Property Overview: 1274 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1274 Chancellor Drive presents a solid, middle-of-the-road offering in Winnipeg's Waverley Heights community. Built in 1976, it is a typical representative of its era and neighborhood. Its primary appeal lies in its consistency and alignment with local averages, offering a low-risk profile for buyers seeking a stable, established residential setting.
The 1,240 sqft living space and 5,886 sqft lot are both very close to the averages for both its immediate street and the wider Waverley Heights area. This indicates a property that is neither exceptionally large nor small for its location, fitting comfortably within the community's character. The city-assessed value for taxes of $405,000 is also closely aligned with local norms, suggesting the property is valued in line with its peers without significant premium or discount.
This profile would suit pragmatic buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize predictability and neighborhood fit over standout features. It’s a property that avoids extremes: it’s not the newest, largest, or most expensive on the block, but it also isn’t the smallest or most dated. Its rankings consistently in the 30th to 50th percentiles across various metrics suggest a home that requires less guesswork about its market position. A thoughtful perspective is that this consistency can be an asset; it minimizes the risk of overpaying for fleeting trends or facing challenges related to being an outlier in the area.
Section 2: Frequently Asked Questions
1. What does it mean that the home's metrics are consistently "close to average"?
It means the property is very typical for its specific location. You are getting a home that aligns with the established norms for Chancellor Drive and Waverley Heights in terms of size, lot, and official valuation. This can simplify comparisons and set realistic expectations.
2. The home was built in 1976. Should I be concerned about major updates?
The building age is standard for the street (average 1978) but is slightly older than the Waverley Heights community average. While major systems like roof, windows, or furnace may have been updated over the decades, a thorough inspection is always recommended to understand the condition of these components, which are now approaching 50 years old.
3. How does the assessed value relate to the likely selling price?
The city's assessed value for tax purposes ($405,000) is a administrative tool and a starting point for comparison. It shows the home is valued in the top third on its street. The final selling price will be determined by the current market, condition, and interior features not captured in this statistical assessment.
4. Is the lot size a good feature?
At nearly 5,900 sqft, the lot is slightly larger than the street average. It offers a decent outdoor space typical for the neighborhood. It's not an exceptionally large lot, but it provides a comfortable and standard yard for the area.
5. The rankings show the home is in the "top 46%" city-wide for living area. Is that good?
This indicates that within the entire city of Winnipeg, this home's living space is above the median point. It's a positive data point showing the home offers more space than over half the properties in the broader market, though it remains average for its own desirable neighborhood.