Property Overview: 87 Maligne Way, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, presents a modern, low-maintenance living option in Winnipeg's Fraipont neighbourhood. Its primary appeal lies in its above-average size and contemporary condition within a newer community. With 1,702 sqft of living space, it ranks in the top 10% on its street and top 21% city-wide for size, offering more room than many comparable homes. The property features an attached garage and a renovated basement, adding functional space.
The home’s assessed value places it consistently above average across all comparison levels, suggesting a perception of solid worth relative to its peers. It suits buyers seeking a turnkey, modern property without the immediate concerns or update costs of an older home. It’s particularly well-matched for young families or professionals who value space and newer construction, but who may not prioritize a large yard, as the lot size is more modest compared to the city-wide average. A thoughtful perspective is that this home represents a balance: it offers the benefits of a newer build (modern systems, energy efficiency, contemporary layout) within a specific and established micro-market of newer homes in Fraipont, providing a clearer "apples-to-apples" comparison for value.
Section 2: Frequently Asked Questions
1. How does the lot size compare to older neighbourhoods?
While the lot is average for Fraipont, it is below the city-wide average. This is typical for newer subdivisions and translates to less exterior maintenance but potentially less private outdoor space than homes in older, established areas.
2. What does the "above average" assessed value ranking mean for property taxes?
A higher assessed value relative to peers generally indicates a higher property tax bill. While it signals municipal confidence in the property's worth, buyers should budget accordingly.
3. The home sold in late 2020. What might that indicate?
As a relatively recent resale of a new build, it could suggest the original owners' circumstances changed. It provides a useful, modern sale price benchmark, though the current market value will be influenced by conditions since 2020.
4. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade) calculation. The 1,702 sqft likely refers to the main and upper floors, with the renovated basement providing additional bonus space.
5. How does living on a street of similar, newer homes affect value?
This creates a uniform and well-maintained streetscape, which can protect and stabilize values. However, it also means direct competition when selling, as buyers will compare it closely with near-identical neighbours.