Property Overview: 1654 Chancellor Drive
Key Characteristics & Appeal
This home on Chancellor Drive in Waverley Heights presents a solid, middle-of-the-road opportunity in the Winnipeg market. Its primary appeal lies in its balance and established setting. The 1,262 sqft living space is notably above the average for its immediate street, offering more room than many direct neighbors. The lot size of 6,005 sqft is also generous for the area, providing good outdoor space.
The data reveals a nuanced position: while the home's size and lot are competitive, it is an older property on the street, built in 1974. This suggests it may be one of the original homes in the area, potentially sitting on a mature lot with well-established landscaping. Its assessed value aligns very closely with local averages at all levels, indicating the market views it fairly and without significant premium or discount.
This property would suit a practical buyer looking for a stable, no-surprises entry into a mature neighborhood. It’s ideal for someone who values space over a newer build and appreciates a home that is priced in line with its community, avoiding the premium often attached to fully renovated or newly built homes. It represents a classic "blank canvas" opportunity—a structurally sound home from the 1970s where value can be added through personal updates over time.
Frequently Asked Questions
Q: How does this home really compare to others in the area?
A: The data shows a mix. You get more living space than the typical home on Chancellor Drive, and a larger lot than most in the Waverley Heights neighborhood. However, it's an older build on the street, which is reflected in its assessment ranking for year built.
Q: Is the assessed value a good indicator of the likely selling price?
A: The assessed value of $392k is remarkably consistent with averages on the street, in the neighborhood, and across Winnipeg. This strong alignment suggests it's a reliable benchmark, though market conditions and the home's specific condition will ultimately determine the sale price.
Q: What does the "older" build year practically mean for me?
A: Built in 1974, this home is likely one of the originals in its part of the street. This can mean mature trees and a settled streetscape, but also that major components like the roof, windows, or mechanical systems may be at or beyond their typical lifespan and should be carefully inspected.
Q: Who would this property NOT be a good fit for?
A: It may not suit buyers seeking a modern, move-in-ready home without any projects, or those specifically looking for the newest construction in a subdivision. The value here is in the space and location, not in contemporary finishes or features.
Q: The rankings show "Top 44%" citywide for living area. Is that good?
A: Interestingly, yes. It means that for its type across all of Winnipeg, this home has more living space than 44% of comparable properties. It’s physically larger than a significant portion of the market, which is a subtle advantage not always apparent from the square footage alone.