Property Overview: 1929 Chancellor Drive, Waverley Heights
Key Characteristics & Appeal
This 1978-built home on Chancellor Drive presents a solid, value-conscious opportunity in Winnipeg’s Waverley Heights neighborhood. With 1,040 sqft of living space, it is slightly more compact than many homes on its street and in the area, which can mean lower utility costs and less maintenance. Its standout feature is the 6,072 sqft lot, which is larger than most on the block and provides generous outdoor space for gardening, play, or expansion.
The home’s assessed value of $414k ranks well above the street average, suggesting it is perceived as a higher-quality or better-maintained property within its immediate context. This creates an interesting dynamic: you’re acquiring a home that stands out on its street for value, yet sits on a larger-than-average parcel of land. It suits practical buyers looking for a established neighborhood character, who prioritize lot size over interior square footage, and who see potential in a property that already holds strong assessed value relative to its peers. It’s a fit for those who want room to breathe outdoors without moving to the city's outskirts.
Frequently Asked Questions
1. Is the living area smaller than average?
Yes. At 1,040 sqft, the home is smaller than the average for Chancellor Drive (1,220 sqft) and the Waverley Heights neighborhood (1,239 sqft). This indicates a more efficient or compact layout.
2. Why is the assessed value higher than the street average?
A higher assessed value compared to neighbors often reflects factors like superior condition, updates, a premium lot, or favorable features. It suggests the municipality views this property as one of the higher-caliber homes on the block.
3. How does the lot size compare?
The lot is a key advantage. At over 6,000 sqft, it is larger than most lots on Chancellor Drive and in the neighborhood, offering more private outdoor space.
4. What does the "Above Average" year built ranking mean?
Built in 1978, this home is newer than many on its street and in the neighborhood. In an area with similar vintage homes, this can sometimes indicate slightly newer construction materials or systems.
5. Who would this property best suit?
It’s ideal for buyers who value a large yard and a well-regarded property on its street, and who are comfortable with a cozier interior footprint. It may also appeal to those considering future expansions, where the lot size is a major asset.