Property Overview
110 Costello Drive is a spacious two-storey home in Winnipeg's Crestview neighbourhood, built in 1972. Its primary appeal lies in its significant size, both in living space and land area, which ranks it among the elite properties in its immediate area. The home features 1,634 sqft of living area, an attached garage, and a renovated basement, situated on a large 7,145 sqft lot. With an assessed value of $430,000, it presents a substantial property within its local context.
This home is ideally suited for buyers who prioritize space and established neighbourhoods over brand-new construction. It would fit a growing family needing room to expand, or someone looking for a property with a larger-than-average yard in a mature area. Its top-tier rankings on its street and in Crestview suggest it's a standout, well-maintained property in a community of mostly smaller, older homes, offering a sense of privacy and room that can be hard to find in similar locales.
Frequently Asked Questions
What does it mean that the home ranks in the "top 2-5%" for most metrics on its street?
This indicates that compared to its direct neighbours on Costello Drive, this home is larger, sits on a larger lot, and has a higher assessed value than the vast majority of homes nearby. It is a standout property on its own block.
The home was last sold in March 2020 for $350,000, but is now assessed at $430,000. Is this a major price increase?
While the assessed value has increased, it's important to note that the 2020 sale price was likely below market value at the time, as seen in the "For reference" sales on the same street. The current assessment brings it in line with comparable properties city-wide and reflects the substantial size of the home and lot.
Is the renovated basement included in the 1,634 sqft living area?
Typically, above-grade square footage (the main and upper floors) and below-grade (the basement) are reported separately in listings. The 1,634 sqft likely refers to the above-grade living area, with the renovated basement providing additional finished space not reflected in that primary number.
The home is described as "around average" city-wide for assessed value. Does that mean it's not special?
Quite the opposite. This shows you are getting a property that ranks as elite within its desirable local area (Crestview and Costello Drive) for a price that is aligned with the broader Winnipeg average. It suggests strong value for a premium property in its specific neighbourhood context.
What is the significance of the large 7,145 sqft lot?
This is a key feature. The lot size is over 40% larger than the average on Costello Drive and provides significant outdoor space for gardening, recreation, or future additions like a deck or shed. It offers a level of privacy and potential that is uncommon for the area.