Property score
57.5
Fair
Overall 57.5 · Smaller and older than most nearby homes
836 sqft (bottom 3%) · Built in 1954 (18 yrs older 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
Below average
41% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 65%Chinese · 12%
Past 10 years Fort Richmond sales snapshot (~80% of all data)
1,068
445k
$351/sqft
1972
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57.5 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111011
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
614 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 181 m), 1 parks (nearest 344 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 1% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 614 Silverstone Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1954, situated on a generous 6,469 sqft lot in Fort Richmond. Its key characteristics are defined by contrast: the living space is modest at 836 sqft, ranking below average for the area, while the lot size is notably larger than the Winnipeg citywide average. The home has a basement but it is not renovated, and there is no garage or pool. The assessed value is significantly below that of its immediate neighbours.
The primary appeal lies in its potential as a land-value proposition or a straightforward entry point into the market. It suits a specific type of buyer: those seeking a lower-cost footprint in a established neighbourhood, willing to undertake renovations or an eventual rebuild. It could also appeal to an investor looking for a rental property with future redevelopment upside, given the lot size. A less obvious perspective is that this property offers a rare chance to secure a larger-than-average lot in the city without paying the typical premium that comes with a larger house, making it a strategic purchase for long-term planning.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property's current state, including the smaller, older home that has not been renovated. It is primarily based on the land value and the existing structure's condition compared to updated or larger homes on the street.
2. What is the potential for expanding or rebuilding on this lot?
With a lot size above the city average, there is clear potential for future expansion or redevelopment. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.
3. What should I budget for immediate repairs or updates?
Given the age of the home and the note that the basement is not renovated, buyers should budget for essential systems updates (like plumbing, electrical, or roofing) and anticipate cosmetic renovations. A thorough home inspection is strongly recommended.
4. How does the lack of a garage affect parking and storage?
The property has no garage, so vehicle parking is limited to the driveway or street. This also means all storage must be accommodated within the home or a potential shed, which is a key consideration for planning.
5. Can I get the exact historical sale price instead of the range shown?
Yes. The exact sold price from previous transactions is available by request via email. The provided ranges are based on public data, but the precise figure is shared manually upon contact, with no obligation for marketing spam.
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