Property Summary: 109 Maligne Way, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in Winnipeg's Fraipont neighbourhood. Its key appeal lies in its balance of being a newer build with established community roots. With 1,496 sqft of living space and a renovated basement, the home provides practical, move-in-ready space for a growing household or those looking to avoid major immediate renovations.
The property’s assessed value is notably strong for its immediate street and city-wide, suggesting a well-regarded and maintained home. While the lot size is more compact compared to the Winnipeg average, it is typical for newer subdivisions and translates to less exterior maintenance. This home would particularly suit first-time buyers or young families seeking a contemporary property without the premium of a brand-new build, as well as practical buyers who value a modern foundation (like updated mechanicals and insulation) but prefer a neighbourhood that has begun to mature since its development.
A less obvious perspective is its positioning within the local market: it’s a newer home in a street and area where many homes are of a similar vintage. This means you benefit from modern standards, but without standing out as the only new house on an older block, which can sometimes affect resale. The recent sale in mid-2024 also provides a clear, current market benchmark for value.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
The lot is 3,874 sqft, which is below the city-wide average but typical for the Fraipont area and newer developments. It means a manageable yard for maintenance, but may limit expansion possibilities or privacy compared to larger, older lots.
2. What does the "above average" assessed value indicate?
The assessed value ranks in the top 20% on its street and top 22% city-wide. This generally reflects that the property is valued higher than many peers, often due to factors like its newness, condition, renovations, or desirability of its specific location.
3. The home sold recently in June 2024. What does that mean for a buyer now?
A very recent sale provides a transparent, up-to-date market price benchmark. It indicates an active market for this type of home and means the current listing (if applicable) can be compared directly to that recent transaction.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the seller or local municipality if a potential income suite is a requirement, as renovations do not automatically imply legal suite status.
5. How does the age of this home compare to the neighbourhood?
Built in 2021, it is among the newest homes on Maligne Way (top 4%) and in Winnipeg overall (top 2%). In the broader Fraipont area, it is still above average. This suggests you are buying one of the more modern homes available, with likely fewer near-term repair needs than the typical Winnipeg home built in the 1960s.