226 Orion Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a newer home in Winnipeg’s West Kildonan Industrial area, built in 2021. Its standout feature is size: with 1,827 square feet of living space, it ranks in the top 16% citywide and is noticeably larger than the typical home in the area and across Winnipeg. The assessed value of $485,000 is above the city average but slightly below the average for homes on Orion Crescent itself, which suggests the street includes some higher-valued properties. The land lot is modest at 3,903 square feet—smaller than many on the same street—so outdoor space is compact relative to the interior.

The appeal here is clear: for someone wanting a relatively new, spacious house without the wait or unknowns of new construction, this offers a turnkey option. It suits buyers who prioritize interior square footage and modern construction over yard size or a low-maintenance outdoor property. Because it’s a newer build, it may also appeal to those looking for better energy efficiency or fewer immediate repairs, though nothing in the data confirms those directly. The location, while above average for living area and value within the city, is average for its neighborhood on both counts, meaning the home fits the local market without standing out dramatically.

Frequently Asked Questions

1. Is this a good investment compared to other homes on the street?
On Orion Crescent, the home ranks 63rd out of 107 for assessed value (top 59%), meaning it’s on the lower end for the street. Its living area, however, is above average street-wide. The property offers more interior space for a relatively lower assessed value, which could appeal to buyers seeking value per square foot, but resale may depend on whether the street’s average values rise.

2. How does the lot size affect usability?
At 3,903 square feet, the lot is below average for Orion Crescent and well below the citywide average. This likely means a smaller backyard or less room for additions like a garage or garden. Buyers wanting generous outdoor space should consider this a trade-off for the larger house footprint.

3. Why is the year built ranked “Elite” citywide (top 2%)?
Most Winnipeg homes were built decades earlier; the citywide average year built for comparable homes is 1966. A 2021 build is unusually recent. This can mean fewer major systems needing replacement soon, but it also means the home lacks the established landscaping or mature trees typical of older properties.

4. How does this home compare to others in West Kildonan Industrial?
At the neighborhood level, the home is above average for living area (top 22%) and around average for assessed value (top 31%) and lot size (top 46%). It’s not an outlier in the area, but it is spacious relative to the neighborhood norm. It fits the character of the community without being oversized or overvalued locally.

5. What are the potential downsides not shown in the rankings?
The data doesn’t cover condition, finishes, layout, or specific features like basement finishing, parking, or proximity to amenities. A newer home in a mixed industrial-residential area may also face different noise or traffic patterns. The smaller lot limits expansion options, and the street-level value rank suggests some neighboring homes may outpace it in appreciation. A site visit and neighborhood walk are advisable.