Key Characteristics and Appeal

This is a 2020-built home with 1,579 sq ft of living space on a 3,673 sq ft lot, located on Orion Crescent in Winnipeg’s West Kildonan Industrial area. Its main strengths are the construction year—among the newest 3% citywide—and the living space, which is above the Winnipeg average of 1,342 sq ft. The lot, however, is notably smaller than both the street and city averages. Property taxes are assessed at $443,000, close to the neighbourhood median and slightly above the city median of $390,000.

The appeal lies in getting a nearly new home without paying a premium for a large yard or a prime street. On its own street, the house is one of the older (built 2020 vs. an average of 2021) and lower-valued properties, but those comparisons are tight—the street is uniformly recent construction. For someone who values a modern build and doesn't need outdoor space for gardening or recreation, this could be a practical fit. It would suit first-time buyers looking for something move-in ready, downsizers who want newer finishes and less maintenance, or anyone prioritizing interior square footage and low upkeep over land size.

Frequently Asked Questions

1. How does this home compare to others in the neighbourhood?
It's broadly average for West Kildonan Industrial. Living area and assessed value sit near the middle of the pack, and the build year is also in line with the local median (2021). The lot is slightly smaller than the neighbourhood average of 3,839 sq ft, but not dramatically so.

2. Is the small lot a concern for resale?
It could be for buyers who want a traditional yard. But for a 2020-built home in a street of similar recent builds, many neighbours are in the same position. The lot size ranks low on Orion Crescent itself, so it's not an outlier in context. Buyers who value a newer home over outdoor space may not see it as a drawback.

3. Why is the assessed value lower than other homes on the same street?
The street average is $522,000, while this property is assessed at $443,000. That likely reflects the smaller lot and possibly slightly less interior space or different finishes. The home still sits near the neighbourhood median, meaning it's not undervalued locally—just modest compared to a few larger or more upgraded properties on the same crescent.

4. What's the condition of the home?
The listing data only covers size, age, and assessment, not condition. But a 2020 build is generally still under warranty (depending on the province) and should have modern systems, windows, and insulation. A home inspection or builder history would give more specific answers.

5. Is this a good investment property?
It depends on your goals. As a newer build, maintenance costs should be low for years, which helps cash flow. But the lot size limits future expansion or major value-add through renovations. The assessed value is close to the neighbourhood median, so it's not an obvious bargain or overpriced. In a city where the average home is from 1966, a well-kept 2020 home may hold appeal for tenants or future buyers who want something move-in ready.