2 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 2020-built home with 1,646 square feet of living space on a 4,672-square-foot lot. Its assessed value sits at $471,000. The property’s strongest asset is its age: city-wide, it ranks in the top 3% for newer construction, which is unusual in a market where the average comparable home was built in 1966. Living space is also above average for the neighborhood and city, though slightly smaller than the typical home on Orion Crescent itself. The lot size is generous for the immediate area but falls short of the city-wide average.
Where the property gives ground is assessed value. On the street, it’s below average—likely reflecting that newer homes nearby are larger or have higher-spec finishes. But relative to the city as a whole, the value is solid, sitting in the top quarter of all comparable homes. This suggests the property is priced reasonably for its age and size, without commanding a premium for the street.
The appeal here is straightforward: a relatively new home in an older stock of housing, with a decent-sized lot in a neighborhood where lots tend to be smaller. It would suit buyers who want the practicality of a modern build—better insulation, updated systems, less deferred maintenance—without paying for a prestige street or an oversized house. First-time buyers upgrading from a condo, or small families looking for a low-maintenance house with room for a yard, would be natural fits. It's less suited to someone seeking maximum square footage or a top-tier resale value on the block.
Frequently Asked Questions
1. How does the assessed value compare to what I’d actually pay?
Assessed value is a municipal estimate for tax purposes, not a market price. At $471,000, this home is below the street average but above the neighborhood and city averages. In practice, sale prices can diverge significantly—especially for newer homes, which sometimes attract a premium that the assessment doesn't fully capture. You'd want to look at recent sales of similar 2020-built homes in West Kildonan Industrial to get a real sense of value.
2. Is the lot big enough for a garden or an addition?
At 4,672 square feet, it's larger than most lots in the neighborhood (top 28%) but smaller than the typical Winnipeg lot. For a vegetable garden, play structure, or patio, there's likely enough room. Adding a significant extension might be tight depending on setbacks and zoning—worth checking with the city before assuming you can expand.
3. Why is the street ranking for year built below average if the house is only from 2020?
The street average for year built is 2021, which means a few homes are newer than this one. That could reflect recent infill construction or a couple of homes finished after 2020. It doesn't mean the house is old—it simply means the street itself is very newly developed.
4. What's the neighborhood like in terms of resale demand?
West Kildonan Industrial is a mixed-use area with older single-family homes and some newer builds. It's not a high-profile or trendy Winnipeg neighborhood, which can mean steadier, less volatile pricing. For a 2020 home in this area, future buyers will likely be drawn to the same thing you are: a relatively new house without a premium location markup.
5. How do the rankings work, exactly?
Each ranking compares this property to a pool of comparable homes at the street, neighborhood, and city level. “Top 58%” means it beats 58% of those homes in that category—so it's better than more than half. A lower percentage (like top 3%) means it outperforms nearly all of them. The bar fill color just reflects that tier visually (e.g., green for top-tier, red for bottom). Rankings are based on the raw number (living area, assessed value, etc.), so “better” always means a larger living area, higher value, newer year, or larger lot.