Property score
65.4
Good
Overall 65.4 · Newer than most nearby homes
1,152 sqft (top 49%) · Built in 1978
Located in a high-income area with median household income of ~97k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 1 school, 3 healthcare facilitys, and 2 shops nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 50%Punjabi · 13%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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65.4 is composed by the two sections below.
Property Score
Community Score
Waverley Heights
How to read: Share of sales in each ~$50k price band for “waverley heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110980
$97K
Median household income
$107K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
10%
Single-person households
31%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1016 Chancellor Drive — 14 amenities found within 500 m, across 6 categories, including 6 dining (nearest 398 m), 1 education (nearest 394 m), 3 healthcare (nearest 313 m).
Waverley Heights · WPS public data · 2026
Annual incidents
14
2026
vs. city avg
-53%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 6% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1016 Chancellor Drive, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1978 home on Chancellor Drive presents a distinct value proposition within the established Waverley Heights neighborhood. Its key appeal lies in its significantly below-average assessed value of $295k, which ranks in the top 5-10% of homes on its street and in the wider neighborhood for affordability. This is paired with a living area (1,152 sqft) that is very much in line with local and city averages, offering functional space without a premium price tag.
The property is notably one of the newer builds on its street (top 6%), suggesting potentially fewer concerns with the age of major components compared to immediate neighbors. However, the lot size is compact at 2,251 sqft, which is substantially smaller than area norms. This creates a low-maintenance yard—a clear advantage for those seeking minimal outdoor upkeep—but limits private outdoor space.
This home would best suit pragmatic first-time buyers or downsizers who prioritize financial accessibility and a manageable property within a mature neighborhood. It’s for those who value interior space over land, and who see the below-average valuation as a strategic entry point into the market or a chance to invest in updates over time.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the property’s compact lot size and modest valuation relative to its immediate area. It can represent a value opportunity, but buyers should still conduct thorough inspections to understand the home’s condition.
2. Who would appreciate the small lot size?
Buyers seeking a "lock-and-leave" lifestyle with minimal yard work, or those who prefer to spend their time in community parks rather than maintaining a large private garden, will find this a practical fit.
3. How does the year built affect the home?
Being newer than most on the street is generally positive for core systems. However, a 1978 home will still require due diligence for era-specific items like original wiring, plumbing, or insulation standards.
4. What’s the potential here for future value?
The value may be less tied to land appreciation and more to the intrinsic value of the living space and neighborhood. Wise updates to the interior could disproportionately increase its worth relative to its current assessment.
5. Is this a typical home for Waverley Heights?
In terms of living space, yes. In terms of lot size and price, it is atypical. It offers a way to live in the neighborhood with a different set of trade-offs, focusing budget on the home itself rather than the land.
