Property Overview
610 Silverstone Avenue presents a solid, no-frills home in Winnipeg's Fort Richmond neighborhood. Its appeal lies in its practicality and lot size, offering a grounded opportunity in the market.
Key Characteristics & Ideal Buyer
This is a modest, one-storey home built in 1964 with 924 sqft of living space, which is below average for the area. Its key updated feature is a renovated basement, adding functional space. The standout characteristic is the 6,471 sqft lot, which is notably larger than the citywide average, offering valuable outdoor space or future potential in a mature neighborhood.
The home’s assessed value is around average for its street and the city, but below average for Fort Richmond specifically, suggesting it may represent a relative value within this desirable area. Recent sale history indicates stable, mid-range pricing.
This property would best suit a pragmatic first-time homebuyer, a downsizer looking for a manageable single-level layout with a generous yard, or an investor seeking a straightforward rental property in a stable university-area community. Its appeal is not in grandeur, but in offering the fundamentals of homeownership—a renovated basement, a detached garage, and a sizable lot—without a premium price tag. A thoughtful perspective is that while the house itself is smaller, the above-average lot size in a built-out city provides a scarcity value that floor plans cannot.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 924 sqft, the living area is below average for the street, neighborhood, and city. This is a compact, efficient layout.
2. What does "renovated basement" typically mean here?
While specifics should be verified, in homes of this era and price point, this usually indicates functional updates like finished walls/flooring, and possibly a secondary living space or utilities, not necessarily a full legal suite.
3. How does the lot size compare?
The lot is a key feature. At over 6,400 sqft, it is larger than the average city lot, offering more private outdoor space than many newer properties.
4. Why is the assessed value below average for Fort Richmond?
The assessed value reflects the home's smaller size and age relative to many other homes in the broader Fort Richmond area, which includes larger, newer properties. This can make it a more accessible entry point into the neighborhood.
5. What is the typical buyer for this home?
Given its size and profile, it commonly attracts first-time buyers, downsizers seeking a manageable property without sacrificing yard space, and investors looking for a practical rental in a high-demand area near the university.