Property Overview
65 Costello Drive is a compact, one-storey home in Winnipeg's Crestview neighbourhood. Built in 1972, its key characteristic is its modest scale, with 720 sqft of living space and a 3,345 sqft lot, both below average for the immediate area and the wider city. The home features a renovated basement and does not include a garage or pool. Its assessed value is notably below city-wide averages. The appeal here is rooted in efficiency and location rather than size. It represents a lower barrier to entry into the housing market, suited for first-time buyers, downsizers, or investors seeking a manageable property. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less maintenance, offering a simpler lifestyle. Its "elite" ranking for year built on its street suggests it is among the newest homes in that specific row, which can be a plus for systems and structure within a very localized context.
Key Details & FAQs
Key Characteristics & Ideal Buyer
This is a practical, no-frills home. Its primary appeal is affordability and a renovated basement, adding functional space to the small main floor. It sits on a modest lot, reducing yard work. The home is ideal for a minimalist, a first-time buyer comfortable with a cozy layout, or an investor looking for a straightforward rental property. It may also suit someone downsizing who wants to stay in the area without the upkeep of a larger property. The data suggests you are paying primarily for the structure and location, not for excess land or square footage.
Frequently Asked Questions
1. Is the price reflective of a "fixer-upper" condition?
Not necessarily. The listing notes a renovated basement, suggesting some updates. The price is more directly reflective of the home's significantly smaller-than-average size and lot dimensions compared to its surroundings.
2. How does the assessed value compare to recent sale prices on the street?
Historical data shows a sale of this home in 2021 for $30.5k and a sale of a nearby, similarly sized home in 2019 for $210k. The current assessed value is $25.8k. This wide variance indicates the importance of obtaining a current market appraisal, as assessments and sale prices can differ greatly.
3. What are the implications of having no garage?
This means all parking will be on the driveway or street. It also reduces storage space, which is a consideration given the home's smaller living area. The renovated basement could help offset some storage needs.
4. The home ranks "elite" for year built on its street. What does that mean?
This statistical ranking means that, compared to the 64 homes on Costello Drive used in the comparison, 65 Costello Drive is the newest or among the very newest. This is a hyper-local positive, suggesting potentially newer major components than its immediate neighbours.
5. Who might this property not suit?
It would likely not suit a growing family needing multiple bedrooms or ample indoor living space, or anyone who requires a large yard, garage, or expects a property at or above neighbourhood averages for size. Buyers seeking a premium lot size or extensive square footage will find better options elsewhere.