627 Silverstone Avenue

Fort Richmond, Winnipeg

Property score

58.4

Fair

Overall 58.4 · Smaller and older than most nearby homes

858 sqft (bottom 5%) · 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

Below average

40% smaller 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

58.4 is composed by the two sections below.

Property Score

43.8Low
Living Area858 sqft32Low
Year Built195643Low
Lot Size6,472 sqft81Excellent
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

below average
858 sqft
0255075100
Same streetBottom 8%Same areaBottom 5%CitywideBottom 13%
Same street · Silverstone Avenue
#44 / 48
Bottom 8% · Avg 1,235 sqft
Same area · Fort Richmond
#2,495 / 2,629
Bottom 5% · Avg 1,421 sqft
Citywide · Winnipeg
#169,072 / 194,458
Bottom 13% · Avg 1,342 sqft

Tax-Assessed Value

around average
382k
0255075100
Same streetBottom 42%Same areaBottom 23%CitywideTop 43%
Same street · Silverstone Avenue
#28 / 48
Bottom 42% · Avg 399.8k
Same area · Fort Richmond
#2,013 / 2,629
Bottom 23% · Avg 435.7k
Citywide · Winnipeg
#84,213 / 194,458
Top 43% · 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

627 Silverstone Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 196 m), 1 parks (nearest 257 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 9/2021CA$350k–400k
Sold price

Same street

Top 41%

Same area

Top 46%

City-wide

Top 37%
Sold 9/2019CA$300k–350k
Sold price

Same street

Bottom 31%

Same area

Bottom 25%

City-wide

Top 49%

Related homes

Highlights & common questions: 627 Silverstone Avenue, Winnipeg

Property Overview: 627 Silverstone Avenue, Fort Richmond, Winnipeg

Key Characteristics & Buyer Appeal

This one-storey home in Fort Richmond is defined by its generous, above-average lot size of 6,472 sqft, offering more outdoor space than most comparable properties on its street and across Winnipeg. The home itself is modest in size at 858 sqft of living area, placing it below average for the neighbourhood, and it features a renovated basement and a detached garage. Built in 1956, it is older than many area homes. Its assessed value is around the average for the street and city, but below average for Fort Richmond specifically, suggesting it may represent a value proposition within this desirable area.

The primary appeal lies in its land potential. The large lot in a mature neighbourhood is a significant asset for buyers interested in gardening, outdoor living, or future expansion. The renovated basement adds functional living space. This property would best suit first-time buyers, downsizers, or value-focused investors seeking an entry point into Fort Richmond. It’s a home where the value is grounded more in the land and location than in the size or modernity of the structure, appealing to those who see potential over immediate perfection.

Frequently Asked Questions

1. Is the price competitive for the area?
Based on assessed value, the home is priced below the Fort Richmond average but aligns with the street and city averages. Recent sale history suggests it has traded at a value-oriented price point.

2. What does "below average" living area mean for daily life?
With 858 sqft (plus basement), the main floor is compact. Efficient use of space is key. The renovated basement effectively doubles the functional living area, making the overall footprint more comfortable.

3. How does the older year of construction (1956) affect the home?
While the core structure is mature, the renovated basement indicates updates have been made. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems.

4. What are the advantages of a larger, above-average lot?
Beyond privacy and yard space, a larger lot in a established area like Fort Richmond offers long-term flexibility. It could accommodate additions, a larger garage, or simply provides a more substantial and valuable land asset compared to neighbouring properties.

5. Who typically buys homes like this in Fort Richmond?
This property attracts pragmatic buyers. It’s often a first step into the neighbourhood for those willing to grow into or update a home over time, or a practical choice for downsizers who want a manageable house without sacrificing outdoor space. Its value also draws attention from investors.

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