33 Orion Crescent – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 2021-built home with 1,874 square feet of living space on a 4,361-square-foot lot. Its assessed value is $545,000. Compared to other homes in Winnipeg, the property ranks in the top 14% for living area and the top 13% for assessed value. The year built places it in the top 2% citywide—most comparable homes in the city date to 1966. The lot size is around average for the street and neighbourhood, but smaller than the typical citywide lot.
The appeal lies in its newness and size relative to price. A buyer gets a home built only a few years ago, with above-average square footage, at an assessed value that still sits below some older, smaller homes in pricier parts of the city. The street itself is average for both living area and value, meaning this property stands out more when compared to the broader city than it does against immediate neighbours. It suits someone who wants a newer home without paying a premium for a trendy neighbourhood—someone who values modern construction and interior space over lot size or a prime location. It would also work well for a buyer looking for a property that already ranks well in value relative to its area, which could suggest stable resale potential.
Section 2: Five Possible FAQs
1. Is the lot size a concern for this property?
The lot is 4,361 square feet, which is typical for the street and slightly above the neighbourhood average of 3,839 square feet. However, it is well below the citywide average of 6,570 square feet. If you're looking for a large yard or space for additions, this may feel limited. If you prefer lower outdoor maintenance, it should be fine.
2. How does this home compare to others on Orion Crescent?
It ranks around the middle of the street for lot size (top 46%) and assessed value (top 33%), but it is in the top 18% for year built and top 34% for living area. So it's one of the newer and slightly larger homes on the block, but not an outlier in terms of price or land.
3. What does “top 2% citywide for year built” actually mean?
Out of nearly 200,000 comparable properties in Winnipeg, this home is newer than 98% of them. Most homes in the city were built around 1966, so finding a 2021 build at this price point is uncommon. It means you're getting a modern floor plan, up-to-date systems, and likely better energy efficiency than the vast majority of older homes.
4. Does the assessed value of $545k reflect the market price?
Assessed value is a government estimate, not a market appraisal. It gives a useful benchmark: this home is valued 13% higher than the citywide average for comparable homes, but it’s also worth noting the neighbourhood average is $442,900. That gap suggests the home is priced above its immediate area, but given its newness and size, that may be justified. A local realtor or recent sale data would give a clearer picture.
5. Is this property a good investment?
From a purely comparative standpoint, it ranks well—top 13% citywide for value and top 14% for size—without being at the top of the market. The lot is average, so future appreciation may rely more on the condition of the house and the neighbourhood's development. Since the home is new, deferred maintenance is minimal for now. It's not a speculative play, but a solid, modern family home in a less flashy part of town.