603 Silverstone Avenue

Fort Richmond, Winnipeg

Property score

80.0

Excellent

Overall 80.0 · Larger and newer than most nearby homes

1,712 sqft (top 22%) · Built in 1975 (3 yrs newer than avg)

Located in a high-income area with median household income of ~97k

Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby

Living Area

Above average

20% larger than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 65%Chinese · 12%

Past 10 years Fort Richmond sales snapshot (~80% of all data)

Sold Count

1,068

Median price

445k

$/sqft

$351/sqft

Avg build year

1972

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Property score

80.0 is composed by the two sections below.

Property Score

79.8Good
Living Area1,712 sqft86Excellent
Year Built197558Fair
Lot Size6,859 sqft85Excellent
Neighbourhood Sales Activity78Good

Community Score

80.2Excellent
Household Income83Excellent
Education Level82Excellent
Housing Stress63Fair
Core Housing Need100Excellent
Employment Health60Fair

Neighbourhood Sales

Fort Richmond

How to read: Share of sales in each ~$50k price band for “fort richmond” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111011

Community deep dive

$97K

Median household income

$122K

Average household income

15%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

21%

Single-person households

18%

Families with children

Population, labour & age

Population (2021)507
Labour force participation rate59%
Median age38.8
Avg household size2.7
Unemployment rate8%
Population density2304 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households21%
Couple families with children18%
Median household income (2020)$97K

Housing

Renter households29%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority32%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 65%
Mother tongue (2nd)Chinese · 11%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,712 sqft
0255075100
Same streetTop 8%Same areaTop 22%CitywideTop 20%
Same street · Silverstone Avenue
#4 / 48
Top 8% · Avg 1,235 sqft
Same area · Fort Richmond
#576 / 2,629
Top 22% · Avg 1,421 sqft
Citywide · Winnipeg
#39,763 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
483k
0255075100
Same streetTop 10%Same areaTop 16%CitywideTop 23%
Same street · Silverstone Avenue
#5 / 48
Top 10% · Avg 399.8k
Same area · Fort Richmond
#429 / 2,629
Top 16% · Avg 435.7k
Citywide · Winnipeg
#43,978 / 194,458
Top 23% · Avg 390.1k

Year Built

above average
1975
0255075100
Same streetTop 19%Same areaTop 24%CitywideTop 40%

Lot Size

above average
6,859 sqft
0255075100
Same streetTop 8%Same areaTop 41%CitywideTop 18%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

603 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 280 m), 1 parks (nearest 431 m).

Search radius
🏫Education1
🌳Parks1
Worship1

Crime & Safety

Fort Richmond · WPS public data · 2026

Annual incidents

38

2026

vs. city avg

+29%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

55%

Sales History

Sold 11/2024CA$500k–550k
Sold price

Same street

Top 6%

Same area

Top 7%

City-wide

Top 15%

Related homes

Highlights & common questions: 603 Silverstone Avenue, Winnipeg

Property Summary: 603 Silverstone Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Fort Richmond presents a compelling blend of space, location, and value. Its key characteristics include a generous 1,712 sqft living area and a sizable 6,859 sqft lot, both ranking in the top 8% for the immediate street. The home features a renovated basement and a detached garage. Built in 1975, it is newer than many comparable homes in the area.

The appeal lies in its above-average metrics at every level—street, neighborhood, and city-wide—particularly in living space and land size, offering room to grow or enjoy outdoor privacy. The recently renovated basement adds immediate functional living space without the need for initial projects. It suits practical buyers looking for a move-in-ready home with room to breathe, whether they are growing families seeking stability in a established neighborhood or value-oriented purchasers who appreciate a property that outperforms its peers on core metrics like square footage. A less obvious perspective is its appeal to those who prioritize land over a multi-story layout, offering the potential for future expansions, gardens, or additions that a typical infill lot cannot accommodate.

Section 2: Frequently Asked Questions

1. How does this home compare to others nearby?
The data shows this property consistently ranks above average. Its living area is larger than 92% of similar homes on its street, and its lot size is larger than 93% of comparable city-wide properties, making it a standout in terms of space.

2. What is the significance of the assessed value?
The assessed value of $48.30k is a municipal valuation for tax purposes, not the market price. It ranks in the top 10% on its street, indicating the city views it as a higher-value property relative to its immediate neighbors, which can be a useful benchmark.

3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.

4. What are the implications of the home’s age (1975)?
Built in 1975, the home is newer than the average for both the street and Fort Richmond. This can suggest updated core systems compared to older stock, but a thorough inspection is still essential to understand the condition of the roof, windows, and mechanicals.

5. Where can I find the exact historical sale price?
The listed sale price ranges are estimates from public data. The exact sale price history is available by request via email from the listing service, which provides the accurate figure manually without marketing spam.

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