Property Overview: 1283 Chancellor Drive, Waverley Heights
Key Characteristics & Appeal
This well-situated home on Chancellor Drive presents a compelling opportunity in Winnipeg’s Waverley Heights neighborhood. Its primary strength is its generous living space. At 1,604 sqft, the home is notably larger than most comparable properties on its street, in the neighborhood, and across the city, ranking within the top 25% citywide for size. This spaciousness is paired with an assessed value that is above average for the immediate street and neighborhood, suggesting a perceived quality and desirability that aligns with its physical footprint.
The appeal lies in its established, mature setting. Built in 1976, the home is typical for its street but is actually newer than many in the broader Waverley Heights area, offering a balance of classic construction and relative modernity. The lot size, at just under 5,500 sqft, is consistent with local expectations, providing ample outdoor space without excessive maintenance demands.
This property would suit buyers prioritizing interior space and a stable, above-average location over a brand-new build. It’s ideal for a growing family or anyone who values rooms with size and proportion that exceed current averages. The data suggests a home that is a strong performer within its immediate context—offering more house on a good street—rather than just another listing in the wider market.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $436k is above the average for both Chancellor Drive and the Waverley Heights neighborhood. This indicates it is valued higher than many surrounding properties, which often reflects factors like its larger living area, condition, or specific upgrades.
2. Is the living space significantly different from other homes?
Yes. With 1,604 sqft of living area, this home is substantially larger than the average comparable home on its street (1,220 sqft), in the neighborhood (1,239 sqft), and across Winnipeg (1,342 sqft). This is one of its most standout features.
3. The home was built in 1976. Is that older than the neighborhood average?
Interestingly, no. While 1976 is a typical build year for Chancellor Drive, the broader Waverley Heights neighborhood has an average build year of 1978, making this home slightly newer than many in the area.
4. What do the rankings (e.g., Top 10%, Top 13%) actually mean?
These percentile rankings show how this property compares to similar homes. For example, ranking in the Top 10% for living area on its street means 90% of comparable homes on Chancellor Drive are smaller. It’s a quick way to see where the property excels or is average against relevant benchmarks.
5. The lot size seems average. Is there room for expansion or landscaping?
The lot of 5,497 sqft is very close to the street and neighborhood averages. It provides a standard-sized yard for the area, suitable for gardening, recreation, or a potential deck or patio. It is not an exceptionally large lot, but is consistent with the community’s character.