Property Overview: 180 Timberwood Trail, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 180 Timberwood Trail in Riverbend is a compact, well-priced property built in 1986. With 691 square feet of living space on a 3,279 sqft lot, it is notably smaller than most homes on its street, in the neighborhood, and across Winnipeg. Its assessed value of $341k sits below the local averages but aligns closely with the citywide benchmark, suggesting it offers a more accessible entry point into a established area.

The primary appeal lies in its value proposition and location. It represents a chance to own a single-family home in a mature Winnipeg neighborhood at a price point that is competitive city-wide. This isn't a property for those seeking abundant space; instead, it suits first-time buyers, downsizers, or investors looking for a manageable footprint without sacrificing a traditional neighborhood setting. A thoughtful perspective is that its smaller size and lot could mean lower utility costs, less maintenance, and a clearer renovation scope for a buyer looking to personalize a home without being overwhelmed.

Section 2: Frequently Asked Questions

1. Is the price fair compared to nearby sales?
Based on available data, the home sold between $350k-$400k in mid-2024, which placed it in the top 30% of sales on its street at that time. This indicates the market recognized its value despite its smaller size, likely due to its location and lot.

2. How does the size impact livability and value?
The living area is significantly below average for the area. This makes it a functional, no-frills home ideal for minimalists or those with simple space needs. While the size limits its appeal to some, it also creates its niche as an affordable, low-maintenance option in a desirable neighborhood.

3. What is the neighborhood (Riverbend) like for a home of this size?
Riverbend appears to consist primarily of larger, more modern homes. This property is an outlier in terms of square footage and lot size, meaning you’re buying into a community with substantial homes but at a proportionally lower cost. The trade-off is that your property will differ from the neighborhood norm.

4. Are the property taxes likely to be lower?
Potentially, yes. Since municipal property taxes are based on the assessed value, and this home’s assessment is below the local averages, the tax bill should be comparatively lower than for larger homes on the same street.

5. Where can I get verified sale price history?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request the exact figures via email from the provider for a manually verified history. The ranges shown suggest a sale price in the $350k-$400k band in June 2024.