173 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 2,014 sqft home built in 2022 on a 6,775 sqft lot, located in the West Kildonan Industrial neighbourhood of Winnipeg. What stands out most is how the property performs relative to its surroundings. The living area is in the top 11% citywide, and the assessed value sits in the top 9%—strong indicators of above-average finishes, size, or location within its class. But the real standout is the build year: ranked #2 on the street (top 2%) and top 1% citywide, meaning this is one of the newest homes in its area by a wide margin. The lot is also generous—top 7% within the neighbourhood, despite being slightly smaller than the citywide average for comparable homes.
The appeal here is less about flashy features and more about relative positioning. A buyer gets a very new home that already sits above most of its peers in size and value, on a lot that gives more outdoor space than the immediate neighbours. That combination tends to hold value well over time, especially as older stock around it ages. It suits buyers who want a move-in-ready home without compromising on square footage or yard size, and who are comfortable with a neighbourhood that's more industrial-adjacent—not a quiet leafy enclave, but one where the property's stats suggest it's a standout.
Frequently Asked Questions
1. How does the lot size compare to other homes in the area?
The lot is 6,775 sqft, which is about 36% larger than the neighbourhood average of 3,839 sqft. It ranks in the top 7% locally. However, it's only slightly above the citywide average for comparable homes (6,570 sqft), so the lot is generous for the immediate area but not unusually large by Winnipeg standards.
2. Is the assessed value of $583k a fair estimate?
The assessed value is above average on every level—street, neighbourhood, and citywide—ranking in the top 9% both locally and across Winnipeg. This suggests the assessment reflects the home's newer construction and above-average living area. Keep in mind that assessed value is not the same as market price, but it's a reliable benchmark for comparing this property to similar homes in the region.
3. What does “West Kildonan Industrial” mean for the neighbourhood feel?
The neighbourhood name includes "Industrial," which is accurate—there are industrial and commercial properties nearby. This isn't a purely residential suburb. The upside is that the home itself ranks very high within that context. Buyers should expect a mix of uses in the vicinity, but also above-average home stats relative to that environment. It's a practical location, not a scenic one.
4. Why is the build year (2022) considered such a strong selling point?
In a city where the average comparable home was built in 1966, a 2022 build places this property in the top 1% citywide. That means modern construction standards, likely better insulation, updated electrical and plumbing, and less immediate maintenance risk. It also means the home is younger than 98% of the homes on its own street. This relative newness is a significant advantage for resale value and peace of mind.
5. How does this property rank against others in its price range?
The home ranks in the top 9% citywide for assessed value, but it's important to consider what that value buys. You're getting above-average living space and a very new build—two factors that typically correlate with fewer repairs and better long-term appreciation. Within its assessed value tier, this home offers newer construction than most competitors, though the neighbourhood context may be different from more traditional residential areas.