227 Orion Crescent

227 Orion Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 2021-built home with 2,214 square feet of living space on a 4,817-square-foot lot. It ranks in the top 11% for size on its street, top 6% citywide, and the home is newer than 98% of properties across Winnipeg. Its assessed value of $594,000 sits above both the street and neighbourhood averages.

The appeal here lies in two less obvious angles. First, the lot is slightly smaller than the street average but well above the neighbourhood average—meaning you get more indoor space than most nearby homes without an oversized yard to maintain. Second, the build year puts it among the newest 2% of homes in the entire city, which often translates to better energy efficiency, lower immediate maintenance costs, and more modern interior layouts than older stock.

This property suits buyers who want a newer, move-in-ready home in a neighbourhood where most homes are older and smaller. It works well for a family or couple who prioritises indoor square footage and low repairs over a large yard, and who are comfortable paying above the local median for a home that stands out in age and size.

Frequently Asked Questions

1. How does the property’s size compare to other homes in the area?
It’s significantly larger than average. The home is 2,214 sq ft, while the street average is 1,812 sq ft and the neighbourhood average is 1,591 sq ft. Citywide, it ranks in the top 6% for living area.

2. Is the lot small for the house?
The lot is 4,817 sq ft—close to the street average but about 25% larger than the neighbourhood average. It’s smaller than the typical Winnipeg lot (which averages 6,570 sq ft), but for a newer infill-style home in this area, it’s very much in line with expectations. You won’t have a huge backyard, but the yard is proportional to the house.

3. Why is the assessed value higher than other homes in the neighbourhood?
The assessment reflects both the larger living area and the new construction. The home is assessed at $594,000 versus a neighbourhood average of $443,000. Much of that difference comes from having more square footage and a newer build, not necessarily from a premium location or land value.

4. What condition is the property in given it was built in 2021?
It’s still nearly new. Major systems—roof, furnace, windows, plumbing, electrical—are all essentially original and have many years of life left. Typical maintenance for a home this age is minor, such as landscaping touch-ups or paint. No major renovations are needed in the short term.

5. Who is this home not ideal for?
Buyers who want a large, private yard or who are looking for a character home with older finishes and mature landscaping should look elsewhere. Also, those on a tighter budget may find the property’s tax assessment pushes carrying costs above the neighbourhood median.