Beyond.ca

Registration is free! Car Forums - Member Rides Car Forums - Find other members Car Forums - Calendar Car Forums - Frequently Asked Questions Forum Rules and Regulations Car Forums - Search Logout
Beyond.ca - Car Forums : Powered by vBulletin version 2.3.9 Beyond.ca - Car Forums > Lounge > Real Estate / Finance > help with new condo build


Author
Thread
bowsth
Newbie

Location: calgary
What I drive:
Posts/Day: 0.02
Trader Rating: (2)
User Rating: 99%


help with new condo build quote:

looking at the overture in currie barracks by Jayman

about 600k for 1200sqft 2bed2bath2underground parking.

high end finishing, brand new

vs

downtown waterfront eau Claire by athem

550k for 880sqft 2bed2bath. 1parking. nice dt view, older n lower finishing


just looking to discuss
feel free to share any information if you heard of anything or know of anyone that lives in these condos.

Condos are always hit n miss with the fees like do they have proper reserve fund in place etc... and if its a new build like the overture are there problems? bad heating or bad water pressure, or poorly built things like that?

I'm curios as to what you guys think has more value as being downtown vs currie barracks ?

Report this post | IP: Logged

Old Post 03-21-2017 01:08 AM
bowsth is offline Click Here to See the Profile for bowsth Click here to Send bowsth a Private Message Find more posts by bowsth Edit/Delete Message Reply w/Quote
 
dirtsniffer
Second Gear

Location: Calgary
What I drive: Silverado
Posts/Day: 0.63
Trader Rating: (16)
User Rating: 92%


quote:

880 sqft 2 bedroom is too small. That's all I have.

__________________

Originally posted by ExtraSlow
This thread is great, finally we are mixing the regular hate and intolerance with some actual car talk.


Originally posted by Mar
This cannot be for real, nobody's that stupid. I think this guy is just trying to cause shit.

Report this post | IP: Logged

Old Post 03-21-2017 01:34 AM
dirtsniffer is offline Click Here to See the Profile for dirtsniffer Click here to Send dirtsniffer a Private Message Find more posts by dirtsniffer Edit/Delete Message Reply w/Quote
03ozwhip
Fourth Gear

Location: not calgary
What I drive: changes every year
Posts/Day: 0.98
Trader Rating: (29)
User Rating: 90%


quote:

especially for over 100k more than I paid for a brand new 2 storey walkout with a triple garage. that is nuts.

Report this post | IP: Logged

Old Post 03-21-2017 02:08 AM
03ozwhip is online now Click Here to See the Profile for 03ozwhip Click here to Send 03ozwhip a Private Message Find more posts by 03ozwhip Edit/Delete Message Reply w/Quote
gwill
Neutral

Location: alberta
What I drive:
Posts/Day: 0.12
Trader Rating: (0)
User Rating: 100%


quote:

new construction means you have a lot of unknowns. Builders main goals are to get out of a new build by doing as little as possible. New construction is notorious for over stating the actual square footage so watch for that. Plus side are condo fees are low for a little while, you have a bit of warranty and good variety to pick from.

Plus side to a building thats 2-5 yrs old is that any glaring issues have typically come out. The builder vs condo board battle has susbided and condo fees start to level out to a more normal cost. You have actual documentation on minutes and reserve fund started...

New condos can sometimes delay reserve fund contributions for 3-4 years as the builder holds control and finally turns it over to the condo board. Some people dont mind this but it prevents the reserve from growing early and eventually costs owners in the end.

Report this post | IP: Logged

Old Post 03-21-2017 02:33 AM
gwill is offline Click Here to See the Profile for gwill Click here to Send gwill a Private Message Find more posts by gwill Edit/Delete Message Reply w/Quote
LadyLuck

Location: Calgary Alberta
What I drive: 15 Civic Si
Posts/Day: 0.12
Trader Rating: (16)
User Rating: 100%


quote:

I have a 880 sqft 2 bedroom condo, I live by myself and find it's got plenty of space for one, even for two. Depends what you're into.

__________________

What kind of birdhouse can you build with popsicles, roofies, and a rubber mallet?
"It's for a rare African bird called "none your business."


Originally posted by JRSC00LUDE
If you were straight I'd eat you like a BLT sandwich with extra Bacon. And I fucking LOVE bacon.

Report this post | IP: Logged

Old Post 03-21-2017 02:53 AM
LadyLuck is offline Click Here to See the Profile for LadyLuck Click here to Send LadyLuck a Private Message Find more posts by LadyLuck Edit/Delete Message Reply w/Quote
ShermanEF9
Second Gear

Location: Calgary, Alberta
What I drive: '13 F150 King Ranch, 99 Civic SiR
Posts/Day: 0.40
Trader Rating: (7)
User Rating: 91%


quote:

Originally posted by 03ozwhip
especially for over 100k more than I paid for a brand new 2 storey walkout with a triple garage. that is nuts.



Agreed. why live in a box downtown, when you can live in a box out of downtown for half the price.. or get a beautiful house elsewhere.

__________________

Report this post | IP: Logged

Old Post 03-21-2017 04:00 AM
ShermanEF9 is offline Click Here to See the Profile for ShermanEF9 Click here to Send ShermanEF9 a Private Message Find more posts by ShermanEF9 Edit/Delete Message Reply w/Quote
roopi
Second Gear

Location: Calgary, AB
What I drive:
Posts/Day: 0.31
Trader Rating: (49)
User Rating: 237%


quote:

Originally posted by ShermanEF9


Agreed. why live in a box downtown, when you can live in a box out of downtown for half the price.. or get a beautiful house elsewhere.



There are many reasons to live closer to downtown depending on your lifestyle and where you work. You can't compare the price to some house with a triple car garage which I think isn't even located in the city.

Report this post | IP: Logged

Old Post 03-21-2017 04:34 AM
roopi is offline Click Here to See the Profile for roopi Click here to Send roopi a Private Message Find more posts by roopi Edit/Delete Message Reply w/Quote
npham
First Gear

Location: Calgary
What I drive: 2018 Allroad to replace 2011 A3 TDI, MK7 Golf R
Posts/Day: 0.18
Trader Rating: (18)
User Rating: 100%


quote:

Just hire Jordan, he will sort you out.

Report this post | IP: Logged

Old Post 03-21-2017 05:01 AM
npham is offline Click Here to See the Profile for npham Click here to Send npham a Private Message Find more posts by npham Edit/Delete Message Reply w/Quote
03ozwhip
Fourth Gear

Location: not calgary
What I drive: changes every year
Posts/Day: 0.98
Trader Rating: (29)
User Rating: 90%


quote:

Originally posted by roopi


There are many reasons to live closer to downtown depending on your lifestyle and where you work. You can't compare the price to some house with a triple car garage which I think isn't even located in the city.



sure there are some reasons, but personally even if I was single, I could never justify spending that much on a condo.
look at this...
http://forums.beyond.ca/showthread....743#post4645743

that's at bigger condo, looks really nice and is downtown with city views etc for less than half the price, that's reasonable.

Report this post | IP: Logged

Old Post 03-21-2017 05:14 AM
03ozwhip is online now Click Here to See the Profile for 03ozwhip Click here to Send 03ozwhip a Private Message Find more posts by 03ozwhip Edit/Delete Message Reply w/Quote
TomcoPDR
Slanty Gwai Lo

Location: Calgary
What I drive: Bowtie
Posts/Day: 0.72
Trader Rating: (78)
User Rating: 101%


quote:

If you're at the stage to spend that amount. I think the question you should ask is, what type of lifestyle you're aiming for? As the city grows, I sure as hell believe in location location location; over cheaper further out. (if reasonable money isn't the issue)... Sure it was cool growing up in the suburbs, all ur miniature world revolve around that community, school, activities, friends, low-med entry level work. But as we get old(er), convenience is key (but its convenience FOR YOU, and YOUR family; if both spouses are in med at the South hospital, my vote would be to live in New Brighton, or Mahogany; a country I only venture to once every 2 years or so).

I'm bias against the West for some reason, anything past Elbow (Chinook park, Kingsland)... just don't like Glenmore West, so no comment on currie, I'm sure it's no diff than any other neighbourhood.

But completely different beast than living downtown. Even downtown, I feel has their own little clichés. Beltline, Eau Claire, 10th, Stampede area.

$550k waterfront... unit #1615? lol better value than the 12th, which is painted that grandma pink too

__________________
Updated: January 7, 2017
My list of random For Sale (some free) stuff

Report this post | IP: Logged

Old Post 03-21-2017 05:30 AM
TomcoPDR is offline Click Here to See the Profile for TomcoPDR Click here to Send TomcoPDR a Private Message Find more posts by TomcoPDR Edit/Delete Message Reply w/Quote
JordanLotoski
Forum Sponsor

Location: Beyonds Official Realtor
What I drive: www.jordanlotoski.com
Posts/Day: 0.41
Trader Rating: (7)
User Rating: 99%


quote:

Water front is so tough on the resale market. I have a friend in Overture, Great finishes, location.. Personally I would go with that unit

__________________


Set up your own custom search http://jordanlotoski.com/vow.html/m

https://www.facebook.com/pages/Jord...121848254540668

"BEYONDS OFFICIAL REALTOR"
2008, 2010 MLS MILLION DOLLAR CLUB
Ranked #1 Remax Professionals (2013/2014/2015,2016)
Ranked #26 Re/Max agent in Canada (2013)
Ranked # 56 Re/Max agent Worldwide (2014)
#1 buyers agent - Remax Realty Pros (2013)
Ranked TOP 10 Remax agent in Western Canada(2013/2014/2015)


www.jordanlotoski.com/

Looking for home prices...www.homepricecalgary.com



Call me today to discuss your next Build!!

Report this post | IP: Logged

Old Post 03-21-2017 05:33 AM
JordanLotoski is offline Click Here to See the Profile for JordanLotoski Click here to Send JordanLotoski a Private Message Visit JordanLotoski's homepage! Find more posts by JordanLotoski Edit/Delete Message Reply w/Quote
zhao
Newbie

Location: edmonton
What I drive:
Posts/Day: 0.01
Trader Rating: (0)
User Rating: 100%


quote:

New Condos aren't very good investments imo unless you buy pre-construction for a steal of a deal and sell it when it's built as a quick possession to someone willing to pay a premium for new. This isn't toronto or vancouver where you see condos appreciate in value, and there are almost new condos on the market that are bigger for much less.

Jayman is not a great builder either. Do the math but those sq ft numbers include your balcony too. You're not downtown, you're far from downtown, so what's the point of paying a premium for a condo in that area? I'm guessing they're trying to market it as a luxury condo too, which means it'll be full of amenities that sound great on paper but you'll never use in reality and pay a premium for every month in condo fees. $5 says that jayman condo doesn't appreciate in value.

A quick glance and I'd be looking at these properties over that jayman condo.

https://www.realtor.ca/Residential/...larneyGlengarry

https://www.realtor.ca/Residential/...larneyGlengarry

https://www.realtor.ca/Residential/...T3E1Y5-Richmond

much bigger, similar price, not in a building where you have an asshole playing music at 11pm next to you with a family with kids that start running around above u at 7am, and they're technically a bit closer to downtown i guess.



As for the condo that is actually in downtown... do you want to pay a premium for living in that area? 8xx sq feet isn't huge, but its more space than a lot of people who love condo living need. I personally can see some logic in buying that one. the Jayman one, I dont get it. Why buy an expensive condo far from downtown when you can buy something on land for the same price.

What I dont like about the waterfront one is the view doesn't seem very good in the pictures they took. That fridge makes me think, hmm, what happens when it blows up. How hard is that going to be to replace and not have look like ass? It is very bland inside too, but imo spending big bucks on a condo for it's finishings is retarded (its lipstick, not worth a 6 figure premium because they marketed it as 'luxury' for $5g in additions). That's the kind of stupid stuff people are going to be thinking when you go to sell it someday. plus even if it has a decent view now, is there something zoned for that land that will block your view someday?

Last edited by zhao on 03-21-2017 at 05:37 AM

Report this post | IP: Logged

Old Post 03-21-2017 05:34 AM
zhao is offline Click Here to See the Profile for zhao Click here to Send zhao a Private Message Find more posts by zhao Edit/Delete Message Reply w/Quote
max_boost
Beyond Bully

Location: Chinatown
What I drive: nothing special :(
Posts/Day: 1.79
Trader Rating: (31)
User Rating: 123%


quote:

I live in Waterfront and love it here. You do have a lot of choice and you just gotta decide what's most important to you.

I went from 1700+ basement to 850sqft. works for my gf and I but that's because we are simple and this is how we like to live. I did have to rent a second storage locker for my sports stuff though.

But then ultimately it's the gf's call, we could end up in a house again lol

Report this post | IP: Logged

Old Post 03-21-2017 08:55 AM
max_boost is offline Click Here to See the Profile for max_boost Click here to Send max_boost a Private Message Find more posts by max_boost Edit/Delete Message Reply w/Quote
jwslam
Second Gear

Location: Stampede Central
What I drive: is easy to spot
Posts/Day: 0.44
Trader Rating: (61)
User Rating: 96%


quote:

Originally posted by 03ozwhip
sure there are some reasons, but personally even if I was single, I could never justify spending that much on a condo.
look at this...
http://forums.beyond.ca/showthread....743#post4645743

that's at bigger condo, looks really nice and is downtown with city views etc for less than half the price, that's reasonable.


I don't understand why fees in that building are so high, I guess it has to do with the unit being so big too but $591

Though it includes electricity, there's no in-suite laundry... It shows well though!

__________________

Report this post | IP: Logged

Old Post 03-21-2017 02:24 PM
jwslam is offline Click Here to See the Profile for jwslam Click here to Send jwslam a Private Message Find more posts by jwslam Edit/Delete Message Reply w/Quote
03ozwhip
Fourth Gear

Location: not calgary
What I drive: changes every year
Posts/Day: 0.98
Trader Rating: (29)
User Rating: 90%


quote:

Originally posted by jwslam

I don't understand why fees in that building are so high, I guess it has to do with the unit being so big too but $591

Though it includes electricity, there's no in-suite laundry... It shows well though!


Ya it includes utilities so that's maybe 200 a month in a condo, I agree 600 a month is pretty high but a 600k condo you can bet will be that or more on top of a huge mortgage like that.

Report this post | IP: Logged

Old Post 03-21-2017 02:51 PM
03ozwhip is online now Click Here to See the Profile for 03ozwhip Click here to Send 03ozwhip a Private Message Find more posts by 03ozwhip Edit/Delete Message Reply w/Quote
zhao
Newbie

Location: edmonton
What I drive:
Posts/Day: 0.01
Trader Rating: (0)
User Rating: 100%


quote:

Originally posted by jwslam

I don't understand why fees in that building are so high, I guess it has to do with the unit being so big too but $591

Though it includes electricity, there's no in-suite laundry... It shows well though!



There is a condo selling for 450 on the west of downtown with condo fees of 1200 a month lol.

Report this post | IP: Logged

Old Post 03-21-2017 07:38 PM
zhao is offline Click Here to See the Profile for zhao Click here to Send zhao a Private Message Find more posts by zhao Edit/Delete Message Reply w/Quote
jwslam
Second Gear

Location: Stampede Central
What I drive: is easy to spot
Posts/Day: 0.44
Trader Rating: (61)
User Rating: 96%


quote:

https://www.realtor.ca/Residential/...P3R8-Eau-Claire

Maintenance Fees
$3,770 Monthly


https://www.realtor.ca/Residential/...T2R1M5-Beltline

Maintenance Fees
$5,166 Monthly

__________________

Report this post | IP: Logged

Old Post 03-21-2017 07:57 PM
jwslam is offline Click Here to See the Profile for jwslam Click here to Send jwslam a Private Message Find more posts by jwslam Edit/Delete Message Reply w/Quote
Feruk
Newbie

Location: Calgary
What I drive: G6
Posts/Day: 0.01
Trader Rating: (2)
User Rating: 100%


quote:

Originally posted by bowsth
I'm curios as to what you guys think has more value as being downtown vs currie barracks ?


Both of these seem like you're setting yourself up for a pretty big loss... IMO neither of these has long term value, but they sure have risks.

Originally posted by jwslam
https://www.realtor.ca/Residential/...P3R8-Eau-Claire

Maintenance Fees
$3,770 Monthly


24 hour doormen ain't free

Report this post | IP: Logged

Old Post 03-21-2017 10:46 PM
Feruk is offline Click Here to See the Profile for Feruk Click here to Send Feruk a Private Message Find more posts by Feruk Edit/Delete Message Reply w/Quote
austic
Neutral

Location: Calgary
What I drive: Born in Stuttgart
Posts/Day: 0.07
Trader Rating: (0)
User Rating: 100%


quote:

Originally posted by jwslam
https://www.realtor.ca/Residential/...P3R8-Eau-Claire

Maintenance Fees
$3,770 Monthly



Could they get anymore 8's into the price?

Report this post | IP: Logged

Old Post 03-21-2017 11:24 PM
austic is offline Click Here to See the Profile for austic Click here to Send austic a Private Message Find more posts by austic Edit/Delete Message Reply w/Quote
Xtrema
Sixth Gear

Location: Calgary, Alberta
What I drive: 2016 MB C450
Posts/Day: 1.54
Trader Rating: (4)
User Rating: 95%


quote:

Originally posted by Feruk

Both of these seem like you're setting yourself up for a pretty big loss... IMO neither of these has long term value, but they sure have risks.



Yup.

Anything with an elevator is a bad investment. Especially over 5 years old and builder has down offloading all the units and warranty ran out.

Then it's Special Assessment time!

The only cheap condo living is renting. Owning is pretty risky.

Report this post | IP: Logged

Old Post 03-22-2017 12:51 AM
Xtrema is offline Click Here to See the Profile for Xtrema Click here to Send Xtrema a Private Message Find more posts by Xtrema Edit/Delete Message Reply w/Quote
The time now is 06:33 PM (GMT) Post New Thread   
 
Last Thread   Next Thread
Beyond.ca - Car Forums : Powered by vBulletin version 2.3.9 Beyond.ca - Car Forums > Lounge > Real Estate / Finance > help with new condo build



Show Printable Version | Email this Page | Subscribe to this Thread


Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is OFF
vB code is ON
Smilies are ON
[IMG] code is ON
 

Google
 
Web beyond.ca

Terms of Use - Contact Us - Advertising Info - Archives - Car Blog

Powered by: vBulletin Version 2.3.9
Copyright ©2009 Jelsoft Enterprises Limited.

Bringing Car Enthusiasts together in discussion on our car forums

Page Statistics : Page generated in 0.08617210 seconds (70.56% PHP - 29.44% MySQL) with 41 queries.