Property Summary: 616 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property with a mix of classic features and modern updates. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 1,416 sqft floor plan. The home sits on a generous 6,469 sqft lot, which is notably larger than the average city lot, offering ample outdoor space. A detached garage provides additional storage or workshop potential.
The appeal lies in its balance. It offers more interior space than most similar homes on its street and a larger-than-average yard for the city, all at an assessed value that is moderate for the Fort Richmond area. The renovated basement suggests move-in readiness and added functionality. This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for value-conscious buyers who prioritize land size and liveable square footage over a newer build date, as the home is older than many in the immediate neighborhood.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is below the average for Fort Richmond, potentially indicating a value opportunity relative to the neighborhood, though it aligns more closely with city-wide averages.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, suite, additional bedrooms).
3. Is the lot size a significant advantage?
Yes. The land area is in the top 23% city-wide, meaning the yard is larger than most in Winnipeg. This is a standout feature for gardening, recreation, or future expansion, especially on a one-storey home.
4. The home is older than many on the street. Should I be concerned?
Built in 1959, it is older than 75% of homes on Silverstone Avenue. This necessitates a focus on the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may need attention or updating.
5. Where can I find the exact historical sale price?
The listed sale price range is an estimate from public data. The exact sale price is available by request from the listing service, which provides it manually via email without marketing spam.