Property Overview: 623 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a practical and value-oriented opportunity. Its key characteristic is a well-proportioned, above-average living space (1,454 sqft) on a generous city-sized lot (6,472 sqft), offering more room than many comparable homes in the immediate area. A recently renovated basement adds functional living space and modern appeal. The home’s assessed value positions it favorably within its neighborhood, suggesting a solid foundation for equity.
The appeal lies in its balance of space, updates, and location. It suits buyers looking for a single-level layout, perhaps downsizers or those seeking ease of movement, who still desire ample indoor and outdoor space. It’s also a strong candidate for value-conscious buyers or investors who recognize the worth in a larger lot and updated basement in a mature, established community like Fort Richmond. A thoughtful perspective: while the home itself is older (built 1956), its above-average size for the street and renovated condition mean you’re acquiring a property that already outperforms many of its local peers on key metrics, potentially offering a head start in a sought-after neighborhood.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,454 sqft of living area, this home is larger than the average on Silverstone Avenue (approx. 1,235 sqft) and is ranked in the top 21% for size on its own street.
2. What is the significance of the lot size?
The 6,472 sqft lot is above average both for the street and city-wide (top 23% in Winnipeg). This offers more private outdoor space than many properties and potential for gardening, expansion, or simply greater distance from neighbors.
3. The home was built in 1956. What should I consider?
While the structure is older, the renovated basement indicates recent investment. A pre-purchase inspection is especially important to understand the condition of major aging components like the roof, foundation, and plumbing.
4. How is the assessed value context helpful?
The assessed value of $43.60k places the home in the top 25% on its street and above the city-wide average for comparable homes. This can indicate the city’s view of its relative worth, though market conditions ultimately determine sale price.
5. Where can I find exact historical sold prices for this property?
Exact sold prices are not published publicly. The listing service offers to provide this specific data manually via email upon request, at no cost and without marketing spam.