Property Overview: 1711 Chancellor Drive, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a compelling mix of space, location, and value within Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in its generous land size—a 6,929 sqft lot that ranks within the top 11% on its own street and top 18% city-wide—offering ample outdoor space and potential that is increasingly rare. The living area (1,262 sqft) is comfortably above average for the immediate area, providing practical room for a family.

A thoughtful perspective is its value proposition as indicated by the tax assessment. With an assessed value significantly above local averages (top 11% on the street, top 29% city-wide), the property is positioned as a premium offering on Chancellor Drive, suggesting desirable attributes or upgrades that are recognized municipally. Built in 1974, it is older than most in its specific community, which may appeal to buyers who appreciate established neighborhoods with mature landscaping, but it also implies a well-maintained or updated home is essential.

This home would best suit buyers prioritizing lot size and established community character over a brand-new build. It’s ideal for a family seeking space for children or gardening, or for someone valuing a solid, above-average footprint in a convenient south Winnipeg location. The strong assessment also indicates it’s a property for buyers with an eye on longer-term value retention in a stable area.

Section 2: Frequently Asked Questions

1. How does the 1974 build year affect the home?
While older than many homes in Waverley Heights, the city-wide comparison shows it’s close to the Winnipeg average. This typically means systems like roofing, windows, plumbing, and electrical may have been updated. A thorough inspection is key to understanding the condition and any modernizations.

2. The tax assessment is high relative to the area. What does this mean?
A higher assessment value often reflects desirable features, additions, or quality upgrades that the city recognizes for taxation purposes. It can indicate a well-maintained or improved property, but it also directly influences your annual property tax bill, which will be higher than on a home with an average assessment on the same street.

3. Is the living space sufficient for a growing family?
At 1,262 sqft, the living area is above the local street and neighborhood averages. This suggests a comfortable size for a typical family, but the specific layout and number of bedrooms/bathrooms (details to be confirmed in the full listing) will be the deciding factors.

4. What are the advantages of such a large lot?
The nearly 7,000 sqft lot offers significant outdoor space for recreation, gardening, or future additions like a deck, shed, or even an extension (subject to zoning). It provides more privacy and a greater sense of openness than smaller, newer lots in the area.

5. How does this property truly compare to others nearby?
The data shows a home with a clear strength in lot size and assessed value. While the floorplan is spacious for the street, the build date is less recent. This creates a profile of a property that trades the latest build year for more land and recognized value—a classic trade-off that depends on a buyer’s personal priorities.