25 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This 2,082 sq ft home on Orion Crescent stands out primarily for its size and modern construction. Built in 2021, it ranks in the top 2% city-wide for year built, meaning it is significantly newer than most Winnipeg homes (the citywide average year built is 1966). The living area is also well above average—top 9% citywide and top 8% in the West Kildonan Industrial neighbourhood, where the average comparable home is roughly 1,590 sq ft.
The assessed value of $564,000 reflects this combination of size and newness. It ranks top 11% citywide and top 10% within the neighbourhood. The lot itself is 4,360 sq ft—fairly typical for the street (top 59%) and slightly larger than the neighbourhood average of 3,839 sq ft, though smaller than the citywide average of 6,570 sq ft.
Appeal: This property offers a rare balance: a newer, spacious home without a sprawling lot to maintain. It suits buyers who want modern finishes and efficient floor plans but prefer a manageable yard. The neighbourhood rankings suggest the home is priced competitively relative to its size and age—it doesn't feel like a premium has been added purely for being "new."
Ideal buyer: Someone looking for a turnkey home in an established area—likely a family or couple moving up from a smaller or older property. It also appeals to buyers who want to avoid older-home maintenance (roof, windows, mechanicals) while staying within a modest lot size. Investors or flippers may find the value-add potential limited, as the home is already near the top of its peer group.
Five Possible FAQs
1. How does this home compare to others on Orion Crescent specifically?
It ranks 20th out of 107 homes for living area (top 19%) and 19th for newness (top 18%). Assessed value is 32nd out of 107 (top 30%). So it's among the larger and newer homes on the street, though not the absolute top—it fits in well rather than standing out starkly.
2. Is the assessed value a reliable estimate of market price?
The assessment data here is comparative within the same street and neighbourhood, not a current appraisal. It suggests the home is valued above average for its area, but market price will depend on condition, upgrades, and recent sales. The $564k figure is a benchmark, not a listing price.
3. What does “Top 2% city-wide for year built” actually mean in practical terms?
It means only about 4,000 of the 194,000 comparable homes in Winnipeg are newer than this one. Most homes nearby are from the 1960s–1980s. This translates to lower immediate repair costs, better energy efficiency (likely), and more modern layouts. However, new homes can sometimes have smaller lots—which holds true here.
4. How usable is a 4,360 sq ft lot for a family with kids or a garden?
It's average for the street but below the citywide typical lot size. It's enough for a backyard playset, small garden, or patio, but not for extensive landscaping or a large workshop. Buyers coming from a 6,000+ sq ft lot may find it snug. For those downsizing from a larger yard, it's often a relief.
5. Is this a good investment property or better suited as a primary residence?
Given its new construction and above-average size, it likely commands higher rent, but the purchase price and assessment are also elevated. Rental yields might be moderate. It's better suited as a primary residence for someone who values modern, low-maintenance living in a well-ranked location. Flipping potential is low, as the home is already current.