Property Overview
This 1965 bi-level home at 665 Silverstone Avenue in Fort Richmond presents a practical and value-conscious opportunity. Its key appeal lies in a desirable balance: it sits on a larger-than-average lot for the street (6,472 sqft) while carrying a below-average assessed value for the neighborhood. The home itself is modest in size at 999 sqft of living space and features a renovated basement and a detached garage.
The property is best suited for first-time buyers, downsizers, or investors seeking an entry point into a well-established Winnipeg neighborhood. Its value proposition is grounded in land potential and affordability rather than square footage. A thoughtful perspective is that while the living space is compact, the generous lot offers room for future expansion, gardening, or outdoor living—a flexibility not always found in this price range. The home’s age and below-average assessment for the area also suggest potential for value growth through updates.
Frequently Asked Questions
1. Is the home smaller than others in the area?
Yes. With 999 sqft of living area, it is below the average for both Silverstone Avenue and the wider Fort Richmond neighborhood.
2. What does the "below average" assessed value indicate?
It means the city’s assessment for this property is lower than most homes in Fort Richmond. This can be attractive for property taxes but may also reflect the home’s modest size or condition relative to others.
3. How does the lot size compare?
The lot is a standout feature. At 6,472 sqft, it is above average for both the immediate street and the city overall, offering more outdoor space than many comparable properties.
4. What might the renovated basement include?
The listing confirms the basement is renovated but does not specify details. A prospective buyer should inquire about the finish quality, permits, and whether it includes a separate entrance or legal suite potential.
5. Who are the typical neighbors?
The nearby properties on Silverstone Avenue are a mix of similar-aged homes, suggesting a stable, established community. The similar assessed values of comparison homes in other areas like Varsity View indicate this price point is typical for a functional, older home in Winnipeg’s mature neighborhoods.