Property Overview: 106 Maligne Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, presents a practical opportunity in the Fraipont neighbourhood. Its key appeal lies in its modern age, placing it among the newest homes citywide, which suggests contemporary building standards and minimal immediate repair concerns. With 1,389 sqft of living space, it offers a functional layout that is competitively sized for its immediate street and area.
The property’s assessed value is notably below average for both Maligne Way and Fraipont, which could indicate a value proposition for a buyer, especially when paired with the home's recent build year. The lot size is compact compared to city norms, which translates to lower maintenance but less private outdoor space. The home has a basement (unrenovated) and no garage or pool, positioning it as a straightforward, no-frills property.
This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without paying a premium for extensive upgrades or large land. It’s also a sensible fit for investors or buyers focused on fiscal efficiency, as the below-average assessment for a newer build could represent a strategic entry point into a neighbourhood of similar-aged homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the assessed value is below the average for the street and area, it is close to the citywide average for comparable homes. This can sometimes reflect the specific valuation of the lot, the home’s finishings, or the unrenovated basement. It’s a key point to discuss with a real estate professional for context.
2. What are the implications of having a smaller lot?
The 3,248 sqft lot is manageable and requires less yard work, which is a plus for those seeking low upkeep. The trade-off is limited space for expansions, large gardens, or extensive outdoor recreation.
3. The home sold in 2020. What does that price history suggest?
The initial sale price range from 2020 provides a baseline. Comparing it to the current assessed value and similar recent sales in Fraipont can help gauge the area’s market movement over the past few years.
4. How does the unrenovated basement affect the home's value?
The basement offers potential for future living space, storage, or utility, but as it is unrenovated, its current contribution to the home’s value and livable square footage is limited. Any future finishing would be an investment on top of the purchase price.
5. With no garage, what are the parking options?
Prospective buyers should verify the specific driveway and street parking regulations for the property. The lack of a garage is a practical consideration for vehicle storage, security, and additional storage needs.