Property Overview: 140 Timberwood Trail, Riverbend, Winnipeg

Key Characteristics & Buyer Appeal

This 902 sqft bungalow, built in 1987, presents a practical opportunity in Winnipeg's Riverbend neighborhood. Its primary appeal lies in a value-oriented proposition: the home carries an assessed value of $382k, which is above average for its street and competitive within the broader area, yet it is paired with a living area significantly below local averages. This creates a specific dynamic—you are acquiring a well-positioned lot and a solid assessed value, but in a smaller footprint.

The lot itself is a standout feature, at 5,477 sqft, it is larger than most on the street and in the neighborhood, offering valuable outdoor space or future expansion potential. The home suits buyers who prioritize land size and assessed value over interior square footage. It would appeal to a downsizer seeking a manageable home with a generous yard, a value-focused investor, or a buyer viewing the property as a long-term foundation where the existing structure could be updated or expanded. A less obvious perspective is that its "below average" size for the area might translate to lower ongoing utility and maintenance costs, while its "above average" lot and assessed value position it as a land-value play in a mature neighborhood.

Frequently Asked Questions

1. Is the assessed value likely accurate, and what does it mean for property taxes?
The assessed value of $382k is sourced from municipal data and is used to calculate property taxes. It is above the street average but slightly below the neighborhood average, suggesting taxes should be generally in line with similar homes in Riverbend.

2. The home is noted as smaller than average. How does that impact livability?
At 902 sqft, the living area is compact. This typically means efficient use of space, fewer rooms, or smaller room sizes. It's ideal for 1-2 person households but may feel constrained for families needing multiple bedrooms or dedicated work-from-home spaces.

3. What does the lot size actually offer?
The 5,477 sqft lot is a tangible asset. It provides ample space for gardening, recreation, parking, or storage (like a shed). Importantly, it also presents a key option for future renovation or expansion, subject to local zoning bylaws.

4. The home sold in 2016 and 2020. What can we infer from that?
The sold price ranges (shown in $50k bands) indicate consistent market activity. The fact it sold twice in under a decade could suggest it's seen as a desirable entry-point property in the area or a good candidate for renovation. For exact historical sale prices, you must request the data directly via the site's manual lookup service.

5. How does the 1987 build year affect the home?
Built in 1987, the home is newer than most in Winnipeg but slightly older than the Riverbend average. This typically means construction methods and materials are modern, but major components like the roof, windows, or HVAC system may be nearing or due for replacement, depending on their maintenance history.