Property score
71.2
Good
Overall 71.2 · Newer than most nearby homes
1,248 sqft (top 36%) · Built in 1978
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, 2 parks, and 2 place of worships nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
0 yrs newer 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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71.2 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
1481 Chancellor Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 206 m), 2 parks (nearest 346 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 39% | Top 41% | Top 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1481 Chancellor Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1481 Chancellor Drive presents a balanced offering in Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in providing above-average living space at a below-average property tax assessment value within its immediate area.
The 1,248 sqft residence is notably spacious for Chancellor Drive, ranking in the top 30% of homes on the street. Built in 1978, it is newer than many comparable homes in both the street and the wider community. The lot size of 5,826 sqft is consistent with local norms. A standout characteristic is its property tax assessment of $354,000, which is meaningfully lower than the averages for both Chancellor Drive ($390,000) and Waverley Heights ($398,000). This suggests the potential for relatively lower property taxes, a significant and ongoing cost consideration.
This property would suit practical buyers looking for value and space in an established neighborhood. It’s ideal for those who prioritize more interior square footage over having the largest lot or the newest home on the block. The data indicates it’s a sensible choice for families or long-term owners who appreciate a home that is well-sized for its street while carrying a tax assessment that doesn’t premium for its location. It represents a grounded opportunity to acquire a home with solid fundamentals without paying at the top of the local market.
Section 2: Frequently Asked Questions
1. What does the tax assessment ranking actually mean for me?
The assessment of $354,000 is lower than 79% of homes on Chancellor Drive. While not a direct predictor of your final tax bill, a lower assessment is typically a positive factor that can contribute to lower annual property taxes compared to similar-sized homes on the same street.
2. The home was built in 1978. Should I be concerned about major updates?
The 1978 build year ranks in the top 6% for newness on its street, meaning it’s actually one of the newer homes in the immediate vicinity. However, as with any home over 40 years old, the condition and updates to key systems (roof, windows, HVAC, plumbing) will be more important than the build year itself and should be verified during an inspection.
3. How does the living space compare to the typical Winnipeg home?
At 1,248 sqft, the living area is very close to the Winnipeg average of 1,342 sqft. Its strength is more localized: it offers more space than 70% of the homes directly on Chancellor Drive, making it a roomier option within its specific neighborhood context.
4. Is the lot size a pro or a con?
The lot is slightly larger than the average for Chancellor Drive but slightly smaller than the average for Waverley Heights. It’s a standard, manageable size for the area—not a sprawling estate, but also not cramped. It suits buyers who want a decent outdoor space without the high maintenance of a very large yard.
5. What is the main takeaway from all these rankings?
The data paints a picture of a home that offers a competitive combination: it’s spacious for its street and newer than most neighbors, yet carries a lower-than-street-average tax assessment. This creates a value proposition where you may get more interior space per tax dollar compared to other homes on Chancellor Drive.
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