Riverwood is a predominantly residential neighbourhood along the Pitt River in the northeast corner of Port Coquitlam, north of the Lougheed Highway and south of the CP Rail corridor. It was developed primarily in the 1990s and 2000s as a family-oriented detached-house subdivision, with some townhouse complexes added in the 2000s and 2010s. Streetscapes are consistent and recent: wide cul-de-sacs, double-garage houses, mature but not old trees, and generally quiet except for the CP freight trains that pass through the city several times a day.

The neighbourhood's defining amenity is the Traboulay PoCo Trail, which follows the Pitt River along Riverwood's eastern edge. The PoCo Trail is a 25.3-kilometre loop that circles the entire city along its rivers, dykes, and greenbelt corridors — one of the best urban walks in all of Metro Vancouver, and the Riverwood section along the Pitt River is one of its quieter, more scenic stretches. Cyclists, dog-walkers, and stroller-pushing families use it extensively.

Riverwood is almost entirely owner-occupied. Three-bedroom detached houses list in the $1.3M–1.7M range; townhouse rentals run $2,600–3,200 for three-bedroom units. Secondary suites are common and run $1,400–1,900 for a one-bedroom ground-floor unit. Schools in Riverwood are generally strong, particularly Riverside Secondary. For newcomer families specifically looking for newer house stock, trails at the doorstep, and a quieter Tri-Cities feel, Riverwood is often a better fit than older Citadel or Mary Hill.