181 Orion Crescent – Property Summary

Key Characteristics & Buyer Suitability

This is a relatively new home, built in 2021, with 1,596 square feet of living space on a 5,204-square-foot lot. Its strongest statistic is its construction year, which ranks in the top 2% citywide—most homes in Winnipeg were built much earlier, so this property offers a contemporary build without the compromises often found in older stock. The lot is notably larger than the neighborhood average, which is a practical advantage for outdoor space or future additions.

The property’s appeal is balanced rather than flashy. The living area is above average for the city but slightly below average for its own street, meaning you get a home that feels spacious relative to most of Winnipeg, but it's not oversized compared to immediate neighbors. The assessed value is below the street average but above the neighborhood and city averages—suggesting it may be a more affordable entry point onto a higher-value street, or that it has not yet appreciated to match its neighbors. This property would suit a buyer looking for a newer home without the premium price tag of a brand-new build, someone who values a larger lot in a relatively modern suburb, or an investor seeking a property with room for value growth as the street’s averages rise.

Five Possible FAQs

1. Is this home in a newer development or an established neighborhood?
The home was built in 2021, which places it among the newest in the area. However, the street (Orion Crescent) has a mix of older and newer homes, as the street average for year built is also 2021. The neighborhood (West Kildonan Industrial) is more established, with an average build year of 2021 as well, meaning this property is part of a recent wave of construction in an otherwise older part of the city.

2. How does the lot size compare to similar properties nearby?
The lot is 5,204 square feet, which is larger than the average for both the street (4,976 sqft) and the neighborhood (3,839 sqft). It ranks in the top 26% on the street and top 12% in the neighborhood. Citywide, it sits at the median, so while it’s generous for the immediate area, it’s not unusually large compared to all of Winnipeg.

3. What does the assessed value say about potential resale or property taxes?
The assessed value is $467,000, which is below the street average ($522,200) but above the neighborhood average ($442,900). This means the home is likely more affordable than others on Orion Crescent, but its value is above typical homes in West Kildonan Industrial. Citywide, it ranks in the top 25%, so it’s a higher-value property overall. Property taxes will be based on this assessment, so it’s worth checking the current mill rate for an exact figure.

4. Why is the living area considered “below average” on the street but “above average” citywide?
This is a case of local variation. On Orion Crescent, the average living area is 1,812 square feet, so this home’s 1,596 square feet is about 12% smaller. But across all comparable homes in Winnipeg, the average is 1,342 square feet, so this property is roughly 19% larger than the city norm. It’s a reminder that “above average” depends heavily on the context—here, the street happens to have larger homes than most of the city.

5. How does this property compare to others in the same price range citywide?
Citywide, the average assessed value for comparable homes is $390,100, so this property is above that average. However, it’s below the average on its own street, which suggests you may be paying less than neighbors for similar square footage. The home’s newer construction and larger lot likely justify the citywide premium, but it’s not overpriced relative to its immediate competition.