116 Timberwood Trail

Property Overview: 116 Timberwood Trail, Riverbend, Winnipeg

Key Characteristics & Appeal

This 1,068 sqft home, built in 1987, presents a solid, well-maintained option in the established Riverbend neighborhood. Its primary appeal lies in its balance and efficiency. The living space is very typical for its immediate street and is competitively sized city-wide, suggesting a practical layout without excess. A key standout is its assessed value of $381k, which ranks above average for Timberwood Trail itself, indicating it is perceived as a higher-quality home within its own row of similar houses.

The property suits buyers looking for a move-in ready home in a mature neighborhood without the premium of a new build. It’s particularly well-suited for first-time buyers, downsizers, or investors seeking a stable, low-drama property. A thoughtful perspective is that while the lot size is below average, this can mean less maintenance—an appeal for those seeking a manageable yard. Its "elite" ranking for year built on its street suggests it may be among the most recently built homes in that specific block, potentially implying newer systems or updates compared to immediate neighbors.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
It last sold between $350k-$400k in August 2021. Its current assessed value of $381k is above the street average, suggesting its official valuation has held strong.

2. Is the living space smaller than other homes in Riverbend?
Yes, at 1,068 sqft, it is below the neighborhood average of 1,288 sqft. However, it is very much in line with the average size of homes directly on Timberwood Trail (1,074 sqft).

3. What does the "elite" ranking for year built mean?
On its specific street, it is ranked #1 out of 69 comparable homes, meaning it is the newest or among the very newest houses on Timberwood Trail, built in 1987.

4. Is the lot size a significant drawback?
The lot is 3,994 sqft, which is smaller than averages for the street, neighborhood, and city. This means less outdoor space but also translates to lower maintenance for gardening and yard work.

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