Property Summary: 603 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a compelling blend of space, location, and value. Its key characteristics include a generous 1,712 sqft living area and a sizable 6,859 sqft lot, both ranking in the top 8% for the immediate street. The home features a renovated basement and a detached garage. Built in 1975, it is newer than many comparable homes in the area.
The appeal lies in its above-average metrics at every level—street, neighborhood, and city-wide—particularly in living space and land size, offering room to grow or enjoy outdoor privacy. The recently renovated basement adds immediate functional living space without the need for initial projects. It suits practical buyers looking for a move-in-ready home with room to breathe, whether they are growing families seeking stability in a established neighborhood or value-oriented purchasers who appreciate a property that outperforms its peers on core metrics like square footage. A less obvious perspective is its appeal to those who prioritize land over a multi-story layout, offering the potential for future expansions, gardens, or additions that a typical infill lot cannot accommodate.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this property consistently ranks above average. Its living area is larger than 92% of similar homes on its street, and its lot size is larger than 93% of comparable city-wide properties, making it a standout in terms of space.
2. What is the significance of the assessed value?
The assessed value of $48.30k is a municipal valuation for tax purposes, not the market price. It ranks in the top 10% on its street, indicating the city views it as a higher-value property relative to its immediate neighbors, which can be a useful benchmark.
3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.
4. What are the implications of the home’s age (1975)?
Built in 1975, the home is newer than the average for both the street and Fort Richmond. This can suggest updated core systems compared to older stock, but a thorough inspection is still essential to understand the condition of the roof, windows, and mechanicals.
5. Where can I find the exact historical sale price?
The listed sale price ranges are estimates from public data. The exact sale price history is available by request via email from the listing service, which provides the accurate figure manually without marketing spam.