Property Overview
This home at 1243 Chancellor Drive in Waverley Heights presents a balanced and practical opportunity in the Winnipeg market. Its key appeal lies in its solid value proposition within a well-established neighborhood. The 988 sqft bungalow, built in 1976, sits on a 5,233 sqft lot. The data reveals a clear profile: the living area is modest, consistently below local and city averages, which is reflected in its accessible price point. However, its assessed value of approximately $406k is competitive, sitting firmly around the average for the street, neighborhood, and city. This suggests you are paying primarily for location and land value rather than square footage. The lot size is also comfortably around the neighborhood average, offering decent outdoor space.
The property would suit first-time buyers or downsizers seeking an entry into a stable area without a premium price tag. It’s a pragmatic choice for those who value location and a manageable yard over a large interior, and who see potential in updating a home from the 1970s. A thoughtful perspective is that its below-average size may translate to lower utility costs and less maintenance, while its assessed value being on par with larger homes on the street hints at the underlying desirability of the specific location.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. At 988 sqft, the living area is below the average for Chancellor Drive, Waverley Heights, and Winnipeg overall. This is a key factor in its pricing.
2. What does the assessed value tell me?
The assessed value of ~$406k is very close to the averages for the street, neighborhood, and city. This indicates the price is aligned with market norms for the area, not inflated.
3. Is the lot a good size?
The 5,233 sqft lot is around the average for the immediate street and neighborhood. It provides a typical suburban yard for the area, neither exceptionally large nor small.
4. What are the implications of the 1976 build date?
The home is of average age for its street but slightly older than the Waverley Heights average. Buyers should budget for updates common to homes of this era, such as windows, roofing, or interior finishes, while also benefiting from a mature property.
5. How should I interpret the ranking data?
The rankings show how this property compares to similar homes in different zones. Crucially, it performs better in value rankings than in size rankings. This often means you’re investing more in the location and land than in the size of the house itself.