Property Overview: 74 Maligne Way, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, offering a move-in-ready opportunity in the Fraipont neighbourhood. With 1,389 sqft of living space, it sits comfortably around the city-wide average for size, making it a practical choice for small families, couples, or first-time buyers seeking a newer build without an overly large footprint. Its key appeal lies in its contemporary age, which means modern building standards, likely greater energy efficiency, and minimal immediate repair concerns compared to much of Winnipeg's older housing stock.
The home features a detached garage and an unrenovated basement, presenting a blank canvas for future expansion or customization. The lot, at 3,247 sqft, is compact relative to many city properties, which translates to less yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle. Notably, while its assessed value is below average for its immediate street and neighbourhood, it is around average city-wide, suggesting it may offer relative value within a newer, developing area. This property would best suit buyers prioritizing a modern, low-maintenance home in a quiet suburban setting, who are comfortable with a standard-sized interior and a smaller yard.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it may be. The home’s assessed value is below the average for both Maligne Way and the broader Fraipont neighbourhood, yet it’s a relatively new build (2020). This could indicate a potential value opportunity compared to other newer homes nearby.
2. What does the "unrenovated basement" mean?
It indicates the basement is finished as per the original 2020 construction but has not been updated or remodeled since. It’s likely functional and modern but offers the next owner a chance to personalize the space to their taste.
3. How does the lot size impact daily living?
The lot is smaller than most in Winnipeg. This is a advantage for those who want minimal yard work, but a consideration for those dreaming of extensive gardens, large outdoor entertaining spaces, or future additions like a shed or pool.
4. Who are the typical neighbours?
Given the 2020 build date and the similar ages of nearby reference properties (2019-2022), the street and immediate area likely consist of other young homes, suggesting a community of relatively new residents, potentially young families and professionals.
5. Why is the assessed value different from the past sold price?
The home sold in late 2020 for an estimated $33.5k–$36.5k. The current assessed value of $42.40k reflects the municipal assessment for tax purposes, which considers market trends and changes over time, and is not a direct indicator of current list or sale price.