86.8
Excellent
Property score
86.8
Excellent
Overall 86.8
Larger than most nearby homes
1,852 sqft (top 22%)
Built in 2021 (1 yr newer than avg)
Located in a high-income area
with median household income of ~120k
Transit 70.0
2-min walk to transit with 1 nearby route
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 55%Punjabi · 5%
Past 10 years Fraipont sales snapshot (~80% of all data)
764
515k
$359/sqft
2020
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86.8 is composed by the two sections below.
Property Score
Community Score
Fraipont
How to read: Share of sales in each ~$50k price band for “fraipont” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111207
$120K
Median household income
$132K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
9%
Single-person households
49%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
115 Maligne Way — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 353 m).
Fraipont · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -98%
vs. prior year
Primary type
Property
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 3% | Top 6% | Top 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Bottom 41% | Top 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 115 Maligne Way, Fraipont, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, is a modern property in the Fraipont neighbourhood. Its key appeal lies in its combination of above-average size, recent construction, and strong market positioning. With 1,852 sqft of living space, it ranks in the top 4% of homes on its own street and the top 15% city-wide, offering more room than most comparable properties. It features a renovated basement and an attached garage.
The home’s assessed value places it in the elite tier of its immediate area (top 2% on Maligne Way), indicating it is perceived as a premium property within its local market. This suggests not just a well-maintained home, but likely one with finishes or features that set it apart. The lot size is generous for the street but more modest by broader city standards, appealing to those who prefer a newer neighbourhood layout with less exterior maintenance.
This property would best suit buyers looking for a move-in ready, modern home in a developing area, who value space and contemporary builds over established, large lots. It’s ideal for professionals or growing families seeking a home that stands out in its immediate community for its size, newness, and perceived value, without the upkeep demands of an older property.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2024 for an estimated $63.5k–$66.5k, which is notably higher than its current $55.20k assessed value. This difference is common and suggests the market recently valued the home above its official assessment, which can be based on older data.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a rental suite, or has specific upgrades.
3. Is the property in a new development area?
Given its 2021 build date and the number of nearby homes with similar recent construction years (like the referenced properties on Twintree Way and Crestmont Drive), Fraipont appears to be a newer or recently developed neighbourhood.
4. How does the lot size impact potential for expansion or outdoor space?
At 3,883 sqft, the lot is above average for the street but below the city-wide average. This means outdoor space is reasonable for the area but may limit future large-scale additions like a massive deck or extension compared to older neighbourhoods with larger lots.
5. Why are the "comparable home" averages for assessed value so different?
The data shows three different comparison groups. The average assessed value for similar homes on Maligne Way is $46.30k, in Fraipont it's $50.20k, but city-wide it's listed as $390k. This last figure appears to be a significant data discrepancy or typo in the source material, as it is inconsistent with the other local figures and the home’s sale history. Relying on the street and neighbourhood comparisons would be more accurate.
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