86 Orion Crescent – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 2021-built home with 1,587 square feet of living space on a 3,891-square-foot lot. Its assessed value is $485,000. The home ranks well for its age—it’s newer than 98% of comparable homes citywide—and the living area is slightly above the Winnipeg average. The lot size is on the smaller side, especially compared to other properties on Orion Crescent, where lots tend to be larger. The assessed value sits near the middle of the street but is above average for the neighbourhood and city.

The appeal here is a relatively new, move-in-ready home in a neighbourhood (West Kildonan Industrial) where the average assessment is lower. You’re getting a newer build with a solid amount of indoor space, without paying a premium for a large yard. It’s a practical fit for someone who prioritizes a modern floor plan and low-maintenance outdoor space over land size. First-time buyers, downsizers, or anyone looking to avoid older-home upkeep would find this suitable. It’s less ideal for someone wanting a big garden, a workshop, or space for vehicles or trailers.

Five Possible FAQs

1. How does this home compare to others on Orion Crescent?
On the street itself, this property is one of the newer homes but has a below-average lot size and slightly less living space than the street average of 1,812 square feet. The assessed value is also below the street average of $522,200, which suggests it may be priced more affordably relative to its immediate neighbours.

2. Is the assessed value of $485,000 a fair estimate?
The assessment is above the neighbourhood average ($442,900) and the citywide average ($390,100), which reflects the home’s newer construction. It’s below the street average, likely due to the smaller lot and slightly smaller living area. It seems reasonable for what the home offers, but a full market appraisal would give a clearer picture.

3. What’s the neighbourhood like in terms of home ages?
The neighbourhood has a mix of eras, but this home is newer than 71% of properties in the area. Many surrounding homes were built around 2021 as well, so you’re not an outlier. Compared to the city as a whole, this home is extremely new—only 2% of Winnipeg homes are newer.

4. Why is the lot size ranked so low if it’s average for the neighbourhood?
On Orion Crescent, lots tend to be larger—the street average is nearly 5,000 square feet. But within the broader West Kildonan Industrial neighbourhood, this lot size is about average. The citywide average is much larger (6,570 square feet), so it’s considered below average overall. The ranking reflects the comparison group you’re looking at.

5. Would this property work well as an investment?
It depends on your goal. Newer homes tend to require less immediate maintenance, which can be appealing for rental properties or resale. The below-average lot size may limit appreciation potential compared to homes with more land, but the strong age and living area rankings could help hold value. Its position in a neighbourhood with a lower average assessment suggests some room for value growth over time, but that’s never guaranteed.