Property Summary: 611 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Fort Richmond neighbourhood, built in 1950. With 948 sqft of living space, it is notably smaller than most comparable homes in the area, positioning it as a more affordable entry point. Its key characteristic is a substantial 6,471 sqft lot, which is above average city-wide and offers significant outdoor space or future potential relative to the home's footprint.
The primary appeal lies in its value proposition: a lower assessed value and historically lower sold prices compared to area averages suggest accessibility for budget-conscious buyers. It suits first-time homebuyers, downsizers seeking a manageable single-level layout, or investors looking for a land-value opportunity. The detached garage adds practical utility. A thoughtful perspective is that its older vintage (1950) on a large lot in an established area could appeal to those with a vision for renovation or expansion, seeing the existing structure as a foundation rather than a final product.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
The assessed value is influenced significantly by the home's smaller size and older age compared to neighbouring properties. The value is primarily in the land and the home's potential rather than in its current finished square footage.
2. What does the "below average" ranking for living area mean?
This statistical ranking indicates that this home's interior space is smaller than the majority of homes used for comparison on its street, in Fort Richmond, and across Winnipeg. It confirms the home is a compact, efficient layout.
3. Is the large lot size a benefit?
Yes. The lot is larger than most in the city and is average-to-above-average for the immediate area. This provides more private outdoor space, room for gardening, parking, or storage, and is a key asset that may not be reflected in the current home's price.
4. Who would this property not be suitable for?
It may not suit buyers who prioritize modern, move-in-ready homes with ample interior space or who have no interest in utilizing or maintaining a larger lot. Families requiring multiple bedrooms or larger common areas might find it too confined.
5. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, you must request the exact sold price via email, as the listing service manually verifies and provides this detail to ensure accuracy.