1135 Chancellor Drive

Property Summary: 1135 Chancellor Drive, Waverley Heights, Winnipeg

Key Features & Buyer Profile

This home presents a compelling blend of space, value, and established community living. Its key characteristic is its generous 1,591 sqft of living area, which places it comfortably above the average for its street, neighborhood, and the city overall. This suggests a home that offers more room than many comparable properties in the area.

The appeal lies in its balanced profile. While the living space is a standout feature, the property’s assessed value for taxes is closely aligned with local averages, indicating a potentially fair market entry point for the square footage offered. The 1980 build year is notably newer than most on its street, hinting at possible updates or a construction era with modern amenities. The lot size is typical for the immediate area, providing standard outdoor space without excessive maintenance.

This property would suit buyers prioritizing interior space over a vast yard, looking for a home in a mature, established neighborhood like Waverley Heights. It’s ideal for those who value data-driven insights, showing they are getting a home that ranks well on key metrics like size and age within its micro-location. A thoughtful perspective is that this home may represent a “sweet spot”—offering more interior room than its neighbors without a proportionally higher tax assessment, which could appeal to value-conscious upsizers or families seeking room to grow without venturing into premium-priced segments.

Frequently Asked Questions

1. What does it mean that the living area is in the "top 11%" for the street?
This means that among 305 comparable homes on Chancellor Drive, only 32 have a larger living area. You are getting more interior space than the vast majority of homes on this specific street.

2. The tax assessment is close to the average, but the living space is well above average. Is that typical?
Not always. This combination can be a positive indicator, suggesting the home is valued fairly relative to its size. It may mean you are paying a typical price for an above-typical amount of living space in this locale.

3. The home was built in 1980. Should I be concerned about major systems or updates?
The 1980 build year is newer than most on the street (top 4%). While this is a positive, key components like the roof, furnace, windows, and major appliances are likely at or beyond their typical lifespan and should be inspected for age and condition.

4. How does the lot size compare?
At just under 5,500 sqft, the lot is very typical for Chancellor Drive and slightly below the average for the wider Waverley Heights area. It provides a standard suburban yard but is not an exceptionally large parcel.

5. How should I use these ranking statistics when viewing the home?
These rankings are best used to understand the home’s objective position in the market. They highlight its strengths (size, newer build) and set realistic expectations for its lot and value. They confirm it’s a spacious home in an established setting, guiding you to focus a viewing on interior layout, condition, and updates.