Property Overview: 1957 Chancellor Drive, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Waverley Heights presents a practical and comfortable living opportunity. Its key characteristics include a renovated basement, a detached garage, and a generous 5,960 sqft lot, which is notably larger than many in the immediate area. Built in 1978, the 1,468 sqft living space is comfortably above average for the street and neighbourhood.
The appeal lies in its established, quiet setting combined with solid fundamentals. The home occupies a desirable middle ground: it’s not the newest on the block, but its assessed value ranks in the top tier for the street, suggesting it is well-maintained and perceived as a solid asset. The renovated basement adds immediate functional space without the need for a project. This property would suit buyers looking for a move-in ready home in a mature neighbourhood without a premium price tag, particularly those who value a larger lot for privacy, gardening, or future expansion over a brand-new build. It’s a sensible choice for downsizers seeking single-level living or young families wanting space in a stable community.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on finishes, layout, and whether it includes a legal suite or additional bedrooms should be verified with the selling agent during a viewing.
2. How does the assessed value compare to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. Recent sale prices of the "Worth viewing" comparable properties listed (like 1408 Chancellor Dr. or 11 Lakeside Dr.) will provide a more accurate gauge of the current market.
3. Is the lot size a significant advantage?
Yes. At nearly 6,000 sqft, the lot is larger than over 60% of properties on the street. This offers more outdoor space, greater distance from neighbours, and potential for additions like a shed, deck, or garden that might not be possible on smaller lots.
4. What are the implications of the home being built in 1978?
Homes of this era may have original components, like windows, roof shingles, or major systems (furnace, electrical), that are nearing or past their typical lifespan. A thorough home inspection is recommended to understand the condition and plan for any future updates.
5. How does this neighbourhood compare to newer areas like Bridgwater Forest?
Waverley Heights is a mature neighbourhood with established trees and a settled feel. It typically offers better value in terms of lot size and living space per dollar than newer suburbs. The trade-off is often older home designs and potentially higher maintenance costs versus the modern layouts and newer components of a recent build.