Property Overview: 824 Silverstone Avenue, Fort Richmond
Key Characteristics & Appeal
This well-maintained one-storey home in Fort Richmond offers a practical and comfortable living space. Its key appeal lies in its balance of a renovated basement and above-average living area for its immediate neighborhood, providing more interior space than many homes on Silverstone Avenue. Built in 1965, the home sits on a standard city lot. The data suggests a property that has been kept competitive within its local market, with an assessed value that ranks above average for the street. It does not have a garage or pool.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a established neighborhood. The renovated basement adds valuable flexible space for a family room, home office, or guests. It’s a pragmatic choice for a buyer who prioritizes move-in ready interior space over a large yard or newer construction, and who values being in a community where the home’s size and value sit comfortably above the local street average.
Frequently Asked Questions
1. How does the living space compare to the area?
At 1,488 sqft, the living area is notably larger than the average for Silverstone Avenue (1,235 sqft) and is competitive with averages across Fort Richmond and Winnipeg overall.
2. What is the significance of the assessed value ranking?
The assessed value ranks in the top 29% on its own street, meaning it is valued higher than most direct neighbors. This often indicates updates, desirable lot placement, or a favorable floor plan relative to nearby homes.
3. Is the lot size a drawback?
The land area is smaller than many lots in Fort Richmond. For some, this means less yard maintenance. For others, it could limit expansion plans or private outdoor space. It is, however, close to the city-wide average for lot size.
4. What can recent sold prices tell me?
Public data shows sold prices in 2017 and 2021. While these give a historical trend, the exact sold prices are withheld from public records. You can request the precise figures directly from the site to understand its specific market history.
5. The home was built in 1965. What should I consider?
While the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, roof) that are likely original or have been updated at various times. A thorough inspection is advised to understand the condition and any upcoming maintenance typical for a home from this era.