Property Overview: 14 Maligne Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2020, offering a move-in-ready opportunity with minimal upkeep in its early years. Its key appeal lies in its balance of contemporary construction and a below-average assessed value relative to the wider Winnipeg market. With 1,381 sqft of living space and a detached garage, it suits first-time buyers or downsizers seeking a newer home without a premium city-wide price tag.
The home’s characteristics present a nuanced value proposition. While its living space is modest for the immediate neighbourhood and Fraipont area, it is actually around the average size for a Winnipeg home overall. The lot size follows a similar pattern: average for the street and area, but smaller than typical city lots. This positions the property as an efficient, lower-maintenance option within a newer community. Its strongest selling point is its age; being built in 2020 places it in the top 3% of homes city-wide by newness, suggesting modern building standards, energy efficiency, and no immediate need for major renovations.
This property would best suit pragmatic buyers who prioritize modern systems and condition over sheer square footage or a large yard. It’s ideal for those who want to avoid the renovation projects common with older Winnipeg homes and prefer the predictable maintenance of a near-new build, all while staying within a reasonable budget.
Section 2: Frequently Asked Questions
1. Is the assessed value an accurate reflection of the market price?
While the assessed value is a key municipal metric for calculating taxes, market price is determined by current buyer demand. The home recently sold in mid-2024, and its assessed value is notably below the Winnipeg city average, which may indicate a value opportunity in a newer build.
2. How does the living space compare to other homes?
At 1,381 sqft, the home is below the average size for both Maligne Way and the Fraipont area. However, it is very close to the average living area for the entire city of Winnipeg. This suggests a efficient, right-sized layout that may appeal to those not needing extra space.
3. What are the implications of the home being built in 2020?
A 2020 build date means the home is under 10 years old, placing it in the elite tier for age city-wide. Buyers can expect modern construction codes, likely better energy efficiency, and that major components like the roof, furnace, and appliances should have considerable life remaining, minimizing near-term capital costs.
4. What is the neighbourhood like?
Maligne Way appears to be a tight-knit, newer subdivision within Fraipont. The proximity of similar, recently built homes (as seen in the nearby property list) indicates a consistent, modern streetscape. The high density of new builds suggests a community that is still establishing its mature character.
5. Why is the city-wide assessed value ranking so much stronger than the local ranking?
This highlights a key perspective: this home is a newer, moderately sized property in a newer area. Compared to the vast number of older, sometimes larger homes across Winnipeg’s established neighbourhoods, its modern condition gives it a high relative standing. Locally, it’s compared directly to other similar newer homes, where its size is more average. This contrast underscores its appeal as a modern home in a broader market of older housing stock.