223 Orion Crescent – Property Overview
Key Characteristics & Buyer Profile
This is a 2021-built home with 2,056 square feet of living space on a 4,358-square-foot lot. What stands out most is the size: it ranks in the top 10% citywide for living area, and top 22% within its own street. The home is newer than nearly everything around it—only 2% of homes citywide are newer—which makes it a rare find in a market where the average home was built in 1966. The assessed value sits slightly above the city median, but notably, it's in line with other homes on Orion Crescent, suggesting the price reflects local conditions rather than an outlier.
The appeal here is straightforward: you get a modern, spacious home in a street where most houses are comparable in value, but this one offers more interior room and a much newer build. The lot is average for the area, so if land size is a priority, this won't stand out—but the house itself is the draw. This property would suit buyers who prioritize a turnkey, recently built home with generous square footage, and who are less concerned about having a large yard or a prime location within the city. It’s a good fit for families or professionals who want space without the maintenance of an older home, and who see value in a consistent, established street rather than a trendy neighbourhood.
Five Possible FAQs
1. How does the property tax compare to other homes in the area?
The assessed value is roughly $521,000, which is right around the average for Orion Crescent but significantly higher than the community and city averages. That means you're paying a bit more in tax than you would for a typical home in West Kildonan Industrial, but you're getting a larger, newer house in return.
2. Is the lot size a disadvantage?
Not necessarily. At 4,358 square feet, the lot is slightly smaller than the street average (4,976 sqft) but actually larger than the community average (3,839 sqft). It's a middle-of-the-road lot by city standards—fine for a typical family home, but not oversized for someone wanting extensive outdoor space.
3. Why does the build year matter so much here?
Most homes in Winnipeg were built in the mid-1960s. A 2021 build means you're getting modern construction standards, better insulation, newer systems, and likely lower immediate maintenance costs. This is a genuine advantage if you want to avoid the common headaches of an older home.
4. How does this home compare to others on Orion Crescent specifically?
It's one of the larger and newer homes on the street—top 22% for size and top 18% for age. But the assessed values are clustered around the same number, so the pricing on the street is fairly consistent. You're getting more house for roughly the same tax base as your neighbours.
5. Is this a good investment property?
Possibly, but with some caveats. The home is newer and spacious, which appeals to renters or future buyers, but the lot isn't large and the street isn't in a high-demand part of the city. It would likely hold value well due to the build quality, but don't expect rapid appreciation unless the neighbourhood changes significantly.