Property Overview: 42 Orion Crescent

Key Characteristics & Buyer Profile

This is a 2020-built home with 1,535 sq. ft. of living space on a 3,672 sq. ft. lot. The property’s real strength is age—it ranks in the top 3% citywide for newer construction, meaning most homes in Winnipeg were built decades earlier. That’s its main selling point. The living area is a bit below the street average but above the city average, which suggests the street itself has larger homes, but this one isn’t undersized for the broader market. The assessed value ($439,000) tells a similar story: below the street average ($522,200) but above the city average ($390,100). The lot is smaller than typical for Winnipeg overall, which is common for newer infill builds.

The appeal here is straightforward: you get a very recent build in a city where the median home was constructed in 1966. It’s not the biggest house on the block, and it’s not on a oversized lot, but it’s new, well-priced relative to newer homes nearby, and sits in a neighborhood that’s middle-of-the-road on most metrics. This would suit a buyer who prioritizes a move-in-ready, modern home without wanting to pay a premium for the largest lot or the most square footage. It’s a practical choice for someone who values efficient space and low maintenance over bragging rights on street rankings.

Frequently Asked Questions

1. How does this home compare to others on Orion Crescent?
On this street, this property is smaller than average in both living area and lot size, and it has a lower assessed value than most neighbors. It is also one of the slightly older homes on the street (built 2020 vs. a street average of 2021). So it’s not the standout on the block, but it’s within the same generation of construction.

2. Is the assessed value of $439,000 a good deal?
Relative to the street average ($522,200), it appears under market. But relative to the neighborhood ($442,900) and city ($390,100), it sits right around the middle. The value reflects the smaller size and lot—you’re paying less than neighbors for a comparable age of home, which makes sense.

3. How does the lot size affect usability?
At 3,672 sq. ft., the lot is below the citywide average (6,570 sq. ft.) and well below the street average (4,976 sq. ft.). This is typical for newer infill construction in established areas. It means less yard maintenance but also less outdoor space for gardens, play areas, or expansion.

4. What does the “top 3% citywide for year built” actually mean?
Only about 5,500 homes in Winnipeg were built more recently than this one, out of nearly 195,000. In practical terms, you’re buying a home that’s likely more energy-efficient, built to modern codes, and free of old-house issues like knob-and-tube wiring, lead pipes, or aging foundations. It’s a rare find in a city full of older stock.

5. How does the neighborhood, West Kildonan Industrial, shape the property’s value?
The neighborhood is fairly average across the board—around the 50th percentile for living area, assessed value, and year built. It’s not a high-demand, trendy area, but it’s stable and established. The property’s value is more tied to its newness than to the neighborhood itself. Buyers should be comfortable with a middle-ground location rather than expecting a premium-area return.