174 Orion Crescent – Property Summary

Key Characteristics & Buyer Suitability

This is a 2021-built home with 1,646 square feet of living space on a 4,198-square-foot lot. Its main draw is how new it is relative to the rest of Winnipeg—built in 2021, it lands in the top 2% citywide for construction year, which is unusual for a more established neighbourhood like West Kildonan Industrial. The living area is slightly above the community average and comfortably above the city average, so you’re getting a modern floor plan without the cramped footprint that often comes with newer infill builds.

The assessed value sits at $457,000. On the street, that’s below the average of $522,000, which suggests this property may be priced more accessibly than some of its immediate neighbours. Within the community, the assessment is right around the norm, and citywide it’s above average—so the value feels balanced: not overreaching for the area, but not a bargain basement outlier either.

The lot is on the smaller side citywide, but fairly standard for the community. That’s worth noting if you’re coming from a suburban mindset where large yards are expected. Here, the trade-off is a newer house with less outdoor upkeep.

This property would suit buyers who prioritize a move-in-ready, recently built home in an established neighbourhood—first-time buyers wanting something modern without compromising on square footage, or downsizers who still want decent indoor space but less land to maintain. It’s less ideal for someone looking for a large yard or a fixer-upper with renovation potential.

Five Possible FAQs

1. How does this home compare to others on Orion Crescent?
It’s newer than most (top 18% on the street), but the living area is close to average, and the assessed value is below the street average. So you’re getting a recent build without paying the premium that some neighbours are carrying.

2. Is the lot size a concern?
It depends on what you’re comparing to. Citywide, the lot is smaller than average (top 71%), but within West Kildonan Industrial, it’s right around the norm. If you’re used to a big suburban yard, this will feel compact. If you’re coming from a denser neighbourhood, it’ll feel reasonable.

3. Why is the assessed value lower than the street average?
The street includes a mix of older and newer homes, and some properties on Orion Crescent likely have larger lots or higher-end finishes. This home’s assessment reflects its size and position in the market—not necessarily a sign of issues, just a different tier compared to neighbours.

4. How do property taxes tie into the assessed value?
Taxes are based on the assessed value. Since this home is assessed below the street average and close to the community average, you’d likely pay less in tax than some newer builds on the same street. It’s worth confirming the exact mill rate, but the assessment suggests a moderate tax bill.

5. Would this work as an investment property?
Possibly, if you’re targeting tenants who want a modern, low-maintenance home in an established area. The newer construction means fewer immediate repair costs, and the location within the community is average for value. Just note the smaller lot may appeal more to renters who prefer indoor space over outdoor space.