Property Overview: 177 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Buyer Profile
This home presents a practical opportunity in Winnipeg's Riverbend neighborhood. Built in 1987, its 1,050 sqft living space and $347k assessed value position it as a competitively priced, manageable-sized property. The appeal lies in its value proposition: it is one of the newer homes on its street and is priced below both street and neighborhood averages, offering a potential entry point into a well-established area. The lot, at just under 4,000 sqft, is smaller than typical for the city but is consistent with many homes in this specific part of Riverbend.
This property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing a mature community setting. It’s a home for those who prioritize location and a modern build year over expansive square footage or a large yard. A thoughtful perspective is that while the home ranks below area averages for size and value, this actually indicates a more affordable threshold in a desirable neighborhood, potentially offering better value per dollar than a larger, more expensive home on the same street.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on the assessed value data, this home is priced below the averages for both Timberwood Trail and the wider Riverbend area, suggesting it could represent a relative value for buyers wanting to enter this specific neighborhood.
2. How does the home's size compare?
At 1,050 sqft, the living area is slightly below the street average and more notably below the neighborhood average. This points to a more compact, efficient layout rather than a sprawling one.
3. What does the lot size mean for me?
The lot is approximately 3,997 sqft, which is smaller than many city lots. This typically translates to less yard maintenance but also less private outdoor space, which is an important consideration for families or gardening enthusiasts.
4. The home was built in 1987. What should I consider?
While being one of the newer homes on the street is a positive, a home of this age will likely have had several components, like the roof, windows, or major systems, updated or nearing the end of their service life. A thorough inspection is advised.
5. How can I verify the past sale price mentioned?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact sale history for this property directly via email through their manual lookup service, as indicated in the data notes.