Property Overview
This two-storey home at 58 Maligne Way in Winnipeg’s Fraipont neighbourhood presents a modern, low-maintenance living option. Built in 2020, its key appeal lies in its contemporary construction and recently renovated basement, offering move-in readiness without the immediate concerns of an older home. With 1,416 sqft of living space, it sits around the average for its immediate street and the city overall, providing a practical layout for a small family or couple. The detached garage adds functional storage or parking space.
Its value proposition is nuanced. While the lot size is compact compared to many city and neighbourhood homes, this translates to less yard upkeep—a potential benefit for buyers seeking a modern home without extensive outdoor maintenance. The home’s assessed value ranks significantly above the citywide average, suggesting it is situated in a desirable area, yet it remains competitively priced among similar newer builds in Fraipont. This property would suit first-time buyers or downsizers looking for a newer, turnkey home in a developed neighbourhood who prioritize interior space and modern systems over a large private yard.
Frequently Asked Questions
How does the lot size impact daily living?
While the land area is below average for the city, the property is typical for newer subdivisions. It means less time and cost spent on landscaping and yard work, but also limited space for expansive gardens, play structures, or extensive outdoor entertaining.
What does the "above average" citywide assessment ranking mean?
Ranking in the top 26% citywide for assessed value generally indicates the property is in a stable or appreciating area. It doesn't directly set the market price, but it often reflects favourable municipal valuation compared to much of Winnipeg's older housing stock.
Are there any known issues with homes built in 2020?
As a relatively new build, major structural issues are unlikely. The focus for a buyer should be on reviewing the builder's warranty status, understanding the quality of the basement renovation, and conducting a standard inspection to check for any minor settling or installation quirks common in the first few years.
How does the sold price history help determine value?
The listed sale from July 2024 provides a recent benchmark. Comparing this to the assessed value and the prices of similar nearby homes (like the referenced properties on Crestmont Drive) helps establish a realistic current market range, showing activity in this price bracket for newer Fraipont homes.
What is the neighbourhood character of this part of Fraipont?
The listing shows several nearby and similar properties built between 2019-2022, indicating this is a newer section of the neighbourhood. This often results in a consistent streetscape, similar-aged demographics, and potentially fewer large, mature trees compared to established areas.