146 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1,573 sqft home, built in 2021, sits on a 4,460 sqft lot in Winnipeg’s West Kildonan Industrial area. Its assessed value is $462,000.
The property’s appeal is not in being the biggest or most expensive on its street—it ranks below average there for both living area and assessed value. Instead, its strength is relative context. City-wide, it outperforms 73% of comparable homes in living area and 74% in assessed value, while its construction year places it in the top 2% of the city. The lot size is also above average for the neighbourhood, though modest compared to city-wide norms.
This home suits buyers who want a newer build with a solid long-term value proposition rather than a flashy street-topping asset. It would likely appeal to someone prioritizing modern construction and energy efficiency over maximum square footage or curb appeal on a block of larger, pricier homes. It’s a reasonable fit for a first-time or move-up buyer who values being near the top of city-wide rankings over local bragging rights.
Five Possible FAQs
1. Why is the home ranked below average on its street but above average city-wide?
The street (Orion Crescent) has an unusually high average living area (1,812 sqft) and assessed value ($522,200). City-wide, however, the average for comparable homes is much lower (1,342 sqft and $390,100). So this home is small relative to its immediate neighbours but spacious compared to most houses in Winnipeg.
2. How does the 2021 build year compare to other homes in the area?
It’s among the newest homes on the street (top 18%) and in the neighbourhood (top 29%). City-wide, it’s elite—only 2% of homes are newer, given that the city average build year is 1966. This suggests lower maintenance and better insulation/mechanicals than the vast majority of Winnipeg properties.
3. Is the land size a concern?
At 4,460 sqft, the lot is average for the street and above average for the neighbourhood, but below average city-wide (where many properties have larger lots). It’s a typical suburban size—enough for a yard and possibly a garage, but not oversized by city standards. Good for someone who wants outdoor space without massive upkeep.
4. What does “assessed value” mean in practical terms?
It’s the city’s estimate of market value used for property taxes. At $462k, this home is around the neighbourhood average but undervalued relative to the street. This could mean property taxes are slightly lower than you’d expect for a newer home, but it also suggests the street has pricier comparable properties that may skew perceptions of value.
5. How does this property compare to others nearby for resale potential?
Being newer than most homes in the area and city-wide, it has an edge in depreciation and buyer interest. However, its smaller size and lower value on the street could limit upside compared to neighbouring properties if that block appreciates faster. The resale strength likely comes from its city-wide ranking and modern construction, not from being the standout home on Orion Crescent.