142 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This property is a 2021-built home with 1,579 sq ft of living space on a 4,198 sq ft lot. Its assessed value is $453,000.
The home’s strongest advantage is its age. Built in 2021, it ranks in the top 2% city-wide for newer construction—meaning most homes in Winnipeg are significantly older. This likely means fewer immediate maintenance concerns and more modern finishes, which appeals to buyers who want something move-in ready without the premium of a brand-new build in a development.
Living space is slightly below the street average (Orion Crescent) but above the city average, so it’s not a cramped house, but it’s not oversized for its street either. The lot is close to the neighbourhood average but below the city average—typical for an infill-style lot in an established area.
The assessed value is below the street average but close to the neighbourhood average and above the city average. This suggests the street itself has some higher-value homes, while this property is more in line with the broader local market.
Who it suits: Buyers who want a newer, low-hassle home in a settled neighbourhood without paying for a top-of-the-street location. It may particularly suit someone who values modern construction over lot size or square footage, and who is comfortable with a home that’s solidly average for its area rather than a standout. It’s less suited to someone looking for a large yard or a home that leads its street in value.
Frequently Asked Questions
1. How does this home compare to others on Orion Crescent?
It’s newer than most (top 18% on the street), but smaller in living area (bottom 21%) and lower in assessed value (bottom 8%). So it’s a newer home on a street with larger, more valuable houses. You’re getting modern construction in an established setting.
2. Is the assessed value of $453,000 a reliable indicator of market price?
Assessed value is used for property tax purposes and is based on a valuation date, not the current market. It gives a general sense of where the home sits relative to others, but actual market price depends on condition, upgrades, recent sales, and buyer demand.
3. The lot is 4,198 sq ft—is that small for this area?
It’s close to the neighbourhood average (3,839 sq ft) and on par with many infill lots. But it’s smaller than the street average (4,976 sq ft) and well below the city average (6,570 sq ft). If you want a large yard, this isn’t it. If you want a manageable lot with less upkeep, it’s fine.
4. How does the home’s age affect its appeal?
Being built in 2021 puts it in the top 2% city-wide for newer construction. That typically means better energy efficiency, modern building code compliance, and less immediate need for major repairs. For buyers tired of older homes with deferred maintenance, this is a strong selling point.
5. Is this home a good value compared to others in West Kildonan Industrial?
The assessed value is close to the neighbourhood average, and the living area is also near average. The home doesn’t stand out as a bargain or an overpay based on these metrics—it’s a solid, middle-of-the-pack option in its community. The main differentiator is its recency of construction, not its size or lot.