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Key Characteristics & Ideal Buyer

This property at 118 Orion Crescent is a 2020-built home with 1,501 sq. ft. of living space on a 4,459 sq. ft. lot. Its strongest feature is how new it is. Built in 2020, it ranks in the top 3% city-wide for construction year, meaning you’re getting a home that is essentially brand new in a market where the average property dates back to the mid-1960s. The assessed value is $481,000, which sits above both the neighbourhood and city averages.

The appeal here is a trade-off between size and modernity. On its street, the home is smaller than average (ranking 103rd out of 107 homes on Orion Crescent). Neighbours tend to have larger floor plans. However, the home is still slightly larger than the average home city-wide. This means you aren’t getting the biggest house on the block, but you are getting a very new one at a price that is reasonable compared to the wider city market.

This property suits a buyer who prioritizes a low-maintenance, modern build over maximum square footage. It’s a good fit for someone who wants a turnkey home without the compromises of an older renovation, and who is willing to accept a slightly smaller interior than the street’s average in exchange for a newer structure and systems. It may be less ideal for buyers seeking a spacious family home that stands out in its immediate neighbourhood.

Frequently Asked Questions

1. Is this home considered small or large for its area?
It depends on the scale. On Orion Crescent itself, it is significantly smaller than the average (1,812 sq. ft.), ranking in the bottom percentile of the street. However, in the wider West Kildonan Industrial neighbourhood, it is close to average. Compared to all homes in Winnipeg, it is above average.

2. How does the lot size compare to typical Winnipeg properties?
The lot is 4,459 sq. ft., which is close to average for the neighbourhood but sits below the city-wide average of 6,570 sq. ft. It does not offer an oversized yard, but it is a standard, functional city lot for a newer home.

3. Why is the assessed value higher than the neighbourhood average?
The assessed value of $481,000 is driven primarily by the home’s very recent construction date. Because it is newer than many homes in the area (which average 2021 at the neighbourhood level but 1966 city-wide), the assessment reflects modern construction costs and materials, resulting in a higher valuation than older, even if larger, homes nearby.

4. How does this home compare to others built in the same year?
Since 2020 is very recent, the home is ahead of nearly all older housing stock city-wide. However, on its own street (which also has newer builds averaging 2021), it ranks slightly older (91st out of 107). This suggests it was among the earlier homes constructed in a newer subdivision, but it is still effectively a modern home.

5. Who is this home not a good fit for?
This property is likely not the best choice for buyers looking for a “best value” within the immediate street, as the price-to-size ratio is less favourable compared to older, larger homes in the same row. It also may not suit buyers who want a large private lot or who prioritize having the most living space possible for their budget, as the land size and interior sq. ft. fall short of the street average.