Property Overview: 1099 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home at 1099 Chancellor Drive presents a solid, average offering within its established Waverley Heights neighborhood. Built in 1976, it features 1,040 sqft of living space on a 4,998 sqft lot. The core appeal lies in its consistency and stability. When compared directly to its immediate street and the broader city, this property consistently ranks as "around average" in key metrics like living area, lot size, and assessed value (currently $379k). This isn't a standout luxury property, but rather a dependable one that reflects the established character of the area.
Its most notable strength is its relative value within the immediate neighborhood. While the home's size is slightly below the Waverley Heights average, its assessed value is also proportionally lower, potentially offering a more accessible entry point into this desirable area. It suits practical buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a sound investment in a mature neighborhood over ultra-modern finishes or oversized proportions. It’s for someone who sees value in a home that doesn’t deviate from the norm, offering predictability in both its offerings and its standing in the community.
Section 2: Frequently Asked Questions
1. Is this home a good value for the Waverley Heights area?
The data suggests it may be. While the living area is slightly below the neighborhood average, the assessed value is also proportionately lower, ranking in a similar percentile. This could indicate a fair market position relative to what you get.
2. How does the lot size compare to others?
At just under 5,000 sqft, the lot is moderately sized. It is typical for Chancellor Drive but is below the average for both the Waverley Heights neighborhood and the city overall. It provides adequate outdoor space without extensive maintenance demands.
3. What does the "around average" ranking for year built mean?
Built in 1976, the home is typical for its street and neighborhood. This means major systems and components are likely of a similar age to those in surrounding homes, which can be helpful when planning for future updates or understanding common maintenance items for homes of that era in Winnipeg.
4. Are there any obvious red flags in the metrics?
There are no extreme outliers. The home consistently performs in the middle of the pack across all comparison levels (street, neighborhood, city). The citywide ranking for assessed value is lower (Top 44%), but this is balanced by its stronger standing within the more specific and relevant local contexts.
5. Who would this property not suit?
It may not suit buyers seeking a large, expansive lot, a significantly newer build, or above-average square footage for the price within this specific neighborhood. It is a home that fits comfortably within existing community benchmarks rather than exceeding them.