Property Overview
57 Costello Drive presents a solid, renovated two-storey home in the established Crestview neighbourhood. Built in 1972, its key appeal lies in its balance of a generous, well-sized lot and a recently updated basement, offering immediate livability and future potential. The home sits on a 3,059 sqft lot, which ranks in the top 2% for size within the entire neighbourhood, providing ample outdoor space—a notable asset in a mature area. With 1,100 sqft of living space, the house itself is comfortably sized, and the renovated basement adds valuable finished area.
The property’s assessed value is notably lower than several comparable listings in the area, which may indicate room for value growth or simply a more accessible entry point into a desirable community. Its appeal is grounded in practicality: it suits first-time buyers looking for a move-in-ready home with a great yard, or investors seeking a property with strong land value in a consistently popular neighbourhood. A thoughtful perspective is that while the house is older, its lot size is a permanent advantage that newer subdivisions often can't match, offering long-term utility and privacy.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 3,059 sqft lot is a significant feature, ranking in the top 2% for size within the Crestview neighbourhood. This is considerably larger than many nearby properties and is a key differentiator.
2. What does "renovated basement" typically include?
While specific finishes aren't detailed here, a renovated basement in a home of this era generally means updated flooring, drywall, and lighting, creating a finished living, recreational, or utility space. Confirming the scope, permits, and moisture control is always advised.
3. The assessed value seems lower than some comparables. Why?
Municipal assessed value for taxation doesn't always equal market value. A lower assessment can be influenced by many factors, including recent sales in the area and the specific condition of the home at the time of assessment. It often represents a favourable tax position for the buyer.
4. Is there potential for future expansion or renovation?
The large lot size provides a distinct advantage for potential future expansions, like an addition or a garage, subject to local zoning bylaws. The existing renovated basement may also limit the need for immediate major interior projects.
5. What is the neighbourhood character like?
Crestview is a mature, established neighbourhood with a mix of well-kept original homes and renovated properties. The high ranking for lot size on this street suggests a spacious, less densely packed feel compared to other parts of the area.