Property score
62.7
Fair
Overall 62.7 · Smaller than most nearby homes
813 sqft (bottom 4%) · Built in 1977 (1 yr older than avg)
Located in a high-income area with median household income of ~105k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
34% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 65%Punjabi · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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62.7 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: #46110974
$105K
Median household income
$118K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
14%
Single-person households
39%
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
1392 Chancellor Drive — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 393 m), 1 parks (nearest 309 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 26% | Bottom 29% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1392 Chancellor Drive
Key Characteristics & Appeal
This home presents a distinct value proposition within Winnipeg's Waverley Heights neighborhood. Its primary characteristic is a smaller living space (813 sqft) that ranks below average for its street, neighborhood, and city. However, this is balanced by a correspondingly lower assessed value ($353k), which sits comfortably below area averages. The lot size is standard for the street, and the home's 1977 build date is typical for the area.
The appeal lies in its efficiency and entry-point positioning. It suits first-time buyers or downsizers seeking a financially manageable foothold in a well-established neighborhood without a premium for excess space. It’s a practical choice for those who prioritize location and lot ownership over square footage. A less obvious perspective is that a home of this size and value can represent lower ongoing utility costs and less maintenance, offering a simpler, more sustainable lifestyle. It may also attract investors looking for a stable rental property in a mature area, given the strong citywide demand for moderately priced homes.
Frequently Asked Questions
1. Is the below-average living area a concern?
It depends on your needs. The space is efficient and may be perfectly adequate for individuals, couples, or those looking to downsize. It encourages a more minimalist lifestyle and comes with proportionally lower costs.
2. Why is the assessed value lower than the neighborhood average?
The assessed value correlates directly with the home's smaller size and specific characteristics compared to larger homes on the same street and in Waverley Heights. This results in a lower property tax base, which is a key financial advantage.
3. What does the "around average" citywide ranking for value mean?
While the value is below average for its immediate area, it is very close to the overall Winnipeg average ($353k vs. $390.1k). This suggests the home is priced accessibly in the broader market, which can be a positive for future resale to a wide buyer pool.
4. How does the 1977 build date affect the property?
As a home from the late 1970s, buyers should budget for updates consistent with that era, such as windows, roofing, or mechanical systems. However, its age is typical for the neighborhood, and it has likely seen several cycles of maintenance and improvement.
5. Who would this property not suit?
It would likely not meet the needs of growing families requiring multiple bedrooms and larger living areas, or buyers who prioritize modern, open-concept layouts which are harder to achieve in homes of this vintage and size.
