Property Overview
This home at 1707 Chancellor Drive in Waverley Heights presents a balanced offering with one standout feature. Its living space of 1,067 sq ft is practical and aligns closely with the averages for both the street and the wider Winnipeg area. Built in 1974, it is typical for its neighbourhood, suggesting a well-established streetscape. The municipal tax assessment is also in line with local norms. The property’s primary advantage is its generous 6,936 sq ft lot, which is significantly larger than most on its street and in the community, offering ample outdoor space and potential.
The appeal here lies in securing a home with a substantial yard in a mature neighbourhood, without a premium price tag reflected in its assessment. It suits first-time buyers or downsizers looking for a manageable interior size paired with valuable outdoor room for gardening, play, or future expansion. It’s a pragmatic choice for those who value land over a large footprint, in a setting where home values are consistent and predictable.
Frequently Asked Questions
1. Is the living space smaller than average?
While the home’s interior is slightly below the Waverley Heights average, it is very close to the average for Chancellor Drive itself and is a typical size for many Winnipeg homes. It represents a efficient, manageable layout.
2. What does the above-average land size mean for me?
The lot is over 1,500 sq ft larger than the street average, offering more privacy, space for sheds or decks, and room for landscaping. It’s a feature that adds long-term value and flexibility that is harder to find in newer subdivisions.
3. How might the 1974 build year affect the home?
As a home from the 1970s, buyers should budget for updates to major aging components like the roof, windows, or furnace. A thorough inspection is essential. On the positive side, homes of this era often feature solid construction and simpler, functional layouts.
4. The tax assessment seems average. Is that good?
Yes. An assessment that aligns closely with neighbourhood averages suggests the property is fairly valued by the city, not over-assessed, and is in a stable area without extreme valuation swings. It provides a reliable benchmark.
5. Who would this property not suit as well?
Buyers seeking a modern, move-in-ready home with no renovation projects, or those who prioritize a large interior floor plan over outdoor space, might find better options elsewhere. It’s ideal for those who see potential in the land and a solid, classic home.