1408 Chancellor Drive

Waverley Heights, Winnipeg

Property score

75.6

Good

Overall 75.6 · Newer than most nearby homes

1,210 sqft (top 38%) · Built in 1978

Located in a high-income area with median household income of ~105k

Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby

Living Area

Near average

2% smaller than neighborhood avg.

Year Built

Above average

0 yrs newer than neighborhood avg.

Mother tongue

English · 65%Punjabi · 9%

Past 10 years Waverley Heights sales snapshot (~80% of all data)

Sold Count

627

Median price

415k

$/sqft

$333/sqft

Avg build year

1978

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Property score

75.6 is composed by the two sections below.

Property Score

68.1Good
Living Area66
1,210 sqftGood
Year Built67
1978Good
Lot Size81
6,030 sqftExcellent
Neighbourhood Sales Activity59
Fair

Community Score

86.9Excellent
Household Income87
Excellent
Education Level100
Excellent
Housing Stress74
Good
Core Housing Need100
Excellent
Employment Health60
Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110974

Community deep dive

$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

Population, labour & age

Population (2021)408
Labour force participation rate66%
Median age38.4
Avg household size2.9
Unemployment rate11%
Population density3709 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households14%
Couple families with children39%
Median household income (2020)$105K

Housing

Renter households14%
Condominium dwellings0%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)35%
Visible minority34%
Bachelor's or higher (25–64)63%
Mother tongue (1st)English · 65%
Mother tongue (2nd)Punjabi · 8%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,210 sqft
0255075100
Same streetTop 32%Same areaTop 38%CitywideTop 49%
Same street · Chancellor Drive
#98 / 305
Top 32% · Avg 1,220 sqft
Same area · Waverley Heights
#623 / 1,633
Top 38% · Avg 1,239 sqft
Citywide · Winnipeg
#95,616 / 194,458
Top 49% · Avg 1,342 sqft

Tax-Assessed Value

above average
424k
0255075100
Same streetTop 17%Same areaTop 33%CitywideTop 33%
Same street · Chancellor Drive
#53 / 305
Top 17% · Avg 389.8k
Same area · Waverley Heights
#531 / 1,633
Top 33% · Avg 398.1k
Citywide · Winnipeg
#64,309 / 194,458
Top 33% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 6%Same areaTop 18%CitywideTop 35%

Lot Size

around average
6,030 sqft
0255075100
Same streetTop 36%Same areaTop 48%CitywideTop 31%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

1408 Chancellor Drive — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 372 m), 1 parks (nearest 331 m).

Search radius
🏫Education1
🌳Parks1
Worship1

Crime & Safety

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%

Sales History

1408 Chancellor Drive: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 1408 Chancellor Drive, Winnipeg

Property Overview & Key Characteristics

This well-maintained one-storey home in Waverley Heights offers a classic, low-maintenance layout on a generous 6,030 sqft lot. Built in 1978, its key appeal lies in its balance of established neighbourhood charm and practical updates, most notably a renovated basement that adds valuable finished living space. With 1,210 sqft of living area and an attached garage, the home provides comfortable, single-level living.

The property’s strength is reflected in its comparative rankings: it sits in the top third of its street for lot size and the top 15% for assessed value, suggesting it is a well-regarded home in its immediate area. Its appeal is grounded in being a solid, move-in-ready property in a mature neighbourhood with larger-than-average lots. It would suit first-time buyers seeking space and stability, downsizers looking for a manageable single-level layout without sacrificing yard size, or practical investors attracted by a home with recent renovations in a consistent area.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified via a viewing or disclosure statement, a renovated basement in a home of this era often means a finished recreational space, possibly with a bathroom or laundry area, adding functional square footage beyond the main floor living area.

2. How does the assessed value relate to the listing price?
The assessed value ($42,400) is for municipal tax purposes and is typically lower than current market value. It is a useful benchmark showing this home is valued highly compared to its neighbours, but the listing price will be determined by recent sales of comparable properties and current market conditions.

3. Is the larger lot size a major advantage?
Yes. A lot size ranking in the top 64% on its street is a significant asset. It provides more outdoor space for gardening, recreation, or future expansion (like a deck or shed) than many nearby properties, which is a premium in mature neighbourhoods.

4. The home is 48 years old. What should I be mindful of?
While the renovated basement is a plus, a prudent buyer will pay special attention to the condition of major original components common for the age, such as the roof, windows, plumbing, and electrical systems, to understand any future maintenance priorities.

5. Who are the typical neighbours or residents in Waverley Heights?
Waverley Heights is a long-established, stable neighbourhood. It often attracts a mix of long-term residents, families appreciating the proximity to schools and parks, and those seeking a quiet, residential area with good access to major routes like Bishop Grandin Boulevard.