Property Overview: 1075 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1075 Chancellor Drive presents a practical and competitively positioned offering in the Waverley Heights community. Built in 1976, it is a typical representative of its neighborhood's era. With 1,036 sqft of living space and a 4,998 sqft lot, its size is consistently below the local area averages but aligns more closely with the broader Winnipeg standard. This creates a specific appeal: you are acquiring a home with manageable scale in an established area, potentially with lower utility and maintenance demands than a larger property.
The primary appeal lies in its value proposition and location. The property's tax assessment value of $392,000 is very close to the average for both its street and the entire city, suggesting it is priced in line with the market. For buyers, this indicates a stable, mid-range investment without a significant premium for the address. It would suit first-time homeowners, downsizers, or investors seeking a straightforward, no-surprises property in a mature neighborhood. The data suggests it’s not the largest or newest on the block, but it holds its own as a solid, average contender in the wider market—a sensible choice for those prioritizing practicality and established communities over size or modern build.
A less obvious perspective is that its "below-average" size for the immediate area could be an advantage. It may offer a more affordable entry point into the Waverley Heights community compared to larger homes on the same street, while still providing the benefits of the location. The lot size, while smaller than the neighborhood average, still allows for decent outdoor space without the burden of an excessively large yard.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than others in Waverley Heights?
Yes, the living area is below the average for both Chancellor Drive and the wider Waverley Heights community. This means it is a more compact option in the area, which can translate to lower heating/cooling costs and less interior maintenance.
2. How does the tax assessment value compare?
The assessment of $392,000 is very close to the average on its street ($390k) and across Winnipeg ($390k), and slightly below the Waverley Heights average ($398k). This indicates the property is assessed consistently with market norms for a home of its type.
3. What does the 1976 build year imply?
The home is of a typical vintage for the neighborhood. Buyers should anticipate features and systems common to late-70s construction and budget for potential updates to elements like windows, roofing, or mechanical systems, which may be nearing the end of their service life.
4. Is the lot a good size?
At just under 5,000 sqft, the lot is smaller than most in Waverley Heights but is close to the Winnipeg city average. It provides adequate private outdoor space for gardening or recreation without the high maintenance of a much larger yard.
5. Who would this property not suit?
It may not be ideal for buyers seeking a spacious, move-in-ready modern home or those who prioritize having one of the largest properties on the block. Families requiring extensive living space or multiple large bedrooms might find it limiting compared to other area options.