158 Orion Crescent – Property Summary
Key Characteristics and Buyer Profile
This is a 2021-built home with 1,587 sq ft of living space, sitting on a 4,198 sq ft lot. Compared to other properties on Orion Crescent, the house is slightly smaller and assessed at a lower value than the street average. However, within the broader West Kildonan Industrial community, it falls close to the median in both size and assessed value. City-wide, the home performs above average in living area and assessed value—ranking in the top 26% in both categories. Its strongest standout is the build year: among nearly 200,000 properties across Winnipeg, this house ranks in the top 2% for newness, with a construction date of 2021 versus a city-wide average of 1966.
What makes this property appealing is not flashy extremes, but a practical balance. The home is newer than almost anything else in the city, yet it avoids the premium of being oversized or overpriced relative to its street. The lot is modest by city standards—below average city-wide, but fairly typical for its immediate community. This suggests a well-maintained, modern home in an established neighbourhood, without the trade-offs that often come with either a very old house or a very large lot.
This property would suit buyers who want a relatively new, move-in-ready home without paying a premium for the largest house on the block. It may appeal especially to those prioritizing energy efficiency, lower maintenance, and modern construction standards, while still being within a neighbourhood with older, more established character. It’s less suited for buyers seeking a large yard, high street-side prestige, or an investment property with below-market assessed value.
Frequently Asked Questions
1. How does this home compare to others on the same street?
On Orion Crescent, roughly one in five homes is newer than this one, so it is among the newer builds—but its living area is smaller than about three-quarters of the street’s homes, and its assessed value is lower than about 80% of them. In short, it’s on the newer, smaller, and lower-assessed end of the street.
2. Is the assessed value of $461,000 realistic for a 2021 home?
The assessed value is slightly below the street average but above the community and city averages. Because assessment is based on market conditions at a fixed point, and this home is newer than most, the assessed value often trails actual market value in a rising market. It may be undervalued relative to what similar new builds would sell for today.
3. Why is the lot size listed as “below average” city-wide but “average” in the community?
The community (West Kildonan Industrial) has smaller average lot sizes than the city as a whole (3,839 sq ft vs. 6,570 sq ft). So a 4,198 sq ft lot is typical for the neighbourhood but small by broader Winnipeg standards. This is common in older, more established areas where lots were originally subdivided more tightly.
4. What does “top 2% city-wide for build year” actually mean in practical terms?
Only about 4,100 out of nearly 195,000 homes in Winnipeg are newer than this one. In practical terms, it means the home has modern insulation, windows, wiring, and likely fewer deferred maintenance issues than the vast majority of city housing stock. It also means the floor plan and finishes are from the 2020s, not the 1960s or earlier.
5. Would this property be good for someone who wants to renovate or expand?
The lot is not especially large, and the home is already new, so major renovations are unlikely to be necessary. Expansion (e.g., adding square footage) may be possible but would be constrained by the lot’s modest size and the fact that newer homes often have tighter zoning and setback rules. This property is more suited for those who want to move in and live without immediate projects.