Property Overview: 98 Maligne Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern, low-maintenance property built in 2020. With 1,389 sqft of living space, it offers a practical layout for a smaller household. Its key appeal lies in its contemporary construction, meaning it likely benefits from current building codes, modern energy efficiency, and minimal immediate repair needs. The home sits on a compact, manageable lot (3,248 sqft), which reduces yard work—a plus for those seeking a newer home without extensive outdoor upkeep.
The property suits first-time buyers or downsizers looking for a turn-key, modern home in a newer community. Its assessed value of $400k is around the city-wide average, positioning it as a straightforward entry into a newer build. A thoughtful perspective is that while the lot is smaller than many in the city, this often translates to lower maintenance costs and more neighbourly proximity, which can be appealing for those seeking community feel. Notably, its year built ranks in the top 3% city-wide, a significant advantage for buyers wanting to avoid the hidden costs and surprises common with older homes.
Section 2: Frequently Asked Questions
1. What are the property taxes?
Based on the assessed value of $400,000, you can estimate taxes using Winnipeg’s current mill rate. For an accurate calculation, it's best to consult the City of Winnipeg’s tax calculator or speak with your real estate professional.
2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents a blank canvas for future expansion or storage, but any development would be an additional project and cost.
3. How does the value compare to nearby homes?
The home’s assessed value is below average for its immediate street and the Fraipont area, but aligns with the Winnipeg average. This suggests it may offer relative value within its own newer neighbourhood, where many comparable homes are assessed higher.
4. What is the parking situation?
The listing specifies there is no garage. Buyers should inquire about the driveway capacity and any municipal street parking regulations to understand their full parking options.
5. Why was the previous sold price so low in 2020?
The sold price range shown for November 2020 ($32.5k ~ $35.5k) is not representative of the market value. This typically indicates a transfer between family members, a title adjustment, or the sale of a bare land title before the home was built. The current assessed value of $400k reflects the market value of the completed property.