Key Characteristics & Buyer Profile

This is a 2021-built home with 1,659 sq ft of living space, located on Orion Crescent in West Kildonan Industrial, Winnipeg. The property sits on a 3,901 sq ft lot and has an assessed value of $493,000.

Its strongest point is the construction year — the house ranks in the top 2% city-wide for newness, which is rare for Winnipeg (where the average home was built in 1966). Living space is above average for the neighbourhood and city, though slightly below the average for its own street. Lot size is on the smaller side compared to the street and city averages, but close to the neighbourhood norm.

The appeal here is straightforward: a modern home in a city where much of the housing stock is older. You get newer construction without the premium of a brand-new development, and the assessed value sits near the middle of the street range. It’s not flashy, but it’s solid.

This property would suit buyers who prioritize a newer build and don’t need a large yard. It’s a good fit for professionals, small families, or downsizers who want something efficient and low-maintenance. It’s less ideal for someone who values land size or wants to maximize square footage relative to price.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The assessed value of $493,000 is close to the street average of $522,000 and above the neighbourhood average of $443,000. City-wide, it’s above the median of $390,000. So it’s priced in line with newer homes in a neighbourhood where values tend to be higher than the city norm.

2. Is the lot size a drawback?
It depends on your needs. The lot is 3,901 sq ft — smaller than the street average (4,976 sq ft) and the city average (6,570 sq ft), but in line with the neighbourhood (3,839 sq ft). If you want a large private yard or room for expansions, this might not suit you. If you prefer less outdoor maintenance, it’s fine.

3. Why does the ranking for “newness” matter so much here?
In Winnipeg, the vast majority of homes were built before 1970. A 2021 build means modern insulation, wiring, plumbing, and likely better energy efficiency. It also often means lower maintenance costs in the short to medium term. The top 2% city-wide ranking isn’t just a number — it reflects a very limited supply of this kind of property.

4. How does the living space compare to what else is available nearby?
At 1,659 sq ft, it’s a little below the street average (1,812 sq ft) but above the neighbourhood average (1,591 sq ft) and the city average (1,342 sq ft). So it’s not large for its street, but it’s a comfortable size relative to the broader area. It’s a middle-ground option — not cramped, but not sprawling.

5. What does “near average” mean in the street-level rankings for this property?
It means the home is close to the median for its street in both size and assessed value. For living area, it ranks 60th out of 107 homes on Orion Crescent. For value, it ranks 57th. So it’s right in the middle — not a standout, but not an outlier. That can be a positive for resale, as it won’t feel overpriced or undersized for its immediate neighbours.