114 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 2021-built home with 1,498 square feet of living space on a 4,166-square-foot lot. The property sits at the smaller end of its street for both living area and lot size, but it’s close to neighborhood averages on both counts. The assessed value of $447,000 is notably below the street average of $522,200, though it’s slightly above the citywide benchmark for comparable homes. The real standout is the build year—this home is one of the newest on the street (top 18%) and ranks in the elite top 2% citywide for construction recency.
The appeal here is straightforward: you get a nearly new house in a street where most homes are older, without paying a premium for the newness. The living space is modest by street standards, but the citywide ranking (top 31%) shows it’s still a solid size for Winnipeg. The lot is smaller than the local average, so outdoor space is more functional than expansive.
This property would suit buyers who prioritize a recent build and lower maintenance over maximum square footage or a large yard. It’s a good fit for someone who wants to avoid the renovation headaches of an older home and is comfortable with a slightly tighter lot. The below-street valuation relative to the new construction suggests potential for stable value, not a flip.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
On Orion Crescent, 1,498 square feet is below the street average of 1,812 sqft. In the wider West Kildonan Industrial neighborhood, it’s around average (neighborhood average is 1,591 sqft). Citywide, it ranks in the top third.
2. Is the assessed value a good deal for a 2021 build?
The assessed value of $447,000 is significantly lower than the street average of $522,200, even though this home is one of the newest on the block. This creates a notable gap between the age of the property and its tax valuation, which could work in a buyer’s favor for property taxes.
3. What’s the lot like, and is it typical for the street?
The lot is 4,166 square feet, which is below the street average of 4,976 sqft. It’s slightly larger than the neighborhood average (3,839 sqft) but well below the citywide average for comparable homes (6,570 sqft). Expect a modest yard, not a sprawling one.
4. How old is the home, and how does that compare to the area?
Built in 2021, this is one of the newest homes on Orion Crescent (top 18%) and in the neighborhood (top 29%). Citywide, it falls in the elite top 2% for recency, where the average comparable home was built in 1966.
5. Where exactly is this property located, and how can I see nearby comparisons?
The property is at 114 Orion Crescent in the West Kildonan Industrial area of Winnipeg. The full neighborhood analysis, including side-by-side comparisons of year built, living area, assessed value, and lot size for nearby homes, is available via the map tool linked on the main property page.