Property Overview: 1247 Chancellor Drive, Winnipeg
Key Characteristics & Appeal
This 1976-built home in Waverley Heights presents a solid, average offering in the Winnipeg market. With 1,076 sqft of living space on a 5,233 sqft lot, its metrics consistently fall within the middle range when compared to its immediate street, neighborhood, and the wider city. The assessed value of $407k is modestly above local averages, suggesting it is viewed as a stable asset in the area.
The appeal here is one of predictability and balance. It’s a home that doesn’t stand out for extreme size, age, or value, but rather for its alignment with established community norms. This can be attractive for buyers seeking a known quantity—a property unlikely to hold major surprises in terms of upkeep or relative worth. It would suit first-time buyers or downsizers looking for a straightforward entry into a mature neighborhood, or investors seeking a stable, rental-ready property. A thoughtful perspective is that its "average" rankings across the board indicate a resilient baseline; in a shifting market, such homes often demonstrate less volatility than properties with more extreme characteristics.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The home’s assessed value is above the street average, ranking in the top 31%. This indicates the city assesses it as having more value than many direct neighbors, which could be due to condition, updates, or specific lot advantages.
2. How does the lot size compare?
At 5,233 sqft, the lot is slightly smaller than both the street and neighborhood averages. It offers standard outdoor space for the area but isn’t considered expansive.
3. The home was built in 1976. Is that older than most in the area?
Interestingly, no. On Chancellor Drive, it’s right around the average build year. Within the broader Waverley Heights neighborhood, it actually ranks in the top 26% for being newer, as many homes were built around 1978 or earlier.
4. What do the ranking percentages actually mean?
A ranking in the "Top 61%" for living area, for example, means 39% of comparable homes have less space, and 61% have the same or more. It’s a measure of where the property sits within the distribution, not a grade.
5. Are there any obvious advantages or disadvantages based on this data?
The data suggests no major outliers. The advantage is stability and meeting community standards. The potential disadvantage is the lack of a standout feature (like a very large lot or recent build year) that might drive exceptional demand or appreciation compared to peers.