77 Orion Crescent – Property Overview

Key Characteristics and Buyer Profile

This is a 2022-built single-family home with 1,831 square feet of living space on a 4,361-square-foot lot. The property’s strongest asset is its age: it ranks in the top 2% on its street and the top 1% city-wide for newer construction. That’s a rare position in Winnipeg, where the average home was built in 1966.

Living space is above average both within the neighbourhood (top 21%) and across the entire city (top 16%), though it sits almost exactly at the average for Orion Crescent itself. The assessed value roughly mirrors this — slightly above the street average, but well above neighbourhood and city medians. The lot is moderate: close to average within the immediate area but below the city-wide norm.

The appeal here is a newer home without the premium of a custom build or a high-end subdivision. It offers modern construction standards and good interior space in a location where much of the housing stock is older. That combination tends to attract buyers who want low initial maintenance and energy efficiency without paying for an executive neighbourhood. It would suit first-time buyers looking for something move-in ready, downsizers from older larger homes who still want space, and anyone who prioritizes build quality and recent code compliance over the character of an older home. It is less suited for buyers seeking maximum lot size or a street with consistently high-value comparables.

Five Possible FAQs

1. How does the property compare to other homes on Orion Crescent specifically?
It’s well above average for age (built 2022 versus an average of 2021), and its living area is right around the street average. Its assessed value is slightly below the street average, and the lot is a bit smaller than typical for the street. So it performs best on condition and newness rather than size or valuation within the immediate block.

2. Why is the land area ranking city-wide relatively low (top 69%)?
Winnipeg has a wide range of lot sizes, including many large suburban and rural properties. At 4,361 sqft, this lot is typical for an older infill or compact modern subdivision lot, but it’s smaller than the citywide average of 6,570 sqft. Within the neighbourhood, it’s close to average, so this is not unusual for the area.

3. Is the assessed value likely to increase significantly in the near term?
The property is already valued above the neighbourhood average ($502k vs $443k) and well above the city average ($390k). Significant further increases would depend on broader market trends or major renovations. Given it’s a recent build, it’s already priced for its condition, so steep appreciation is less likely than for undervalued older homes.

4. How does the property’s age affect insurance and maintenance costs?
A 2022 build means the home should have modern electrical, plumbing, HVAC, and insulation standards. This typically results in lower insurance premiums and fewer immediate repair costs compared to a home from the 1960s or older. However, it’s not new enough to be under the builder’s warranty (usually 1–7 years depending on the province), so buyers should confirm any remaining coverage.

5. What kind of neighbourhood is West Kildonan Industrial?
Despite the name, this area is primarily residential with a mix of older and newer homes. It’s not a high-density industrial zone. The “Industrial” designation refers to historical zoning, but the actual streets are mostly single-family housing. The neighbourhood offers reasonable access to amenities and is less expensive than some of Winnipeg’s newer outlying subdivisions, while still having homes under 10 years old.