Property score
51.4
Fair
Overall 51.4 · Smaller and older than most nearby homes
672 sqft (bottom 1%) · Built in 1952 (20 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
Below average
53% smaller than neighborhood avg.
Year Built
Below average
20 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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51.4 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
625 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 198 m), 1 parks (nearest 271 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 1% | Bottom 1% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 625 Silverstone Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1952, situated on a notably generous lot in the Fort Richmond neighborhood. Its key characteristic is the significant contrast between its modest 672 sqft living space—which ranks well below average for the area—and its above-average 6,472 sqft land parcel. The home has a detached garage and an unrenovated basement. With an assessed value of $310k, it sits below the average for its immediate street but closer to the city-wide norm.
The primary appeal lies in its land value and potential. The large lot offers rare space for expansion, gardening, or outdoor living in a mature neighborhood. This property suits a specific type of buyer: those looking for an entry point into the market who are willing to live modestly while planning a future renovation or addition, or an investor/builder who sees value in the land itself. It’s a practical choice for a buyer whose priority is securing space and location over immediate move-in condition, viewing the existing home as a foundational asset rather than a finished product.
Section 2: Frequently Asked Questions
1. Why is the living space so much smaller than nearby homes?
As a 1952-built, one-storey home, its original floor plan reflects post-war housing styles. Many neighboring properties have likely been expanded or are newer, explaining the significant difference in living area rankings.
2. What does the sold price history indicate?
Public data shows it last sold between $205k-$235k in early 2018. The increase to the current $310k assessment reflects broader market trends and the inherent value of the land, rather than significant improvements to the home itself.
3. Is the large lot a practical advantage for the average buyer?
It can be, but it depends on goals. It offers excellent long-term potential, but it also means a higher portion of your property taxes and maintenance effort is dedicated to land, not living space, in the short term.
4. Who would this property not suit?
It’s likely not a fit for buyers seeking a turn-key, modern home or those who need substantial indoor space immediately. The unrenovated basement and compact main floor require a willingness to invest time and resources.
5. How meaningful is the "below average" assessed value for the street?
It’s a direct reflection of the home’s size and condition relative to its neighbors. It suggests an opportunity to add value through strategic updates, but also that the current utility of the structure is limited compared to others on Silverstone Avenue.
