Property Overview: 110 Maligne Way, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Fraipont is a modern, low-maintenance property built in 2020. Its key characteristics include 1,389 sqft of living space, a renovated basement, and a detached garage. The data reveals a nuanced picture: while the lot size is below average for the area, the home itself is newer than 97% of properties city-wide, placing it in an elite category for age. Its assessed value ranks above average compared to the whole city, suggesting strong underlying value, yet it remains in line with its immediate neighbourhood. The appeal lies in acquiring a near-new build without the premium often attached to brand-new construction, and the recent renovation of the basement adds immediate, move-in-ready living space. Recent sold price history indicates steady market appreciation since its first sale in 2020.
This property would suit first-time buyers or downsizers seeking a modern, efficient home in a developed neighbourhood. It’s also a pragmatic choice for value-focused buyers who want newer infrastructure and appliances but are content with a standard-sized yard. The numbers suggest it’s a solid, middle-of-the-road option within Fraipont itself, but a standout property when viewed on the broader city stage due to its age.
Frequently Asked Questions
1. How does the lot size compare to neighbouring homes?
The land area of 3,248 sqft is below the average for both Maligne Way and the wider Fraipont neighbourhood. This typically means a smaller yard, which can mean less outdoor maintenance.
2. What does the "elite" ranking for year built mean for a buyer?
Being newer than 97% of homes in Winnipeg is a significant advantage. It suggests newer major systems (like plumbing, electrical, and HVAC), modern building materials, and potentially lower immediate repair costs, which is a considerable long-term value.
3. The assessed value seems low; is that accurate?
Note that the assessed value figures shown (e.g., 46.20k) are not market prices but municipal assessments for tax purposes. The actual sold price history shows the home transacting between $525,000 and $555,000 in late 2024, which is the relevant market data.
4. Has the property value increased since it was built?
Yes. Public price history indicates the home sold for approximately $325,000 - $355,000 in 2020 and then for $525,000 - $555,000 in late 2024, demonstrating appreciable growth over four years.
5. How does this home fit within its immediate street and area?
On Maligne Way, its living space and assessed value are around average for the street, but it’s one of the newer homes (top 18%). In Fraipont, it’s a fairly typical property for the neighbourhood in terms of size, value, and age. Its standout feature is its newness when compared to the vast majority of Winnipeg’s older housing stock.