616 Silverstone Avenue

Fort Richmond, Winnipeg

Property score

73.8

Good

Overall 73.8 · Older than most nearby homes

1,416 sqft (top 40%) · Built in 1959 (13 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

Near average

0% smaller than neighborhood avg.

Year Built

Below average

13 yrs older 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

73.8 is composed by the two sections below.

Property Score

69.6Good
Living Area75
1,416 sqftGood
Year Built43
1959Low
Lot Size81
6,469 sqftExcellent
Neighbourhood Sales Activity78
Good

Community Score

80.2Excellent
Household Income83
Excellent
Education Level82
Excellent
Housing Stress63
Fair
Core Housing Need100
Excellent
Employment Health60
Fair

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
1,416 sqft
0255075100
Same streetTop 23%Same areaTop 40%CitywideTop 35%
Same street · Silverstone Avenue
#11 / 48
Top 23% · Avg 1,235 sqft
Same area · Fort Richmond
#1,057 / 2,629
Top 40% · Avg 1,421 sqft
Citywide · Winnipeg
#67,570 / 194,458
Top 35% · Avg 1,342 sqft

Tax-Assessed Value

around average
381k
0255075100
Same streetBottom 40%Same areaBottom 22%CitywideTop 44%
Same street · Silverstone Avenue
#29 / 48
Bottom 40% · Avg 399.8k
Same area · Fort Richmond
#2,038 / 2,629
Bottom 22% · Avg 435.7k
Citywide · Winnipeg
#84,777 / 194,458
Top 44% · Avg 390.1k

Year Built

around average
1959
0255075100
Same streetBottom 25%Same areaBottom 3%CitywideBottom 40%

Lot Size

above average
6,469 sqft
0255075100
Same streetBottom 25%Same areaBottom 35%CitywideTop 23%

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

616 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 171 m), 1 parks (nearest 329 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 1/2024CA$400k–450k
Sold price

Same street

Top 19%

Same area

Top 29%

City-wide

Top 29%

Related homes

Highlights & common questions: 616 Silverstone Avenue, Winnipeg

Property Summary: 616 Silverstone Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is a practical property with a mix of classic features and modern updates. Its key characteristic is a recently renovated basement, adding valuable finished living space to the 1,416 sqft floor plan. The home sits on a generous 6,469 sqft lot, which is notably larger than the average city lot, offering ample outdoor space. A detached garage provides additional storage or workshop potential.

The appeal lies in its balance. It offers more interior space than most similar homes on its street and a larger-than-average yard for the city, all at an assessed value that is moderate for the Fort Richmond area. The renovated basement suggests move-in readiness and added functionality. This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for value-conscious buyers who prioritize land size and liveable square footage over a newer build date, as the home is older than many in the immediate neighborhood.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the area?
The home’s assessed value is below the average for Fort Richmond, potentially indicating a value opportunity relative to the neighborhood, though it aligns more closely with city-wide averages.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, suite, additional bedrooms).

3. Is the lot size a significant advantage?
Yes. The land area is in the top 23% city-wide, meaning the yard is larger than most in Winnipeg. This is a standout feature for gardening, recreation, or future expansion, especially on a one-storey home.

4. The home is older than many on the street. Should I be concerned?
Built in 1959, it is older than 75% of homes on Silverstone Avenue. This necessitates a focus on the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may need attention or updating.

5. Where can I find the exact historical sale price?
The listed sale price range is an estimate from public data. The exact sale price is available by request from the listing service, which provides it manually via email without marketing spam.