56.1
Fair
Property score
56.1
Fair
Overall 56.1
Smaller and older than most nearby homes
870 sqft (bottom 5%)
Built in 1987 (6 yrs older than avg)
Located in a high-income area
with median household income of ~93k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 6 dining spots, 2 schools, 1 healthcare facility, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 74%Tagalog · 5%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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56.1 is composed by the two sections below.
Property Score
Community Score
Riverbend
How to read: Share of sales in each ~$50k price band for “riverbend” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111234
$93K
Median household income
$98K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
16%
Single-person households
31%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
120 Timberwood Trail — 19 amenities found within 500 m, across 8 categories, including 6 dining (nearest 157 m), 2 education (nearest 276 m), 1 healthcare (nearest 151 m).
Riverbend · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
47%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 22% | Top 35% | Top 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 120 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Appeal
This 870 sqft bungalow, built in 1987, presents a practical and affordable entry point into Winnipeg's Riverbend neighborhood. Its primary appeal lies in value and positioning. With an assessed value of $371k, it sits at the average for its street but below the neighborhood average, suggesting a potentially more accessible price in a desirable area. The home is notably the newest build on its street, which can be a significant advantage regarding modern construction standards and potentially lower immediate maintenance needs compared to older peers.
The property suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint. Its smaller living area and lot size (3,994 sqft) translate to less upkeep and lower utility costs, a trade-off for space that aligns with a minimalist or efficient lifestyle. A thoughtful perspective is that its "below average" size and value metrics within Riverbend are precisely what make it a strategic opportunity to gain neighborhood amenities and stability without the premium price tag of larger homes in the area.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 870 sqft, the living area is below the average for the street, neighborhood, and city. This is a key consideration for space needs but also contributes to its relative affordability and operational efficiency.
2. How does its assessed value compare?
The assessment of $371,000 is around the average for its immediate street but below the Riverbend neighborhood average of approximately $410k. This indicates you may be paying a "street price" rather than a "neighborhood premium."
3. What does it mean that it's the newest home on the street?
Built in 1987, it ranks #1 out of 69 on Timberwood Trail for year built. This often implies newer major systems (like plumbing or electrical) compared to neighbors, potentially deferring some renovation costs.
4. What was the recent sale history?
Records indicate it sold between $350,000 and $400,000 in September 2022. Exact sold prices require a manual lookup request through the site.
5. How does the lot size impact the property?
The lot is 3,994 sqft, which is below average for the area. This means a more manageable yard for maintenance but less private outdoor space than some neighboring properties.
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