Property Overview: 745 Silverstone Avenue, Fort Richmond
Key Characteristics & Appeal
This four-level split home at 745 Silverstone Avenue is a well-positioned property in Winnipeg's Fort Richmond neighbourhood. Its primary appeal lies in its generous living space. At 1,722 sqft, the home offers significantly more interior room than most comparable properties on its street, in the area, and across the city. This is complemented by a renovated basement, adding to its functional living area. The home sits on a standard city lot and features a detached garage. Built in 1965, it is a mature property that has been maintained, with an assessed value that is consistent with local averages.
The property would suit buyers looking for above-average interior space without a premium price tag, as the assessed value remains in line with the neighbourhood. It’s a practical choice for families or those who value distinct living zones afforded by the split-level layout. A thoughtful perspective for potential buyers is to consider the balance it strikes: you acquire a home that outperforms its peers in living area, while its value and lot size don’t command an outlier’s premium, suggesting a sensible, grounded investment in an established community.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
This home’s living area of 1,722 sqft is notably larger than average. It ranks in the top 6% on its own street and the top 22% within Fort Richmond, meaning it offers more interior space than the vast majority of similar local properties.
2. Is the assessed value high for the area?
No, the assessed value is around the local average. While the living space is above average, the assessment aligns with typical values for Fort Richmond, suggesting the property is not priced at a premium based on its size alone.
3. What should I know about the lot size?
The lot is 5,938 sqft, which is slightly below the average for Fort Richmond. This is a typical city lot, but buyers seeking extensive outdoor space for large gardens or additions should note it is not an oversized parcel.
4. The home was built in 1965. What does that imply?
As a home from the mid-1960s, buyers should anticipate the potential for updates to major aging components like roofing, windows, or plumbing. However, the renovated basement indicates some modernization has already been undertaken.
5. How have the property’s past sale prices trended?
Available data shows sales in 2016 and 2023. The 2023 sale price range reflected a value in the top 29% city-wide, indicating strong market performance at that time. For exact historical sold prices, you can request the information directly via the listing page.