1909 Chancellor Drive

Property Overview: 1909 Chancellor Drive, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 1909 Chancellor Drive presents a specific and practical value proposition. Built in 1978, its construction year is notably newer than many comparable homes on its street and in the Waverley Heights community, suggesting potentially fewer age-related concerns than area averages.

The property’s primary appeal lies in its efficient scale and balanced valuation. With 980 sqft of living space and a 4,606 sqft lot, it is consistently below the average size for its immediate neighborhood and street. This isn't a sprawling property, but rather a manageable one. The assessed value for taxes is consistently "close to average" across all comparison levels, indicating the market and city assessor see it priced in line with its offering. This creates a scenario of a fairly priced, lower-maintenance home in a well-established area.

It would best suit buyers seeking an affordable entry into a stable neighborhood without the upkeep of a larger property. This could include first-time homebuyers, downsizers looking to simplify, or investors seeking a pragmatic rental property. A less obvious perspective is that a smaller, efficiently designed home on a modest lot can mean significantly lower utility costs, property taxes, and time spent on yard work compared to the area's larger averages, offering a different kind of luxury: one of time and financial ease.

Section 2: Frequently Asked Questions

1. Is this home smaller than others in the area?
Yes. The living space is below the average for Chancellor Drive, Waverley Heights, and Winnipeg overall. This translates to a more manageable and likely more energy-efficient home.

2. How does its assessed value compare?
The property's assessed value is consistently close to the average for its street, community, and the entire city. This suggests it is viewed as fairly valued within the current market framework.

3. What does the 1978 build year mean for me?
While not a new build, this home is newer than many on its street and in the neighborhood. This could imply updates to major systems (like electrical or plumbing) over the years compared to older homes, but a thorough inspection is always recommended.

4. Is the lot size a disadvantage?
The lot is smaller than the street and community averages. For some, this means less yard maintenance and lower outdoor upkeep costs. For those prioritizing extensive private outdoor space, it may be a consideration.

5. How should I interpret the ranking data?
The rankings show how this property compares to others in specific categories. For example, being in the "top 6%" for build year on its street is a positive indicator of relative newness, while being in the "top 84%" for living space means 84% of comparable homes on the street are larger. It's a tool for understanding the home's position within its market context.