238 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a newer, well-valued home in a mature city, built in 2022. Its main strengths are a very recent construction date and an assessed value that sits above both the neighborhood and citywide averages, despite a living area that is only around average for its street.
Where the appeal lies: The property offers a strong balance of low-maintenance newness and perceived value. At 1,626 sqft, it’s not oversized but is larger than the typical Winnipeg home (citywide average: 1,342 sqft). The land area (3,903 sqft) is smaller than the street average, which may mean less yard work but also less privacy or outdoor space. The assessed value of $495k is notably higher than the neighborhood average ($442.9k) and well above the citywide average ($390.1k), suggesting the home is already positioned at a premium—likely due to its age and finish quality, not square footage alone.
What it suits: This property would fit a buyer who wants a move-in-ready, newer home without a large yard to maintain, and who is comfortable paying a premium for recency over space. It’s a less obvious fit for someone seeking maximum square footage or a large lot for the money. The strong citywide ranking for year built (top 1%) also makes it relevant for buyers who prioritize energy efficiency, lower immediate repair costs, or modern layouts. Families or professionals who value a home’s condition over its footprint—and who are not land-hungry—would find this a practical choice.
Five Frequently Asked Questions
1. How does this home compare to others on Orion Crescent?
On its street, this home is average in living area (top 65%) and assessed value (top 51%), but stands out for its exceptionally recent construction (ranked 2nd out of 107). The lot size is below average (top 74%), meaning most neighbors have more land. It’s a well-rounded property on the street, not the biggest or most expensive, but among the newest.
2. Why is the assessed value high relative to the neighborhood and city averages?
The value reflects the 2022 build date and likely modern finishes, systems, and energy performance. In a neighborhood where the average home was built around 2021 (the same area average), this home still ranks in the top 27% for assessed value—suggesting it may have upgrades or a desirable location within the area. Citywide, it outranks 79% of homes, which is consistent with its newer status.
3. Is the smaller land area a drawback?
It depends on your priorities. At 3,903 sqft, the lot is about 1,000 sqft smaller than the street average and well below the citywide average of 6,570 sqft. This means less outdoor space for gardening, play, or expansion. However, it also means lower maintenance and potentially a more compact, walkable yard. Buyers who value interior living space over land will find it less of a concern.
4. How does the living area compare to other homes in Winnipeg?
At 1,626 sqft, this home is above the citywide average of 1,342 sqft, ranking in the top 24% of all comparable homes in Winnipeg. It’s not a large home by suburban standards, but it’s comfortably above what most Winnipeg households occupy. Within the West Kildonan Industrial area, it’s close to the neighborhood average (1,591 sqft), so it won’t feel oversized or cramped relative to nearby homes.
5. What are the key trade-offs if I buy this property?
The main trade-off is newness versus space. You get a very recent build with likely lower maintenance, modern systems, and a strong value ranking, but you sacrifice square footage and lot size compared to older, more affordable options on the same street. Another less obvious consideration: being among the newest homes in a neighborhood of mostly 2021 builds, you may have less character differentiation from your neighbors, and the premium paid for newness may not appreciate as quickly as in areas with older housing stock.