250 Orion Crescent

250 Orion Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 2021-built home with 1,646 sq ft of living space on a 3,673 sq ft lot. What stands out most is the construction year—it’s among the newest 2% of homes citywide, which is unusual for Winnipeg’s older housing stock. The living area is solidly above average for both the neighbourhood and the city, though the lot sits on the smaller side, especially compared to other homes on Orion Crescent.

Its appeal lies in being relatively new without the premium price tag of a brand-new build. The assessed value ($489,000) is close to the street average but noticeably above the neighbourhood and city averages, which reflects the home’s modern features and size rather than an overinflated price. For buyers, this means you get a newer home in an established area without paying top-of-market prices.

This property would suit buyers who prioritize a modern, low-maintenance home over a large yard. It’s a good fit for families or professionals who want something move-in ready, in a neighbourhood where most homes are older and likely require more upkeep. The land isn’t generous, so if outdoor space or gardening is a priority, this probably isn’t it. But if you value efficiency, newer construction, and not having to renovate, this checks those boxes.

Frequently Asked Questions

1. How does the living space compare to other homes nearby?
It’s slightly smaller than the average on Orion Crescent (1,812 sq ft) but bigger than most homes in the broader West Kildonan Industrial area (1,591 sq ft) and the city as a whole (1,342 sq ft). So you’re getting above-average interior space for the area, even if it’s not the biggest on the street.

2. Is the lot size a concern?
It depends on your expectations. At 3,673 sq ft, it’s on the smaller end for the street (most lots there are nearly 5,000 sq ft), but it’s close to the neighbourhood average. Citywide, it’s below average. If you want a big backyard for kids or a garden, this lot may feel tight. If you prefer less yard work, it’s a plus.

3. Why is the assessed value higher than the neighbourhood average?
The home was built in 2021, which is much newer than most homes in the area (the neighbourhood average build year is also 2021, but that’s because newer homes pull the average up). Newer construction typically comes with higher material costs, better energy efficiency, and fewer deferred maintenance issues, all of which factor into the assessment.

4. How does this home compare to other newer builds in Winnipeg?
It ranks in the top 2% citywide for construction year, so it’s newer than nearly all other homes in Winnipeg. That’s a significant advantage in a city where the average home was built in the mid-1960s. You’re essentially getting a home with modern standards without paying the full premium of a custom build.

5. Is the property a good value for its price point?
The assessed value is close to the street average, which suggests the home isn’t overpriced relative to its immediate neighbours. Given that it’s newer and larger than most homes in the neighbourhood and city, the value is reasonable—especially if you factor in lower expected maintenance costs over the next decade compared to an older home at a similar price.