Property Overview: 1489 Chancellor Drive, Waverley Heights
Key Characteristics & Appeal
This home at 1489 Chancellor Drive presents a compelling opportunity in the Waverley Heights neighborhood. Its primary strength is its generous 1,824 sqft of living space, which ranks within the top 5% of homes on its own street and top 7% within the neighborhood. This means it offers significantly more interior room than most comparable properties nearby, a major advantage for growing families or those who value spaciousness. Built in 1978, the home is newer than most on its street and aligns with the neighborhood's typical age, suggesting a well-established streetscape with mature landscaping.
The property sits on a 6,046 sqft lot, providing ample outdoor space that is above average citywide. With an assessed value of $434k, it sits above the street and neighborhood averages, indicating a perception of solid value relative to its immediate peers.
The appeal here is one of above-average space and a premium position on a desirable street. It suits buyers looking for a roomy, established home in a mature neighborhood, who prioritize interior square footage over a brand-new build. A thoughtful perspective is that while the home excels within its micro-location (the street), it becomes more "average" when zooming out to the whole city. This can be a positive, indicating you're buying into a strong, consistent area without an inflated city-wide premium.
Frequently Asked Questions
1. How does the living area compare to newer homes?
At 1,824 sqft, the living space is substantially larger than the Winnipeg average for comparable homes (1,342 sqft). You are likely getting more interior room than many newer builds in this price range, though the layout and style will reflect its 1978 vintage.
2. Is the assessed value a reliable indicator of the property tax?
The $434k assessment is the city's valuation for tax purposes. While property taxes are calculated using this figure, the final sale price may differ. The assessment does show the home is valued higher than most on its street, which can be a marker of desirability.
3. What does the "Top 5%" street ranking for living area actually mean?
It means that out of 305 comparable homes on Chancellor Drive, only 16 have a larger living area. This is a significant advantage on its own street, suggesting the home was built larger than its original neighbors or has been thoughtfully expanded.
4. The lot size ranking seems average. Should I be concerned?
Not at all. The lot is above the city average. The "average" ranking on the street and in the neighborhood simply means the lot is typical for Waverley Heights—a stable, established area where lot sizes are generally consistent and generous.
5. Does being built in 1978 mean there will be major updates needed?
The year built is typical for the area. While systems like the roof, windows, and HVAC may be due for updates or replacement based on their specific age and maintenance history, the data suggests the home is in line with the neighborhood's character and lifecycle. A thorough inspection is always recommended.