Property Overview: 181 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1987-built home on Timberwood Trail presents a solid, middle-of-the-road option in Winnipeg's Riverbend neighborhood. With 1,084 sqft of living space and an assessed value of $367k, it consistently ranks as "around average" compared to its immediate street and the wider city. Its primary appeal lies in its stability and established setting. The home is one of the original builds on its street, suggesting a mature streetscape with settled foundations and landscaping. While the lot size is modest for the area, this can translate to lower maintenance.
This property would suit first-time buyers or downsizers seeking an entry point into a well-regarded neighborhood without a premium price tag. It’s a practical choice for those who value location and community character over sheer size, offering a home that aligns closely with typical Winnipeg benchmarks. A thoughtful perspective is that its "average" metrics across key categories could indicate a lower risk of overpaying relative to the immediate area, providing a sense of financial predictability.
Frequently Asked Questions
1. How does this home's value compare to recent sales in the area?
Based on available data, a home in this price range sold in the Riverbend area in mid-2021 for between $350k and $400k, placing it in the middle tier of local sales at that time.
2. Is the lot size a concern?
The land area is below average for both the street and neighborhood. This means smaller outdoor maintenance but also less private space than some neighboring properties. It's a trade-off that suits those preferring a more manageable yard.
3. What does the "Elite" ranking for year built on its street mean?
It simply means this home was built in 1987, which is the same as the calculated average year for the street. On Timberwood Trail, it's among the earlier builds, indicating a mature, established street where homes are of a similar vintage.
4. Are the assessed value and living area competitive for Riverbend?
Both are below the neighborhood averages ($410.2k and 1,288 sqft, respectively). This suggests the home may offer a more affordable entry into Riverbend, though with less interior space than many area homes.
5. Where can I get verified historical price data for this property?
The site notes that exact sold price history is not displayed publicly due to industry rules. They offer a manual lookup service where you can request the exact figures be emailed to you.