Property Overview: 7 Timberwood Trail, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 7 Timberwood Trail in Riverbend presents a practical and value-oriented opportunity. Its key characteristic is a clear trade-off: the living space of 963 sqft is notably below average for the street, neighborhood, and city, making it best suited for buyers who prioritize efficiency and lower maintenance over spaciousness. However, its assessed value of $383k is above average for Timberwood Trail itself, suggesting the property is well-regarded within its immediate context. It was built in 1987, making it one of the original homes on the street.
The appeal lies in its position as a potentially affordable entry point into a stable neighborhood. It suits first-time buyers, downsizers, or investors seeking a manageable property without a premium for extra square footage. A thoughtful perspective is that a smaller, well-maintained home on a desirable street can offer a stronger sense of community and a better financial footing than a larger, more burdensome property elsewhere. The lot size is consistent with the street, offering standard outdoor space.
Section 2: Frequently Asked Questions
1. Is the below-average living area a concern?
It depends on your needs. The home is smaller than most in the area, which is reflected in its positioning. It’s ideal for those comfortable with a compact layout, but growing families may find it limiting.
2. Why is the assessed value above the street average if the home is smaller?
Assessed value considers more than just size, including the property's condition, improvements, and its specific location on the street. This suggests that, despite the smaller footprint, the property holds its value well compared to its direct neighbors.
3. What does it mean that the home is one of the oldest on the street?
Built in 1987, it is among the first homes built on Timberwood Trail. This can mean established landscaping and a mature streetscape, but buyers should pay close attention to the age-appropriate condition of major systems like the roof, windows, and heating.
4. How reliable is the sold price data shown?
The site notes that sold prices are based on public data, not the MLS, and are presented in broad ranges. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. What are the immediate neighbors like?
The listing shows several nearby homes on the same street with very similar assessed values and years built, indicating a consistent, established character for this section of Timberwood Trail.