188 Timberwood Trail

Property Overview: 188 Timberwood Trail, Winnipeg

Key Characteristics & Appeal

This home at 188 Timberwood Trail is a practical, entry-level property in Winnipeg's Riverbend neighborhood. Built in 1986, its key characteristic is its compact and efficient scale, with a living area of 896 sqft on a 3,689 sqft lot. The data shows it is consistently below the average size for its immediate street, neighborhood, and the city, which directly informs its value proposition.

Its primary appeal lies in its affordability and position within a stable, established community. With an assessed value of $352,000, it sits below the local averages for Timberwood Trail and Riverbend, yet aligns closely with the wider Winnipeg average. This suggests a price point that offers access to a desirable area without the premium of a larger home. It last sold between $300k-$350k in mid-2021.

This property would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint. It’s a logical choice for someone prioritizing location and fiscal efficiency over space. A less obvious perspective is that its "below average" size and value metrics could represent a relative opportunity; it’s a more affordable entry into a neighborhood where most homes are larger and more expensive, potentially offering a lower property tax base while still providing the community benefits.

Frequently Asked Questions

1. Is this home significantly smaller than its neighbors?
Yes. The living area is notably smaller than most comparable homes on its street, in Riverbend, and across Winnipeg. This is the defining feature of the property.

2. How does its assessed value compare?
Its $352,000 assessment is below the averages for its specific street ($370k) and neighborhood ($410.2k), but very close to the citywide average ($390.1k). This indicates it is priced accessibly for Riverbend.

3. What does the sale history indicate?
It sold between $300,000 and $350,000 in July 2021. The current assessed value is consistent with that recent sale price range.

4. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms, generous living space, or a large yard, as it is compact in both its footprint and lot size.

5. How can I get the exact historical sale prices?
The site provides sold price ranges publicly. To obtain verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.