Property score
72.7
Good
Overall 72.7 · Larger than most nearby homes
1,568 sqft (top 18%) · Built in 1977 (1 yr 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 shop, 3 parks, and 1 fuel station nearby
Living Area
Above average
27% larger than neighborhood avg.
Year Built
Near average
1 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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72.7 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: #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
1497 Chancellor Drive — 7 amenities found within 500 m, across 5 categories, including 1 education (nearest 152 m), 1 shopping (nearest 454 m), 3 parks (nearest 307 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 41% | Bottom 42% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 1497 Chancellor Drive, Waverley Heights, Winnipeg
This home presents a compelling value proposition centered on efficient use of space. Its primary strength is a well-above-average living area (1,568 sq ft) that ranks in the top 15-20% of both its immediate street and the broader Waverley Heights neighborhood. This means you get significantly more interior space than most comparable homes nearby, all within a 1977-built property that is typical for its area.
The appeal lies in this smart balance: generous indoor living space on a smaller, more manageable lot. While the land area is below average for the location, this often translates to less yard maintenance and a more efficient property footprint. The assessed value is notably below the local street and neighborhood averages, suggesting a potentially attractive entry point into a well-established area. This combination suits practical buyers looking for spacious interiors without paying a premium for extensive outdoor space, such as young families, professionals, or downsizers who still want ample room indoors but prefer minimal yard upkeep.
A less obvious perspective is the home’s citywide positioning. While its lot size is smaller than the Winnipeg average, its living space remains competitive, and its assessed value aligns closely with the citywide norm. This indicates the property offers a "Winnipeg-average" price for a home that delivers more interior space than most in its own desirable neighborhood—a subtle but valuable advantage.
1. Is the below-average lot size a major drawback?
Not necessarily. It depends on your lifestyle. The smaller lot requires less maintenance, which can be a benefit for those with busy schedules. The trade-off is that you gain significantly more indoor living space compared to neighbors.
2. Why is the assessed value lower than the street and neighborhood averages?
Assessed value is used for tax purposes and considers factors like lot size, building age, and characteristics. The smaller lot and typical building age likely contribute to this assessment, which may not fully reflect the value of the above-average living area in the current market.
3. What does the "above-average" living area ranking actually mean for daily life?
It means this home offers more interior square footage than approximately 80-85% of similar homes in Waverley Heights. In practical terms, you likely have more room for family areas, home offices, or storage compared to most nearby properties.
4. Are homes from 1977 likely to have specific issues?
Homes from this era are common in the area. While systems like roofing, windows, or the furnace may be due for updates depending on their maintenance history, the construction period is standard for the neighborhood. A thorough home inspection is always recommended.
5. How does this property fit into the wider Winnipeg market?
It sits in a solid middle ground. You are purchasing a home with a truly spacious interior for its immediate area, at a city-average price point, but with the trade-off of a smaller yard. It represents a focused investment in living space over land.
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