Property Overview: 1973 Chancellor Drive, Waverley Heights
Key Characteristics & Appeal
This 1978-built home on Chancellor Drive presents a solid, average-sized offering in a well-established Winnipeg neighborhood. With 1,077 sqft of living space and a 4,900 sqft lot, its dimensions are comfortably in the middle range for the area, appealing to those seeking a manageable property without extreme size. The home’s standout characteristic is its age relative to its immediate street—it is newer than approximately 94% of comparable homes on Chancellor Drive, suggesting potentially fewer immediate concerns with major aging components compared to neighbors.
Its appeal lies in its statistical consistency and position as a stable, middle-ground property. The assessed value is firmly in line with area averages, indicating a fair market positioning without premium or discount pricing. This isn’t a standout luxury property or a fixer-upper; it’s a pragmatic choice in a mature neighborhood. It would suit first-time buyers, downsizers, or investors looking for a straightforward, comparable home in a settled area. A thoughtful perspective is that its slightly smaller-than-average lot for the street could mean less maintenance, which is a practical advantage for some, while the newer build year offers a relative sense of modern infrastructure within a classic community setting.
Frequently Asked Questions
1. Is this home significantly bigger or smaller than others nearby?
No, it’s consistently around average. Its living area ranks in the 60th-66th percentile across street, neighborhood, and city comparisons, meaning it’s very typical for the area.
2. How does the assessed value compare?
The assessed value of $401k is also around average. It ranks slightly higher on its own street (top 36%) but aligns closely with the neighborhood and city averages, reflecting a standard market value.
3. What does the "newer" build year actually mean?
Built in 1978, it is newer than most homes on Chancellor Drive itself (top 6%). This is a relative advantage on its specific street, though within the wider neighborhood and city, its age is more typical.
4. Is the lot size a disadvantage?
The lot is smaller than average for both Chancellor Drive and Waverley Heights. This could mean a smaller yard, but also translates to less exterior maintenance. It is closer to the citywide average.
5. What type of buyer is this home best for?
It’s ideal for buyers seeking a predictable, average-condition home in a stable neighborhood without unexpected premium costs or major renovation projects. Its metrics suggest a low-risk, conventional purchase.