Property Overview
This home at 1599 Chancellor Drive in Winnipeg's Waverley Heights neighborhood presents a balanced offering centered on space and value. Its key appeal lies in a generous, above-average lot size of over 7,600 sq ft, placing it in the top 6% on its own street and offering significant outdoor potential compared to local norms. The living space of 1,072 sq ft is comfortably close to the neighborhood average, providing adequate room without being excessive.
Built in 1974, the house is typical for its area but slightly older than many immediate neighbors, suggesting a well-established streetscape. The municipal tax assessment of approximately $367,000 is slightly below the averages for both the street and the wider city, indicating a potentially favorable tax position relative to perceived value.
This property would suit a practical buyer looking for a solid foundation—perhaps a first-time homeowner or a downsizer who prioritizes yard space over a massive interior. It’s for someone who sees value in a home that doesn’t stand out for extreme size or newness, but offers a larger-than-typical lot in a mature community, with the understanding that updates may be part of the journey.
Frequently Asked Questions
1. What does the ranking data actually tell me about this home?
The rankings compare this property against others on its street, in Waverley Heights, and across all of Winnipeg. They show its strengths (a very large lot) and where it’s more typical (living space, age). Essentially, you're getting a bigger yard than most, while the house itself is average for the area in size and value.
2. Is the 1974 build year a concern?
It’s a factor to consider, as it places the home in the older third of houses in Waverley Heights. This typically means systems like roofing, windows, or plumbing may be due for updates or have been recently modernized. A thorough inspection is key to understanding its current condition.
3. The tax assessment is below some averages. Is that good?
It can be. A lower assessment relative to similar homes on the street could mean slightly lower property taxes. However, it’s important to distinguish the city's assessment for tax purposes from the current market value, which is determined by buyer demand.
4. Who would benefit most from the large lot?
Beyond gardeners or those wanting space for a patio or play set, the lot size offers long-term flexibility. It could accommodate a future addition, a sizable garage or workshop, or simply provides more privacy and distance from neighbors than is common in the area.
5. How does this home fit into the Waverley Heights community?
The data suggests it’s a very representative home for the neighborhood in terms of size and value, but on a better-than-average parcel of land. You’re buying into a mature, established area where this property’s footprint is actually an asset compared to its peers.