Property score
63.0
Fair
Overall 63.0 · Smaller but newer than most nearby homes
1,035 sqft (bottom 24%) · Built in 1978
Located in a above-average income area with median household income of ~73k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 3 parks nearby
Living Area
Below average
16% smaller 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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63.0 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
1505 Chancellor Drive — 9 amenities found within 500 m, across 7 categories, including 1 education (nearest 127 m), 1 healthcare (nearest 485 m), 1 shopping (nearest 431 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 14% | Bottom 21% | Bottom 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 24% | Bottom 26% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 1505 Chancellor Drive in Waverley Heights presents a practical opportunity in a well-established neighborhood. Its key appeal lies in offering a balance of entry-level affordability and a home that is notably newer than many in the immediate area. Built in 1978, it ranks in the top 6% for age on its street, suggesting potentially fewer immediate concerns with outdated major systems compared to older peers. With 1,035 sqft of living space and a lot just under 3,300 sqft, the property is compact, resulting in municipal assessments and taxes that are below the local area averages. This combination suits first-time buyers or downsizers seeking a lower-maintenance footprint without venturing into a condo, and investors looking for a manageable rental property in a stable community. A thoughtful perspective is that the smaller lot size, while not offering expansive yard space, translates to less upkeep and lower landscaping costs, which can be a hidden benefit for those prioritizing simplicity and free time.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on municipal assessment data, both the home's assessed value and its living space are below the street's average. This typically indicates a more affordable entry point into the neighborhood, which could be appealing for budget-conscious buyers.
2. The lot seems smaller than average. What does that mean for me?
The land area is significantly smaller than the typical lot on Chancellor Drive and in Waverley Heights. This means less outdoor maintenance and lower potential landscaping costs, but also limited space for additions, large gardens, or extensive outdoor recreation.
3. The home was built in 1978. Should I be concerned about its age?
While any home of this age will require diligent maintenance, the data shows this property is actually newer than most on its specific street (ranking in the top 6%). This relative advantage may mean major components like roofing, windows, or wiring could be in a later stage of their lifecycle compared to older neighboring homes.
4. How do the property taxes for this home likely compare?
The assessment value used for calculating taxes is below the averages for both the street and the wider community. This suggests that the property tax burden should be proportionally lower than for many comparable homes in the area, which is a key factor in ongoing affordability.
5. Who would this property suit best?
This home is well-suited for first-time buyers seeking an affordable starter home in an established area, or for empty-nesters looking to downsize into a manageable, single-family property without the upkeep of a larger lot. Its profile may also attract investors seeking a residential rental with a potentially favorable ratio of costs to rental income.
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