Property Overview: 618 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Fort Richmond presents a practical and comfortable living space. Its key features include 1,363 sqft of living area, an attached garage, and a renovated basement, offering immediate move-in readiness and functional space for a family or home office. The home was built in 1972 and sits on a 6,468 sqft lot.
The appeal lies in its strong positioning within a stable, established neighborhood. The data indicates its assessed value consistently ranks above average—not just on its street, but across the wider Fort Richmond area and citywide. This suggests a property that has been maintained or updated in ways that are recognized in its valuation. While the lot size is modest for the immediate street, it is notably above average compared to the entire city, offering good outdoor space without excessive maintenance.
This home would suit first-time buyers or downsizers seeking a single-level layout in a mature community, and value-conscious buyers who appreciate a property with an above-average assessment relative to its peers. It’s a solid choice for those prioritizing a renovated, low-hassle home in a convenient location over a brand-new build.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value of $453,000 ranks in the top 27% for Fort Richmond and top 28% citywide, indicating it is valued higher than many comparable homes. This often reflects updates, condition, or desirable lot attributes.
2. What is the significance of the lot size ranking?
While the lot is smaller than many on Silverstone Avenue itself (ranking in the bottom third of the street), it is actually larger than over 75% of residential lots across Winnipeg. This means you get a yard size that is generous by city standards, but with less upkeep than the largest properties on the block.
3. Has the property’s value increased over time?
Based on available data, the home sold for between $375,000 and $405,000 in August 2016. The current assessed value of $453,000 suggests appreciation over that period, though for precise figures and market context, consulting a local real estate professional is recommended.
4. What does “renovated basement” typically imply for a 1972 home?
In a home of this era, a renovated basement often means updated finishes, improved lighting, and likely attention to foundational moisture protection. It adds valuable finished living or recreational space to the home’s footprint.
5. Who provides the exact historical sold price?
The exact sold price history is available upon request from the listing source. You can submit your email to receive the precise figure directly, as public records sometimes show only approximate ranges.