62 Orion Crescent – Property Summary

Key Characteristics & Buyer Profile

This 2020-built home offers 1,572 sq ft of living space on a 4,132 sq ft lot. Its assessed value is $502,000.

The property sits in a position that tells an interesting story across different scales. On its own street (Orion Crescent), the home is smaller than average—ranking in the bottom 12% for living area and bottom 27% for lot size among 107 homes. Yet within the broader West Kildonan Industrial community, it holds its ground: living area sits near the middle (40th percentile), and assessed value ranks above average (23rd percentile). Citywide, the picture flips again—this home's living area actually beats the Winnipeg average, landing in the top 27% of nearly 200,000 properties.

The real standout is construction quality. Built in 2020, this home ranks in the top 3% citywide for newness, compared to a Winnipeg average build year of 1966. That’s a meaningful advantage for anyone who wants modern construction without the delays or uncertainty of buying pre-build.

Appeal lies in the balance: you get a newer home in an older-stock city, at a value that is slightly above community average but not dramatically so. The lot is modest by Winnipeg standards but workable. It’s not a standout on paper within its immediate street, but the broader community and city comparisons show it punches above its weight.

Best suited for: Buyers who prioritize a recent build—energy efficiency, modern layouts, lower maintenance—over a large yard or prime street position. Families or professionals who want something turnkey in a mid-tier neighbourhood within a major city, without competing in a high-demand street where prices are inflated. Also suitable for someone who values data-driven purchasing and understands that “below average on the block” can still mean “well above average for the city.”

Frequently Asked Questions

1. How does this property compare to other homes on Orion Crescent specifically?

It ranks below average on the street for living area (94th out of 107), lot size (78th), and build year (91st—most homes on the street were built in 2021). Assessed value is close to the street average ($502K vs. $522K). So while it’s not the top home on the block, it’s also not overpriced relative to its neighbours.

2. What does “top 3% citywide for build year” actually mean in practical terms?

Winnipeg’s housing stock is older—the average home was built in 1966. A 2020 build puts you in the top 5,477 properties out of nearly 200,000. That typically means better insulation, modern electrical and plumbing, fewer immediate repair needs, and potentially lower insurance or utility costs.

3. Is the lot size a problem?

Not necessarily, but it depends on expectations. At 4,132 sq ft, it’s below the Orion Crescent average (4,976) and well below the Winnipeg average (6,570). Within the West Kildonan Industrial community, it’s actually close to average (3,839). If you want a large yard, this isn’t it. If you want a manageable outdoor space with less upkeep, it works fine.

4. Why is the assessed value higher than the community average but close to the street average?

The street (Orion Crescent) has a higher average assessed value ($522K) than the wider community ($443K). That suggests Orion Crescent may be a slightly more expensive pocket within the area. This home is priced in line with that street, but well above the broader community—so you’re paying for the street location, not just the house.

5. How does this property rank overall for value?

It’s not a bargain by street standards, but citywide, it’s above average in value (top 19% at $502K vs. $390K city average). For a 2020 build, that’s competitive. The most direct comparable would be other recently built homes in similar communities—where new construction often commands a premium. In that context, this property sits at a reasonable middle point: newer than most, but not priced like a luxury infill.