Property Overview: 115 Maligne Way, Fraipont, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, is a modern property in the Fraipont neighbourhood. Its key appeal lies in its combination of above-average size, recent construction, and strong market positioning. With 1,852 sqft of living space, it ranks in the top 4% of homes on its own street and the top 15% city-wide, offering more room than most comparable properties. It features a renovated basement and an attached garage.
The home’s assessed value places it in the elite tier of its immediate area (top 2% on Maligne Way), indicating it is perceived as a premium property within its local market. This suggests not just a well-maintained home, but likely one with finishes or features that set it apart. The lot size is generous for the street but more modest by broader city standards, appealing to those who prefer a newer neighbourhood layout with less exterior maintenance.
This property would best suit buyers looking for a move-in ready, modern home in a developing area, who value space and contemporary builds over established, large lots. It’s ideal for professionals or growing families seeking a home that stands out in its immediate community for its size, newness, and perceived value, without the upkeep demands of an older property.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2024 for an estimated $63.5k–$66.5k, which is notably higher than its current $55.20k assessed value. This difference is common and suggests the market recently valued the home above its official assessment, which can be based on older data.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a rental suite, or has specific upgrades.
3. Is the property in a new development area?
Given its 2021 build date and the number of nearby homes with similar recent construction years (like the referenced properties on Twintree Way and Crestmont Drive), Fraipont appears to be a newer or recently developed neighbourhood.
4. How does the lot size impact potential for expansion or outdoor space?
At 3,883 sqft, the lot is above average for the street but below the city-wide average. This means outdoor space is reasonable for the area but may limit future large-scale additions like a massive deck or extension compared to older neighbourhoods with larger lots.
5. Why are the "comparable home" averages for assessed value so different?
The data shows three different comparison groups. The average assessed value for similar homes on Maligne Way is $46.30k, in Fraipont it's $50.20k, but city-wide it's listed as $390k. This last figure appears to be a significant data discrepancy or typo in the source material, as it is inconsistent with the other local figures and the home’s sale history. Relying on the street and neighbourhood comparisons would be more accurate.