Property score
66.9
Good
Overall 66.9 · Older than most nearby homes
1,076 sqft (bottom 34%) · Built in 1976 (2 yrs older than avg)
Located in a above-average income area with median household income of ~73k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 57%Chinese · 9%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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66.9 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: #46110973
$73K
Median household income
$83K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
22%
Single-person households
28%
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
1397 Chancellor Drive — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 437 m), 1 parks (nearest 365 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 | Top 46% | Top 46% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1397 Chancellor Drive, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1976-built bungalow presents a solid, grounded opportunity in the established Waverley Heights neighborhood. With 1,076 sqft of living space, the home sits comfortably around the average for its street, neighborhood, and city, indicating a manageable size that’s neither overly compact nor sprawling. Its primary standout feature is the 6,047 sqft lot, which is notably larger than most on Chancellor Drive and in Waverley Heights, offering valuable outdoor space and potential.
The appeal here is one of balance and practicality. The assessed value of $356k sits below the local averages for the street and neighborhood, which could signal a more accessible entry point into the area. This creates a profile of a home that offers a desirable lot size without a premium price tag attached to its living space. It would suit first-time buyers or downsizers looking for a low-maintenance bungalow layout in a mature community, as well as value-conscious buyers who prioritize land size over a recently built or extensively renovated interior. A thoughtful perspective is that this property may represent the "bones" of a home—a larger lot in a stable area where future equity could be built through thoughtful updates over time.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home’s current valuation relative to others in the immediate area. It can indicate a more affordable purchase price and potentially a different assessment trajectory than surrounding homes.
2. What does the lot size mean for me?
At over 6,000 sqft, the lot is a key asset. It provides more private outdoor space than many neighboring properties, which is ideal for gardening, recreation, or future additions like a shed or deck. This is a feature that is difficult to add to a property later.
3. As a 1976 build, what should I expect?
Homes from this era may have original components nearing the end of their service life, such as windows, roofing, or major mechanical systems. A thorough inspection is essential to budget for any necessary updates or maintenance.
4. How does this home compare to the Winnipeg market overall?
City-wide, this home is very average in living space and assessed value, but its lot size is above average. This highlights that its strengths are specific to its local context rather than the broader city market.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those who prioritize a large interior square footage over yard space may find other properties more aligned with their needs. It’s best for those comfortable with a home that may require personalization.
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