Property Overview: 1082 Chancellor Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Waverley Heights home presents a practical and value-conscious opportunity. Its key characteristic is balance: while the 980 sqft living area is modest compared to local averages, the assessed value of $377k aligns closely with neighborhood norms, suggesting the price accurately reflects the home’s scale. Built in 1978, it is notably newer than many homes on its own street and in the wider city, which can be appealing for those mindful of potential maintenance timelines or architectural style.
The appeal lies in its position as an efficient entry point into a established neighborhood. It suits first-time buyers or downsizers seeking manageable space without overextending financially, and value-focused investors looking for a stable rental property. A thoughtful perspective is that a smaller home on a sub-5,000 sqft lot translates to less ongoing upkeep—both in interior cleaning and exterior yard work—freeing up time and resources. It’s a property that prioritizes location and practicality over sheer size.
Section 2: Frequently Asked Questions
1. Is the living area too small?
While below the local average, the 980 sqft layout is functional for individuals, couples, or small families. It emphasizes efficient use of space over expansiveness, which can mean lower utility costs and less maintenance.
2. How does the assessed value impact property taxes?
With an assessed value very close to the neighborhood average, you can expect property taxes to be typical for Waverley Heights, not disproportionately high or low for the area.
3. What are the advantages of the 1978 build year?
Being newer than many comparables on the street may indicate updates in construction materials and standards for its era, potentially affecting wiring, insulation, or layout. It’s advisable to have a home inspection confirm the specific condition.
4. Is the lot size a limitation?
The 4,499 sqft lot is smaller than others on Chancellor Drive. This means less private outdoor space but also significantly reduced landscaping responsibilities, which can be a benefit for those seeking a low-maintenance property.
5. How should I interpret the "around average" rankings for value?
This suggests the property is priced in line with the market for its offering. It indicates stability and fair valuation rather than being an outlier, which can be positive for both purchase and long-term value retention.