Property Overview: 114 Maligne Way, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, offering a move-in-ready opportunity in the Fraipont neighbourhood. Its key appeal lies in its balance of contemporary living and practical value. With 1,468 sqft of living space and a renovated basement, the home provides comfortable room for a small family or professionals. A detached garage adds functional storage or workshop space.
The home’s standout characteristic is its age and condition relative to the broader Winnipeg market. Built in 2020, it ranks in the top 3% citywide for new construction, meaning it likely offers modern building standards, energy efficiency, and minimal immediate maintenance compared to the city’s average home built in 1966. While the lot size is more compact than average for the area, this often translates to less yard upkeep. The assessed value sits above the citywide average, suggesting a solid valuation foundation.
This property would suit first-time buyers or young families looking for a modern home without the wait and uncertainties of a new build. It’s also a practical fit for buyers who prefer a low-maintenance exterior and want to avoid the major renovation projects common with older inventory.
Frequently Asked Questions
1. How does this home’s value compare to the neighbourhood?
The home’s assessed value is very close to the average for both Maligne Way and the wider Fraipont area, indicating it is priced consistently within its immediate market.
2. What does the “renovated basement” include?
The listing notes a renovated basement, but specifics on finish quality, permits, or layout are not provided. This is a key detail to clarify with the seller or a viewing.
3. Is the lot size a concern?
The land area is smaller than many lots in Fraipont. This means less private outdoor space but also reduced landscaping chores. It’s a trade-off that depends on the buyer’s lifestyle.
4. Why is the citywide assessed value ranking so high?
The “above average” citywide ranking primarily reflects the home’s modern build year (2020) compared to Winnipeg’s predominantly older housing stock, not necessarily an unusually high price for a newer home.
5. What is the typical price trend for homes on this street?
Based on available data, a similar home on Maligne Way sold in 2021 in the $375k-$405k range. Market conditions have changed since then, so a current comparative market analysis is recommended.