Property Summary: 1484 Chancellor Drive, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home on Chancellor Drive presents a compelling blend of space, value, and location. Its key appeal lies in its strong standing within its immediate surroundings. The 1,325 sqft living area is notably above average for both the street and the wider Waverley Heights neighborhood, offering more interior space than many comparable local homes. This is paired with a generous 6,048 sqft lot, providing ample outdoor space relative to the area.
The home’s assessed value of $437K ranks highly on its street (top 13%), suggesting it is perceived as a premium property in this specific locale. Built in 1976, it is typical for the street but is actually one of the older homes in the Waverley Heights neighborhood, which may indicate a more established streetscape or potential for updates that personalize the space.
This property would ideally suit buyers looking for a home that outperforms its neighborhood averages in terms of living space and lot size, offering a sense of value within a desirable setting. It’s a strong choice for those who prioritize space over a newer build and appreciate a home with a proven value footprint on a mature street.
Section 2: Frequently Asked Questions
Q: How does this home’s value compare to others in Winnipeg?
A: The assessed value is above average for its street and neighborhood, but sits close to the overall city average for comparable homes. This indicates you are paying a premium for the specific Chancellor Drive/Waverley Heights location rather than for citywide square footage.
Q: Is the 1976 build date a concern?
A: The year built is typical for Chancellor Drive but is below the neighborhood average. This doesn’t inherently indicate condition, but it does mean prospective buyers should pay particular attention to the age and state of major systems (roof, windows, HVAC) and consider if the home’s layout or style aligns with their tastes, which may differ from newer builds in the area.
Q: What does the "above average" living area ranking mean practically?
A: It means you are getting more interior space than approximately 73-77% of similar homes on this street and in this neighborhood. For daily living, this translates to potentially larger rooms, more storage, or a more flexible floor plan than many other available options in the immediate area.
Q: The lot size is above average on the street but only average in the neighborhood. Why is that?
A: This suggests that Chancellor Drive itself tends to have slightly smaller lots than the broader Waverley Heights area. This property’s lot is therefore a standout on its own street but is more typical when compared to the entire neighborhood. It still offers a substantial outdoor space.
Q: Are these rankings based on recent sales or government assessments?
A: These rankings are based on the municipal assessed value and available property data for comparable homes, not recent sale prices. The assessment is a key metric for property taxes and official valuation, but a market appraisal and recent comparable sales should be consulted to determine current fair market value.