74 Orion Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 2020-built home with 1,610 sqft of living space on a 3,902 sqft lot. The property sits in the West Kildonan Industrial area of Winnipeg. Its assessed value, used for property tax calculations, is $455,000.
The home’s main appeal lies in its newness relative to the city as a whole—it falls within the top 3% of Winnipeg homes by construction year—and its living space, which is above the city average. While the lot is smaller than typical for the city, the house itself is well above average in size for a newer build in this area. The assessed value is slightly above the community average but below the street average, which suggests the immediate neighbours on Orion Crescent are pricier homes on larger lots.
This property would suit a buyer who prioritizes a modern, move-in-ready home and isn’t looking for a large yard or extensive outdoor space. It’s a practical fit for someone who wants above-average indoor square footage without paying a premium for a big lot. The home is newer than most in the city, so major systems and finishes are likely still under warranty or in good condition. It’s less suited for buyers who value older character homes, mature landscaping, or a generous lot.
Frequently Asked Questions
1. How does this home compare to others on Orion Crescent?
On the street, this is one of the smaller and more affordable homes. It ranks in the bottom third for both lot size and assessed value, and the house itself is slightly below the street average for living area. However, it’s newer than most homes on the street, which are mostly 2021 builds but include some variation.
2. Is the lot size a concern for resale?
For buyers who prioritize indoor space over outdoor space, this won’t be an issue. But compared to the city as a whole, the lot is in the bottom quarter by size. In a market where land values are rising, a smaller lot can limit appreciation potential relative to larger-lot homes. It’s worth considering how long you plan to stay and whether yard space matters.
3. What does the “top 3%” build year mean in practical terms?
It means this is one of the newest homes in Winnipeg. Most homes in the city were built in the 1960s or earlier. Practically, this means you’re getting modern construction standards, better insulation, and likely fewer immediate maintenance issues. It also means the home is in a newer development, so the neighbourhood may still be evolving in terms of amenities and mature trees.
4. How does the assessed value compare to similar homes nearby?
At $455,000, the assessed value is slightly above the West Kildonan Industrial community average ($443,000) but well below the Orion Crescent average ($522,000). That gap suggests your immediate neighbours tend to be larger or more expensive homes, which could be a good thing for long-term property values but also means you’re on the lower end of the street’s price range.
5. What should I check about the home before buying?
Beyond the usual home inspection, pay attention to the neighbourhood’s development stage. Since the home is only a few years old, check whether sidewalks, street trees, and any planned amenities have been fully completed. Also confirm what warranty coverage remains on the major systems, as many new homes come with a 5- or 7-year builder warranty that may still be active.