1655 Chancellor Drive

Property Summary: 1655 Chancellor Drive, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This property is distinguished by its exceptional standing within its immediate neighborhood and the broader city. Its primary appeal lies in offering modern, above-average space on a generous lot within a well-established community.

• Key Characteristics: The home is notably modern, built in 2015, making it one of the newest residences on its street and in the entire Waverley Heights area. With 2,287 sqft of living space, it provides significantly more room than typical local homes. It sits on a large, approximately 10,200 sqft lot, offering ample outdoor space. The property's assessed value for taxes is considerably higher than area averages, reflecting its premium attributes.
• Where the Appeal Lies: Beyond the obvious benefits of a newer home with more space, the property offers a rare combination. It provides the modern advantages of a recent build (like updated systems and potentially lower maintenance) within a mature neighborhood with settled landscapes and established amenities. The large lot is a standout feature, offering privacy and room for expansion or landscaping that is harder to find in newer subdivisions. Its rankings indicate it's not just a good home, but a leading one in its immediate vicinity.
• Ideal Buyer Profile: This home would best suit buyers looking for a move-in ready, spacious property who value both modern construction and a traditional neighborhood setting. It's ideal for growing families needing ample indoor and outdoor space, or for professionals seeking a premium home with room to entertain. It would also appeal to those making a lateral move within the city who want to significantly upgrade their living space and lot size without moving to a distant suburb.

Section 2: Frequently Asked Questions

1. How does the 2015 build year compare to the rest of the neighborhood?
The home is exceptionally new for the area. The average build year on Chancellor Drive and in Waverley Heights is around 1978, meaning this property is roughly 37 years newer than its typical neighbor.

2. The living space is listed as "top 1%" in the community. What does that mean practically?
With 2,287 sqft, this home has nearly double the living area of the average comparable home on its street (~1,220 sqft). This translates to more bedrooms, larger common areas, or more dedicated spaces (like a home office or playroom) than most homes you'll find in the immediate area.

3. Does a higher assessed value for taxes just mean higher property taxes?
Primarily, yes, a higher assessed value typically leads to a higher property tax bill. However, it also strongly reflects the city's valuation of the property's premium characteristics—like its newness, size, and lot—compared to others. It is a formal indicator of the property's standing in the market.

4. The lot size is in the top 4% for the community but only "above average" city-wide. Why?
This highlights the desirability of Waverley Heights. The lot is very large for this specific community, where average lots are around 6,000 sqft. Compared to all of Winnipeg, large lots are more common, so while it's still a sizeable lot city-wide, it's not as exceptionally rare as it is within its own neighborhood.

5. What might be a less obvious consideration with a home that ranks so well locally?
While the metrics show superior size and newness, prospective buyers should consider the architectural and community character. A 2015 home will have a different style than homes built in the 1970s and 80s that surround it. Ensuring the home's design and your lifestyle fit seamlessly into a mature neighborhood is as important as the impressive statistics.