46 Orion Crescent – Property Summary
Key Characteristics
This is a 2021-built home with 1,501 square feet of living space on a 3,901-square-foot lot. Its assessed value is $448,000.
The property performs unevenly across different comparison levels. On its own street (Orion Crescent), it sits below average in both size and assessed value—ranking 103rd out of 107 homes. But that’s partly because the street itself has larger, more expensive homes than usual (average 1,812 sqft and $522,000). In the broader West Kildonan Industrial area, it’s much closer to the median on most metrics. City-wide, the home ranks in the top 30% for living area and top 29% for assessed value, while its 2021 construction year puts it ahead of 98% of Winnipeg homes (average build year city-wide is 1966).
The land is the one clear weak spot: the lot is smaller than average at every geographic level, especially against the city average of 6,570 sqft.
Who it suits: Buyers who want a relatively new home in a modest older neighbourhood, without paying a premium for a large lot. It’s a good fit for someone who values modern construction and interior space over yard size, and who isn’t comparing against newer subdivisions where both house and lot tend to be larger. The ranking data suggests you’re getting above-average living space for Winnipeg overall, but on a street where neighbouring homes are bigger and pricier—so the perceived value will depend on whether you look across the city or just next door.
Frequently Asked Questions
1. Why does the home rank poorly on its own street but well city-wide?
Orion Crescent has homes that are generally larger and more expensive than the Winnipeg average. Being near the bottom of that street still puts the home ahead of 70% of properties city-wide. The street comparison tells you about the immediate context; the city ranking tells you about overall market position.
2. Is the smaller lot a concern for resale?
It depends on the buyer pool. In West Kildonan Industrial, the lot size is close to the neighbourhood average. City-wide, smaller lots are common in older, more central areas. The bigger risk might be on Orion Crescent itself, where lots tend to be larger—so a future buyer comparing directly within the street might see it as undersized.
3. How does the 2021 build year affect property taxes?
Newer construction typically means a higher assessment relative to older homes of similar size, because the structure’s value is based on replacement cost rather than depreciation. That’s likely reflected in the $448,000 assessed value, which is above the city median. The tax bill will be proportional to that assessment, so it may be higher than for a comparable older home.
4. Does “assessed value” equal market value?
Not exactly. Assessments are based on a formula using sales data and property characteristics, but they lag behind the market. In a rising market, the assessed value is often below what a home would sell for. In a flat or declining market, it could be above. The data here is a starting point, not a price tag.
5. What does “接近平均” (close to average) actually mean for this home?
It means the property is within a narrow band around the neighbourhood median—neither a standout nor an outlier. For living area and assessed value in West Kildonan Industrial, it’s essentially in the middle of the pack. That can be a positive: the home is unlikely to be overpriced relative to its immediate area, and there’s a baseline of comparable properties nearby.