without a premium price tag. It’s also a sensible fit for value-focused buyers who prioritize a home that is newer than its immediate counterparts over having a larger lot or above-average square footage for the broader area. The recent sale history (sold between $350k-$400k in September 2023) indicates a market value consistent with its assessed value of approximately $352k.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
While below the Riverbend neighborhood average, its living area is very close to the average for Timberwood Trail itself and is near the middle range city-wide, making it a standard-sized home for many Winnipeg buyers.

2. Is the assessed value a reliable indicator of the expected price?
The assessed value ($352k) is closely aligned with its recent 2023 sale price range ($350k-$400k), providing a grounded benchmark. It sits below the street and neighborhood average assessed values, which may indicate a pricing opportunity.

3. What is the significance of the "newest on the street" ranking?
Being built in 1987 makes it the most recently constructed home among the 69 comparable properties on Timberwood Trail. This can be an advantage, as systems (like roofing, plumbing) may be relatively younger than those in the older homes directly surrounding it.

4. How does the lot size impact the property?
The lot is approximately 4,217 sqft, which is smaller than the neighborhood and city averages. This means lower maintenance but also less private outdoor space compared to many other Winnipeg homes.

5. Where can I get verified historical sale data for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the MLS data and send it directly to you.