Property Summary: 781 Silverstone Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1965-built, four-level split home in Fort Richmond offers a practical layout with 1,482 sqft of living space and a renovated basement. Its key appeal lies in its value proposition and lot size. While the home's assessed value is below average for its immediate street and neighbourhood, it provides above-average interior space for the area and a land parcel of 6,047 sqft that is generous by city-wide standards. This creates an opportunity for buyers comfortable with a home from the 1960s to acquire more space and land for their budget.
The property would suit first-time buyers or value-focused purchasers looking for a functional family home in a established neighbourhood. It's particularly suited for those who prioritize indoor and outdoor space over a premium finish or a newer build, and for buyers who see potential in the sizable lot for gardening, play, or future expansion.
Frequently Asked Questions
1. Why is the assessed value ranked so low compared to nearby homes?
The home’s assessed value is in the bottom 15% on its own street. This typically reflects the home’s condition, specific features, or updates relative to its neighbours, and can indicate a more affordable entry point into the area.
2. What does "renovated basement" imply?
While the listing confirms the basement is renovated, the extent and quality of the renovation are not detailed. Buyers should inquire about the scope of work, when it was completed, and whether any permits were obtained.
3. How does the lack of a garage affect daily living and value?
The home has no garage, which is a consideration for vehicle storage, workshop space, and winter weather. This is a common feature in older neighbourhoods and is factored into the pricing, but buyers should plan for alternative parking and storage solutions.
4. The home sold recently in August 2024. What should I know?
The property has had a very recent change in ownership. It’s important to understand the seller’s motivation for listing again so quickly, and to investigate whether any significant work was done (or issues discovered) during that brief period.
5. How does the four-level split layout function for daily life?
Four-level splits offer good separation of living and sleeping areas, but involve multiple staircases. This layout is excellent for families seeking defined zones but may be less ideal for those with mobility concerns or a preference for single-level living.