623 Silverstone Avenue

Fort Richmond, Winnipeg

Property score

73.8

Good

Overall 73.8 · Older than most nearby homes

1,454 sqft (top 39%) · Built in 1956 (16 yrs older than avg)

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

Transit 80.0 · 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

2% larger than neighborhood avg.

Year Built

Below average

16 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
1,454 sqftGood
Year Built43
1956Low
Lot Size81
6,472 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
1,454 sqft
0255075100
Same streetTop 21%Same areaTop 39%CitywideTop 33%
Same street · Silverstone Avenue
#10 / 48
Top 21% · Avg 1,235 sqft
Same area · Fort Richmond
#1,028 / 2,629
Top 39% · Avg 1,421 sqft
Citywide · Winnipeg
#64,412 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

above average
436k
0255075100
Same streetTop 25%Same areaTop 37%CitywideTop 31%
Same street · Silverstone Avenue
#12 / 48
Top 25% · Avg 399.8k
Same area · Fort Richmond
#966 / 2,629
Top 37% · Avg 435.7k
Citywide · Winnipeg
#60,018 / 194,458
Top 31% · Avg 390.1k

Year Built

around average
1956
0255075100
Same streetBottom 23%Same areaBottom 3%CitywideBottom 36%

Lot Size

above average
6,472 sqft
0255075100
Same streetTop 29%Same areaBottom 36%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

623 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 201 m), 1 parks (nearest 285 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 9/2024CA$500k–550k
Sold price

Same street

Top 3%

Same area

Top 5%

City-wide

Top 13%
Sold 10/2021CA$300k–350k
Sold price

Same street

Bottom 34%

Same area

Bottom 26%

City-wide

Top 49%

Related homes

Highlights & common questions: 623 Silverstone Avenue, Winnipeg

Property Overview: 623 Silverstone Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond presents a practical and value-oriented opportunity. Its key characteristic is a well-proportioned, above-average living space (1,454 sqft) on a generous city-sized lot (6,472 sqft), offering more room than many comparable homes in the immediate area. A recently renovated basement adds functional living space and modern appeal. The home’s assessed value positions it favorably within its neighborhood, suggesting a solid foundation for equity.

The appeal lies in its balance of space, updates, and location. It suits buyers looking for a single-level layout, perhaps downsizers or those seeking ease of movement, who still desire ample indoor and outdoor space. It’s also a strong candidate for value-conscious buyers or investors who recognize the worth in a larger lot and updated basement in a mature, established community like Fort Richmond. A thoughtful perspective: while the home itself is older (built 1956), its above-average size for the street and renovated condition mean you’re acquiring a property that already outperforms many of its local peers on key metrics, potentially offering a head start in a sought-after neighborhood.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,454 sqft of living area, this home is larger than the average on Silverstone Avenue (approx. 1,235 sqft) and is ranked in the top 21% for size on its own street.

2. What is the significance of the lot size?
The 6,472 sqft lot is above average both for the street and city-wide (top 23% in Winnipeg). This offers more private outdoor space than many properties and potential for gardening, expansion, or simply greater distance from neighbors.

3. The home was built in 1956. What should I consider?
While the structure is older, the renovated basement indicates recent investment. A pre-purchase inspection is especially important to understand the condition of major aging components like the roof, foundation, and plumbing.

4. How is the assessed value context helpful?
The assessed value of $43.60k places the home in the top 25% on its street and above the city-wide average for comparable homes. This can indicate the city’s view of its relative worth, though market conditions ultimately determine sale price.

5. Where can I find exact historical sold prices for this property?
Exact sold prices are not published publicly. The listing service offers to provide this specific data manually via email upon request, at no cost and without marketing spam.