56.1
Fair
Property score
56.1
Fair
Overall 56.1
Smaller and older than most nearby homes
896 sqft (bottom 9%)
Built in 1986 (7 yrs older than avg)
Located in a high-income area
with median household income of ~93k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Below average
7 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
188 Timberwood Trail — 14 amenities found within 500 m, across 6 categories, including 4 dining (nearest 307 m), 2 education (nearest 113 m), 1 healthcare (nearest 270 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 33% | Bottom 27% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 188 Timberwood Trail, Winnipeg
Key Characteristics & Appeal
This home at 188 Timberwood Trail is a practical, entry-level property in Winnipeg's Riverbend neighborhood. Built in 1986, its key characteristic is its compact and efficient scale, with a living area of 896 sqft on a 3,689 sqft lot. The data shows it is consistently below the average size for its immediate street, neighborhood, and the city, which directly informs its value proposition.
Its primary appeal lies in its affordability and position within a stable, established community. With an assessed value of $352,000, it sits below the local averages for Timberwood Trail and Riverbend, yet aligns closely with the wider Winnipeg average. This suggests a price point that offers access to a desirable area without the premium of a larger home. It last sold between $300k-$350k in mid-2021.
This property would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint. It’s a logical choice for someone prioritizing location and fiscal efficiency over space. A less obvious perspective is that its "below average" size and value metrics could represent a relative opportunity; it’s a more affordable entry into a neighborhood where most homes are larger and more expensive, potentially offering a lower property tax base while still providing the community benefits.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. The living area is notably smaller than most comparable homes on its street, in Riverbend, and across Winnipeg. This is the defining feature of the property.
2. How does its assessed value compare?
Its $352,000 assessment is below the averages for its specific street ($370k) and neighborhood ($410.2k), but very close to the citywide average ($390.1k). This indicates it is priced accessibly for Riverbend.
3. What does the sale history indicate?
It sold between $300,000 and $350,000 in July 2021. The current assessed value is consistent with that recent sale price range.
4. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms, generous living space, or a large yard, as it is compact in both its footprint and lot size.
5. How can I get the exact historical sale prices?
The site provides sold price ranges publicly. To obtain verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.
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