Property score
58.2
Fair
Overall 58.2 · Smaller and older than most nearby homes
923 sqft (bottom 13%) · Built in 1974 (4 yrs older than avg)
Located in a above-average income area with median household income of ~64.5k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 8 dining spots, 8 healthcare facilitys, 2 parks, and 1 bank/ATM nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 41%Chinese · 30%
Past 10 years Waverley Heights sales snapshot (~80% of all data)
627
415k
$333/sqft
1978
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58.2 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: #46111254
$65K
Median household income
$81K
Average household income
28%
Low income (LIM-AT)
0.3
Income inequality (Gini)
7.8
P90 / P10 ratio
24%
Single-person households
18%
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
1691 Chancellor Drive — 20 amenities found within 500 m, across 5 categories, including 8 dining (nearest 73 m), 8 healthcare (nearest 311 m), 2 parks (nearest 325 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 22% | Top 26% | Top 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 1691 Chancellor Drive in Waverley Heights presents a distinct value proposition centered on land and location. Built in 1974, its 923 sqft living space is notably below the average for both the street and the wider community, placing it in the smaller tier of area homes. However, this is balanced by a generously sized 6,966 sqft lot, which ranks in the top 10% on its street, offering significant outdoor space. The property’s assessed value for taxes is consistently close to the average across all comparison levels, suggesting it is priced in line with market expectations for its offering.
The appeal here lies in a trade-off: acquiring a larger-than-average lot in an established neighborhood, with the understanding that the house itself is compact and may require updates consistent with its era. It would suit first-time buyers or downsizers seeking a manageable interior footprint without sacrificing yard space, or investors/viewing the property as a land play with a liveable structure. A thoughtful perspective is that a smaller home on a large lot can represent lower ongoing utility and maintenance costs for the interior, while providing ample room for gardening, expansion, or future outdoor living investments.
Frequently Asked Questions
1. Is the house too small compared to others in the area?
Yes, the living space is significantly below the local average. This is a key consideration if interior square footage is a priority, but it also explains part of the accessible price point for the neighborhood.
2. What are the advantages of such a large lot?
The lot is a standout feature, offering privacy, space for recreation, gardens, or potential additions like a shed or deck. In established neighborhoods, large lots are a finite resource and can contribute to long-term value.
3. Does the 1974 build year mean there will be many issues?
While the home is older than most on its street, its build year is close to the citywide average. It would be prudent to have a thorough inspection focusing on era-specific components like original wiring, plumbing, windows, and insulation, which may need updating.
4. The assessed value is described as "close to average." What does that indicate?
It suggests the property is not unusually over- or under-valued by the municipal tax assessor compared to similar homes. It provides a neutral baseline, but the final market price is determined by buyer demand and current conditions.
5. Who might this property not be suitable for?
It may not suit buyers who prioritize modern, open-concept layouts or require multiple large bedrooms. Families needing substantial immediate indoor living space might find it limiting, despite the excellent outdoor area.
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