Property Overview: 629 Silverstone Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a straightforward value proposition centered on its land and location. At just over 1,000 sqft of living space, the house itself is modest and below the average size for the area, reflecting its 1952 construction. However, it sits on a 6,473 sqft lot that is notably larger than many in the city and on its own street, offering a generous outdoor space that is increasingly rare. The home features a renovated basement and a detached garage.
Its primary appeal lies in its potential. The combination of a lower assessed value, a sizable lot, and the established Fort Richmond neighborhood makes it a candidate for buyers looking to enter the market with room to grow. It suits first-time buyers or investors comfortable with a home that may require updates, as well as those who prioritize private outdoor space over a large interior footprint. A thoughtful perspective is that while the house ranks below average in many metrics for its immediate area, its city-wide land ranking is strong, suggesting the lot itself is a standout asset that could underpin future value.
Frequently Asked Questions
1. Is the home in need of major updates?
Given its age (built in 1952) and that its living area is below neighbourhood averages, buyers should budget for potential updates. The basement has been renovated, but the main floor may reflect older layouts and finishes.
2. How does the lot size compare to nearby properties?
The lot is a key feature. At 6,473 sqft, it ranks in the top 15% on its street and the top 23% city-wide, meaning it is significantly larger than many comparable properties, offering excellent yard space.
3. What is the neighbourhood like?
Fort Richmond is an established, family-friendly community in Winnipeg, often valued for its proximity to the University of Manitoba, good schools, and amenities. This location offers the stability of a mature area.
4. Why is the assessed value relatively low?
The assessed value is below average for Fort Richmond. This typically reflects the home's smaller size, older age, and the fact that assessment values are not equivalent to market value. It can indicate a more accessible price point.
5. Where can I find the exact historical sale price?
The listed sale price is a range based on public data. The exact sold price is available by request via email from the listing source, which they provide manually without using your email for marketing.