49.3
Below average
Property score
49.3
Below average
Overall 49.3
Smaller and older than most nearby homes
691 sqft (bottom 1%)
Built in 1987 (6 yrs older than avg)
Located in a high-income area
with median household income of ~93k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 4 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
46% 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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49.3 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
164 Timberwood Trail — 15 amenities found within 500 m, across 6 categories, including 4 dining (nearest 265 m), 2 education (nearest 158 m), 1 healthcare (nearest 239 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 | Bottom 44% | Bottom 35% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 164 Timberwood Trail, Winnipeg
Key Characteristics & Buyer Appeal
This 691 sqft bungalow, built in 1987, presents a distinct value proposition in Winnipeg’s Riverbend neighborhood. Its primary appeal lies in its efficiency and affordability within a well-established area. The home is notably compact, with a living area significantly below averages for its street, neighborhood, and city, which is directly reflected in its assessed value of $339k—below local averages but aligning closely with the wider Winnipeg market.
The property suits first-time buyers, downsizers, or investors seeking a lower-cost entry point into a mature community. A thoughtful perspective is that its smaller scale translates to lower utility costs, less maintenance, and a manageable footprint, which can be a significant advantage. While the lot size is also below average, the home’s age is a relative strength on its street, being one of the original builds in the area. It’s a practical choice for those prioritizing location and financial accessibility over space, offering a chance to build equity in a stable market.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is below the Riverbend neighborhood average but is around the city-wide average. For a buyer seeking the Riverbend location at a more accessible price point, it represents a comparative value, albeit in a much smaller home.
2. What does the living area ranking mean?
The rankings indicate this is one of the smaller homes not just on the street, but in the entire neighborhood and city. This confirms the property as a compact, efficient dwelling rather than a family-sized home.
3. How reliable is the sold price data shown?
The site uses publicly available data, not MLS records, and shows price ranges. For fully verified transaction history and exact figures, you must request a manual lookup via email from the service.
4. The home is older—should I be concerned?
Built in 1987, it is actually one of the newer homes on its specific street. However, any home of this age will require a thorough inspection to assess the condition of major systems like roof, windows, and mechanicals.
5. Who are the most likely neighbors?
Given the home’s size and the mature, established nature of Riverbend, likely neighbors include long-term residents, other downsizers, and potentially young homeowners starting out. The nearby comparable sales suggest a mix of similar compact bungalows.
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