Property Overview
64 Timberwood Trail is a 1,050 sqft bungalow built in 1987, situated on a notably large 8,611 sqft lot in Winnipeg's Riverbend neighborhood. Its appeal is defined by a unique combination of a premium lot size and a solid, well-maintained structure from the late 1980s. While the living space is modest compared to newer neighborhood builds, the property’s assessed value of $440k ranks at the very top of its street, indicating a premium placement or exceptional condition.
Key Characteristics & Ideal Buyer
The standout feature is the land. The lot is exceptionally large for the area, ranking in the top 3% on its street and top 7% in Riverbend, offering rare potential for expansion, gardening, or outdoor living. The home itself presents a practical, no-fuss layout typical of its era. It would suit a buyer who values space and privacy over square footage, such as a downsizer seeking a manageable home with a generous yard, or a first-time buyer looking for a solid starter home with clear future potential to add value through renovations or an addition. Its "elite" street ranking for year built suggests it may be one of the original and best-maintained homes on the block, offering a sense of established stability.
Frequently Asked Questions
1. Is the house small for the neighborhood?
The living area is slightly below the Riverbend neighborhood average but is very close to the average for Timberwood Trail itself. The trade-off is the significantly larger-than-average lot.
2. Why is the assessed value so high compared to the street average?
At $440k, it ranks #1 on the street, where the average is $370k. This premium likely reflects the combination of the oversized lot, the home's condition, and its position as one of the original (1987) homes on the street.
3. What is the recent sale history?
Records indicate it sold between $400k-$450k in July 2022. For verified, exact sale figures, you can request a manual lookup from the site.
4. How does the lot size compare to a typical city lot?
The lot is 8,611 sqft, which is well above the Winnipeg average of 6,570 sqft for comparable homes, placing it in the top 9% city-wide.
5. What are the possible drawbacks?
The home’s floor plan and finishes may reflect its 1987 origins, potentially requiring updates. While the lot is a major asset, buyers prioritizing interior square footage over land size may find newer builds in the area offer more living space for a similar price.