Property Overview: 101-919 Chancellor Drive, Winnipeg
Key Characteristics & Appeal
This 952 sqft condominium, built in 2004, presents a specific and compelling value proposition. Its primary appeal lies in its strong standing within its immediate building and street context. On Chancellor Drive itself, it ranks in the top 1% for living area and year built, meaning it is one of the largest and newest units in the building. This suggests a well-maintained, above-average unit in its own complex. The assessed value of $22,100 is also above the street average, reinforcing its relative premium position locally.
However, the perspective shifts when viewed against the wider Montcalm neighbourhood and city, where it becomes a more average offering in terms of size and value. This creates a unique dynamic: you are acquiring one of the better units on a specific street, which may offer better finishes or condition, but within a broader market context that is mid-range. It suits a pragmatic buyer who values modern construction (avoiding the maintenance issues of older buildings) and appreciates getting a top-tier unit within a specific complex without a top-tier city-wide price tag. It would also appeal to those looking for a manageable, turn-key space without the upkeep of a house.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
This is a condominium, so the assessed value reflects the unit itself, not land ownership. It is not directly comparable to the assessed value of a single-family home, which includes both the structure and the land.
2. How does its size compare to other condos?
At 952 sqft, it is significantly larger than the average unit on its street (838 sqft) but somewhat smaller than the average condo in the wider Montcalm area (1,178 sqft). It offers a spacious layout for a condo, particularly within its own building.
3. What does the sold price range (CA$200k–250k in 2024) tell me?
It provides a recent market benchmark. To understand how that price relates to the assessed value and to get the exact sale figure, you can request the precise sold price history from the site via email.
4. The rankings show it's "below average" for value in Montcalm. Is that a concern?
This ranking compares its assessed value to all properties in Montcalm, including large single-family homes. For a condo, a lower assessed value relative to neighbourhood houses is normal and results in lower property taxes, which can be an advantage.
5. Where can I see more context about the location?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to visually compare this property to nearby homes based on year built, size, and value.