164 Timberwood Trail

Property Overview: 164 Timberwood Trail, Winnipeg

Key Characteristics & Buyer Appeal

This 691 sqft bungalow, built in 1987, presents a distinct value proposition in Winnipeg’s Riverbend neighborhood. Its primary appeal lies in its efficiency and affordability within a well-established area. The home is notably compact, with a living area significantly below averages for its street, neighborhood, and city, which is directly reflected in its assessed value of $339k—below local averages but aligning closely with the wider Winnipeg market.

The property suits first-time buyers, downsizers, or investors seeking a lower-cost entry point into a mature community. A thoughtful perspective is that its smaller scale translates to lower utility costs, less maintenance, and a manageable footprint, which can be a significant advantage. While the lot size is also below average, the home’s age is a relative strength on its street, being one of the original builds in the area. It’s a practical choice for those prioritizing location and financial accessibility over space, offering a chance to build equity in a stable market.

Frequently Asked Questions

1. Is this a good value for the area?
The assessed value is below the Riverbend neighborhood average but is around the city-wide average. For a buyer seeking the Riverbend location at a more accessible price point, it represents a comparative value, albeit in a much smaller home.

2. What does the living area ranking mean?
The rankings indicate this is one of the smaller homes not just on the street, but in the entire neighborhood and city. This confirms the property as a compact, efficient dwelling rather than a family-sized home.

3. How reliable is the sold price data shown?
The site uses publicly available data, not MLS records, and shows price ranges. For fully verified transaction history and exact figures, you must request a manual lookup via email from the service.

4. The home is older—should I be concerned?
Built in 1987, it is actually one of the newer homes on its specific street. However, any home of this age will require a thorough inspection to assess the condition of major systems like roof, windows, and mechanicals.

5. Who are the most likely neighbors?
Given the home’s size and the mature, established nature of Riverbend, likely neighbors include long-term residents, other downsizers, and potentially young homeowners starting out. The nearby comparable sales suggest a mix of similar compact bungalows.