Property Overview
This home at 1115 Chancellor Drive in Waverley Heights is a study in established, middle-of-the-road appeal. Its metrics consistently place it in the broad average range for its street, neighborhood, and the wider city of Winnipeg. Built in 1977, the 1,076 sqft house sits on a 4,998 sqft lot, with an assessed value of $400k. The data suggests a property that doesn’t stand out for extreme size or value but represents a stable, predictable entry in the market. Its appeal lies in this very consistency—it’s a known quantity in a mature neighborhood, offering a manageable scale without the premium or the challenges of more outlier properties.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its alignment with local averages. The living area, year built, and assessed value all hover close to the norms for Chancellor Drive and Waverley Heights. A thoughtful perspective is that the slightly smaller-than-average lot size for the neighborhood might translate to less yard maintenance, which could be a hidden perk for some. This isn’t a sprawling estate or a compact starter home; it occupies a comfortable middle ground.
This property would suit pragmatic buyers seeking a straightforward home in a settled area. It’s well-suited for first-time buyers or downsizers who prioritize a manageable footprint and want to avoid the surprises or premium costs associated with homes that rank at the very top or bottom in key metrics. It appeals to those who value neighborhood character over standout square footage, offering a chance to be part of an established community without an excessive property to manage.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The assessed value of $400k is very close to the street average of ~$390k, ranking it in the top 38%. This suggests it’s priced consistently with the market, neither a bargain nor overvalued relative to its immediate neighbors.
2. How does the lot size impact the property?
At 4,998 sqft, the lot is smaller than the average for both the street and neighborhood. This likely means a more manageable yard for upkeep, but may offer less privacy or space for expansions compared to some nearby homes.
3. What does the "around average" ranking for year built mean?
Built in 1977, the home is typical for the area. Buyers should expect the maintenance considerations common to houses of this era, but can also be confident that major community infrastructure and landscaping are well-established.
4. Is the living space smaller than most homes in Winnipeg?
At 1,076 sqft, it is below the citywide average for comparable homes. However, it is much closer to the averages for its specific street and neighborhood, indicating the homes in Waverley Heights tend to be cozier than the city median.
5. Does this data suggest the neighborhood is stable?
The consistent clustering of home values, sizes, and ages around the averages points to a stable, homogeneous area without wild fluctuations. This often indicates predictable property values and a settled community feel.