Property Overview: 1619 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974-built home on Chancellor Drive presents a balanced and practical offering in Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in its generous, above-average lot size of nearly 6,900 sqft, providing substantial outdoor space that ranks within the top 25% of the community. This is a significant asset for those valuing room for gardens, play, or future additions.
The living space (1,176 sqft) and municipal tax assessment (~$383,000) are consistently "close to average" when compared to the street, neighborhood, and city, indicating a home that is typical in size and municipal valuation for the area. The build year is older than most on its specific street, suggesting a property with established character, though potential buyers should be mindful of the age-related updates typical for a home of this era.
This property would best suit pragmatic buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize land value and location over a modern or recently built structure. It’s for someone who sees the larger lot as a canvas for outdoor living or a long-term asset, and who is comfortable with a home that may require thoughtful, incremental updates. Its metrics suggest it’s not an outlier in price or size, offering a stable entry into a established neighborhood without premium pricing for extra square footage indoors.
Section 2: Frequently Asked Questions
1. What does "close to average" for the tax assessment actually mean?
It means the city’s assessed value for this property is very typical, falling near the median when compared to similar homes on Chancellor Drive, in Waverley Heights, and across Winnipeg. It suggests the property is not over- or under-assessed relative to its core characteristics.
2. The home is noted as older than most on the street. Should I be concerned?
Not necessarily, but it’s a key consideration. It indicates this home is among the earlier builds on the block. A thorough inspection is essential to understand the condition of major age-sensitive components like the roof, windows, plumbing, and electrical systems.
3. How significant is the larger lot size in practice?
It’s a standout feature. The lot is approximately 24% larger than the street average. This translates to more private outdoor space, potential for landscaping projects, and possibly more flexibility for additions like a shed or deck, compared to neighboring properties.
4. Who determines these rankings and what are they based on?
The rankings are generated from available municipal and sales data, comparing this home’s specific metrics (like square footage or assessed value) against all other similar, comparable properties within the defined geographic area (street, community, or city).
5. The living space is close to average. Will it feel cramped?
At 1,176 sqft, it is slightly below the citywide average for comparable homes. The feel will depend greatly on the floor plan’s efficiency. It may be very comfortable for individuals, couples, or small families, but viewing the layout in person is crucial to gauge space and flow.