Property score
73.5
Good
Overall 73.5 · Newer than most nearby homes
1,120 sqft (bottom 44%) · 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
10% 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)
627
415k
$333/sqft
1978
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73.5 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
1414 Chancellor Drive — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 367 m), 1 parks (nearest 339 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 37% | Top 36% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1414 Chancellor Drive, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This well-situated home on Chancellor Drive presents a compelling blend of established value and above-average positioning within its immediate area. Built in 1978, the property is newer than most comparable homes on its street and in Winnipeg overall, suggesting potentially fewer concerns with aging infrastructure. With 1,120 sqft of living space, the home is functionally sized and aligns closely with the averages for its street and neighborhood, though it offers a more efficient footprint compared to the broader city average.
The primary appeal lies in its strong value proposition. The assessed value of $454k is notably above average for Chancellor Drive, ranking in the top 8% of the street. This indicates that the property is perceived as a premium offering in its direct locale, a status reinforced by its larger-than-average lot size of over 6,000 sqft on the street. The appeal is one of quality-over-quantity: a home that may offer superior finishes, condition, or layout relative to its neighbors, on a generous parcel of land.
This property would suit a buyer looking for a move-in ready home in an established neighborhood, who values a strong standing within a specific community over simply having the most square footage. It’s ideal for someone who appreciates outdoor space and recognizes the long-term value of a lot that stands out on the block. It’s a smart choice for the buyer who interprets a higher assessment not just as a tax implication, but as a marker of recognized desirability and investment in the home's condition.
Frequently Asked Questions
Q: The living area is slightly below the street average. Does this mean the house is small?
A: Not necessarily. At 1,120 sqft, it is very close to the neighborhood average and provides ample space for a typical household. The "around average" ranking suggests its size is the norm for the area. The value and lot size rankings imply the home may offer better quality or layout rather than maximum square footage.
Q: Why is the assessed value so much higher than the area averages?
A: The assessed value reflects the municipal valuation for tax purposes, considering factors like lot size, building age, condition, improvements, and recent sales. Its top 8% ranking on the street suggests specific attributes—like its newer construction date for the street, larger lot, or superior upgrades—that set it apart from direct neighbors.
Q: What does the "newer than average" year built actually mean for me?
A: Built in 1978, this home is newer than many on its street and in the city. Practically, this can mean updated electrical systems (like aluminum wiring being less likely), modern plumbing, and building techniques that may reduce the need for near-term major system overhauls common in older homes.
Q: The lot size is above average for the street but around average for the neighborhood. How should I view this?
A: This is a positive. You are getting a larger outdoor space than most of your immediate neighbors on Chancellor Drive, which adds privacy, potential for landscaping, and value. That it aligns with the wider neighborhood average confirms it's a solid, standard lot for Waverley Heights overall.
Q: How should I interpret all these "Top X%" rankings?
A: They show how this property compares to similar homes in different circles. Crucially, it performs best on its own street (high rankings for value, year built, and lot size), indicating it's a standout property in its most direct competitive set—where you actually live. This often translates to stronger resale appeal within the community.
