Calgary real estate prospects

[89coupe]

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wtf are you going on about now?

It’s on a street, not an avenue… and 20th st is the main drive as it actually connects up to 33rd ave

21st is super busy and has power lines running up the street as well.

[msommers]

That place in north Glenmore is a deal then compared to this one:

https://www.realtor.ca/real-estate/2...urrie-barracks

[ercchry]

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21st is super busy and has power lines running up the street as well.

Power lines… in the inner city?!? No! Say it ain’t so!

21st goes nowhere. No more busy than any other regular street in all of North glenmore/altadore

[89coupe]

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Power lines… in the inner city?!? No! Say it ain’t so!

21st goes nowhere. No more busy than any other regular street in all of North glenmore/altadore

It’s a busy street, main road north/south to all the side avenues for that community, 21st and 20th.

Then again, maybe it’s just a shitty house in person. I definitely wouldn’t want to live on that street with ugly power lines and traffic in and out all the time.

[bjstare]

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Is this cool or not Beyond?

https://realtor.ca/real-estate/26853...alsharelisting

That's really nice. There's precisely 0 chance I'd spend that kind of money to live in that location, but obviously the market exists.

If my budget was >$2mm I'd be on an acreage in south springbank. There's nothing appealing to me about living in the city.

[TomcoPDR]

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Oh that’s very cool
I walk by it on my Sunday walks all the time
No clue on price haha 9x more than I can afford lol

I thought this was similar in pricing. Till I looked again, it’s missing a digit. Close but not quite

https://realtor.ca/real-estate/26810...alsharelisting

[msommers]

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Power lines… in the inner city?!? No! Say it ain’t so!

21st goes nowhere. No more busy than any other regular street in all of North glenmore/altadore

Buddy this is what paradise looks like ok

https://maps.app.goo.gl/TSfYJWy7t8Qcqp7M9

Wife and I were over in Discovery Ridge to try Wonder Donuts (place is legit btw). I really liked the feel of the community, nice place and while most of the homes are double garage in the front (which I personally can't stand) there's some nice L-shapes.

[max_boost]

got me thinking % of net worth tied up in housing vs investments etc.
must be nice to have a 2-10mill house free and clear
successful people gonna success

[vengie]

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That's really nice. There's precisely 0 chance I'd spend that kind of money to live in that location, but obviously the market exists.

If my budget was >$2mm I'd be on an acreage in south springbank. There's nothing appealing to me about living in the city.

My thoughts exactly.
You can get a pretty stellar piece of land with a gorgeous house on it for $10mil within 20 mins to the city

[bjstare]

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My thoughts exactly.
You can get a pretty stellar piece of land with a gorgeous house on it for $10mil within 20 mins to the city

I’d say you can even get more for less, and closer. E.g.,
https://matrix.pillarnine.com/Matrix...?ID=3935259060

Granted places like that only come up once every decade or four. It’s possible.

[Brent.ff]

I’m mostly interested in the math to get this: “this property features approximately 6000 square kilometers of majestic views”

I will say, while that house is outdated, they 100% realized and capitalized on the view at every chance.. what a place for a morning coffee

[BavarianBeast]

I dunno man, can probably see a power line in that 6000km2 radius.

[asp integra]

I could do a hell of alot for 10 mill, and that would not be it haha

[finboy]

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I like this house a lot
Flat alley entry and paved
Critique it beyond lol
https://calgaryhomes.ca/listing/a212...berta-t2e-0m6/

Crackheads who lived in that park were getting real cagey when I left. Also reaaaally study the green line design, if they stack to at-grade for the train it will have one traffic lane on either side of it.

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That's really nice. There's precisely 0 chance I'd spend that kind of money to live in that location, but obviously the market exists.

If my budget was >$2mm I'd be on an acreage in south springbank. There's nothing appealing to me about living in the city.

The hunt continues, we thought we found one and the owners pulled it off the market before Jordan could get our viewing locked in

[you&me]

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I could do a hell of alot for 10 mill, and that would not be it haha

That's the thing - there seem to be a lot of really high end listings thinking they can jump on the retarded-pricing-train and apply the same strategy... The problem is, that might work to lure the family crammed into a townhouse in Milton and have them go "ooooohhh, ahhhhh, Auburn Bay for only a million? Sign me up"... But the strategy falls apart at the higher price points, because you can still get a heck of lot of house in Vancouver or Toronto for $5, 8 or 10mm... and the people that have that kind of money have way better options and won't be swayed by some sort of (non existent) perceived value like the aforementioned Miltonite.

And another thing - can Calgary grow the fuck up and get past this supposed appreciation for "contemporary architecture" that amounts to nothing more than random, incongruent angles. Fuck.

[Brent.ff]

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I dunno man, can probably see a power line in that 6000km2 radius.

Ha!

[pheoxs]

Saw this house get scooped up for an investment property. Sold for 764k last week now it’s on rent faster for $2400 for the main floor + $1900 for the basement suite which just seems crazy.

https://www.rentfaster.ca/ab/calgary...smoking/567558

[ercchry]

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Saw this house get scooped up for an investment property. Sold for 764k last week now it’s on rent faster for $2400 for the main floor + $1900 for the basement suite which just seems crazy.

https://www.rentfaster.ca/ab/calgary...smoking/567558

Taking speculation out of the equation (since it’s now business revenue and not cap gains)… 8% ROI… think there are many more passive options to achieve that these days

[Power_Of_Rotary]

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Taking speculation out of the equation (since it’s now business revenue and not cap gains)… 8% ROI… think there are many more passive options to achieve that these days

like what? >8% return plus potential cap gains?

[bjstare]

There must be a typo in this price

https://www.realtor.ca/real-estate/2...pringbank-hill