Property Summary: 1214 Chancellor Drive, Waverley Heights
Key Characteristics & Appeal
This home at 1214 Chancellor Drive presents a solid, above-average offering in the Waverley Heights neighborhood. Its primary strength is its generous living space. At 1,580 sqft, the home is notably larger than most comparable properties on its street, in the neighborhood, and across Winnipeg, ranking in the top 12-26% for size. This creates immediate value and roominess not always found in homes from its era, built in 1977.
The property’s assessed value of $422k sits above the street average and aligns closely with broader area and city averages, suggesting a fair market positioning. The lot size, while slightly smaller than some neighbors at 5,412 sqft, is still very much in line with local expectations. The appeal here is one of reliable, data-backed substance over flash. It suits practical buyers looking for a spacious interior in an established neighborhood without paying a premium for the newest build on the block. It’s an ideal match for those who prioritize interior square footage over having the largest yard or the most recently built home, and who appreciate a home that performs well in key metrics against its direct competitors.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is above the average for Chancellor Drive itself, but aligns closely with the wider neighborhood and city averages for similar homes. This suggests it is competitively priced within the broader market while offering more living space than its immediate neighbors.
2. Is the lot size a disadvantage?
The lot is slightly smaller than the street and neighborhood averages, but not significantly so. For buyers who value a larger interior and a manageable yard, this is a typical trade-off in established areas. It remains a standard-sized residential lot.
3. What does the "Above Average" ranking for living area mean in practice?
It means this home offers more interior space than 74-88% of comparable homes in Winnipeg, depending on the comparison level. You are getting a physically larger house than most, which is a key differentiator.
4. The home was built in 1977. Should I be concerned about its age?
The build year is typical for the street and neighborhood. While this means potential for original components or systems needing updates, it also places the home in a period of generally solid construction. Its age is unremarkable for the area and is reflected in its mid-range rankings for this characteristic.
5. Where does this property stand out the most?
Its most significant advantage is living area. It ranks highest (top 12%) when compared directly to other homes on Chancellor Drive, meaning it likely feels more spacious than most houses you would see on the same block. This is its clearest competitive edge.