Property Overview: 1202 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1202 Chancellor Drive presents a solid, middle-of-the-road opportunity in the established Waverley Heights neighborhood. Built in 1977, its key metrics—from its 1,076 sqft living space to its 5,507 sqft lot and $378k assessed value—consistently rank as "around average" when compared to its immediate street and broader neighborhood. This isn't a standout luxury property or a fixer-upper; its appeal lies in its predictability and stability within a mature community.
The home suits practical buyers seeking a straightforward entry into a stable area without extreme premiums or major compromises. It’s a sensible choice for first-time homeowners who value a known quantity over uncertainty, or for downsizers looking for manageable space in a long-established setting. A less obvious perspective is that a home which benchmarks so consistently average on paper may offer fewer pricing surprises and a smoother appraisal process, reducing one common hurdle in a purchase. Its position suggests you’re buying the neighborhood’s character and convenience, with a house that aligns directly with the local norm.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on the data, its assessed value is very close to the street average ($378k vs. $389.8k average), suggesting it is priced in line with its direct neighbors, neither a bargain nor overpriced in that context.
2. How does the lot size compare?
The lot is 5,507 sqft, which is slightly below the neighborhood average but very close to the average for Chancellor Drive itself. It provides typical outdoor space for the immediate area.
3. Is the living space smaller than average?
Yes, but only modestly. At 1,076 sqft, it is below the citywide average, but it is much closer to the averages for both Chancellor Drive (1,220 sqft) and Waverley Heights (1,239 sqft). It reflects the scale of many homes in this specific locale.
4. What does the "around average" ranking mean for future resale?
It indicates the property doesn't have extreme features that could complicate pricing. It should appeal to the same broad segment of buyers in the future, potentially offering stable, market-mirroring performance rather than high volatility.
5. Are homes here newer or older than the rest of Winnipeg?
This home (1977) is slightly newer than the citywide average for comparable properties (1966). On its street and in Waverley Heights, it is typical, built right around the 1978 neighborhood average.