Property Overview

Key Characteristics & Buyer Profile

This 1987 home on Timberwood Trail sits on a 5,454-square-foot lot with 1,128 square feet of living area. It carries an assessed value of $419,000. Compared to other properties on the same street, it ranks in the top 10% for assessed value and top 17% for land size, suggesting a well-maintained home on a generous lot relative to its immediate neighbours. While its living area is slightly above the street average (1,074 square feet), it falls below the broader Riverbend and citywide medians—meaning you get a more compact footprint on an above-average piece of land.

The appeal here is subtle. This is not a home that competes on square footage or flashy finishes; its strength is relative value within a desirable street. The land is the real asset—larger than most in the area, with room for expansion, gardening, or outdoor living without the premium of a brand-new build. For buyers who prioritize outdoor space and a well-established neighbourhood over a sprawling interior, this property makes sense. It would suit someone looking for a solid, older home in a mature street where resale potential rests on the lot size and location, not a recent gut renovation. It’s less suited to buyers seeking turnkey luxury or maximum square footage for the price.

Frequently Asked Questions

1. How does this property compare to other homes on Timberwood Trail?
It ranks in the top 10% for assessed value and top 17% for lot size, and sits in the top 30% for living area. So it’s above-average for the street across all key metrics, but not the absolute top of the range. You’re getting a strong relative position within this immediate block.

2. Is the living area considered small?
It’s above the street average (1,128 vs. 1,074 square feet), but below the Riverbend area average of 1,288 square feet and the citywide median of 1,342 square feet. The numbers suggest a compact but efficient layout—common for late‑80s construction, which often prioritized function over open-concept excess.

3. What does the 1987 build year mean for maintenance?
Homes from the mid-to-late 80s are typically due for major system replacements if they haven’t already been updated—roof, windows, HVAC, plumbing. The year itself is not a downside; it simply means a smart buyer should ask about the age of these components. A 1987 build that’s been well-maintained can be more solid than a rushed 2000s build.

4. Why is the assessed value notably higher than the street average ($419K vs. $370K)?
Assessed value reflects the city’s estimate of market value based on recent sales, size, condition, and lot. The larger-than-average lot combined with location demand in Timberwood Trail likely drives this gap. It may also signal recent upgrades that the assessor accounted for. Worth confirming with a local agent whether the assessed value aligns with current market prices.

5. Should I consider this home if I want to add square footage later?
Yes, if the zoning allows. The lot is above-average in size, and the existing footprint leaves room for a rear or side addition, or a basement development. Many 1987 homes have lower-level potential that isn’t reflected in the above-grade square footage. Always check local setback rules and permits before planning any work.