Property Overview: 1702 Chancellor Drive, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This home presents a balanced offering of space and value within the established Waverley Heights neighborhood. Its key appeal lies in its above-average living space (1,262 sq ft) for both its immediate street and the wider community, providing more room than many comparable local homes. The lot size (6,048 sq ft) is also a significant asset, ranking well above the street and neighborhood average, offering ample outdoor space and potential.

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 type and area, without significant premium or discount. Built in 1974, the home is typical for its immediate area but is slightly older than most on its street. This indicates a well-established streetscape but also suggests buyers should be mindful of the potential for updates common to homes of this era.

This property would suit buyers looking for a spacious family home on a generous lot in a mature neighborhood, who appreciate value that aligns with area norms. It’s a practical choice for those who prioritize indoor and outdoor space over a newer build date and are comfortable with a home that may benefit from personalization or phased updates.

Frequently Asked Questions

1. How does this home’s size truly compare to its neighbors?
The living area is notably larger than most homes on Chancellor Drive itself (ranking in the top 25%) and is close to the average for the broader Waverley Heights community. You’re getting more interior space than the typical house on this specific street.

2. Is the property tax assessment likely to be higher than similar homes?
The assessed value is very close to the average for the street, the neighborhood, and the entire city. This suggests the tax burden should be predictable and in line with what you’d expect for a property of this type in Winnipeg.

3. What does the 1974 build year imply for a buyer?
While the home fits the character of the area, it is older than over 80% of homes on its street. This doesn’t necessarily indicate condition, but it’s a clear signal to pay close attention to the age and state of major systems like roofing, plumbing, and windows during an inspection.

4. Is the lot size a standout feature?
Yes, particularly on its own street. The lot ranks in the top 30% on Chancellor Drive, meaning it offers more yard space than most properties directly around it. This is a less obvious advantage that provides more privacy and room for outdoor activities or gardening.

5. How should I interpret the ranking data?
The rankings show how this home stacks up in specific categories against defined groups. For example, a high rank in living area means it’s larger than most in that group. The data is most useful for understanding the home’s relative strengths (like lot size on its street) versus its more average aspects (like assessed value). It helps identify what truly stands out locally.