Calgary real estate prospects

[max_boost]

Nice nice take your tendies and run

[bjstare]

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House on our street was listed in the fall, never sold, took off the market. Just listed again last week and sold for $150k more then it was listed for only 6 months ago. Nice house, didn't appear like any work was done on it over winter. Bet they're thankful it didn't sell last fall hah.

Depends if/what they're buying now

[pheoxs]

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Depends if/what they're buying now

Yeah, market is shit right now. I'd be quite stressed if I sold my place first then had to try and buy in this market.

[max_boost]

yea that's always the thing
sell high and buy high
so unless it's a rental to beat trudeau's new cap gains or downsizing etc.
it is cool tho high prices, hence get that high heloc lol

[killramos]

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Neighbour is offloading his home for $250k more than he bought it for in Apr2023. Easy $$$. Never actually saw the homeowner.

Best neighbor ever.

- - - Updated - - -

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Depends if/what they're buying now

Or where

[pheoxs]

So with the new R-CG zoning coming into play, there's the possibility of building a duplex / semi-detached each with a suite underneath. Say ~1k sqft per side gives 2k sqft per upstairs unit and 1k per basement suite minus utilities and such.

Anyone have a guess what that would cost nowadays to build? Often hear >$250/sqft depending on quality but that's typically for a SFH. If it's 6k sqft total * $250 that's 1.5 mill to build? That seems quite on the high side would it not?

I'm mostly curious about the economics of my neighborhood. Main floors of bungalows rent for $2500+ and basements are $1200-1500 at the moment. A new 2+2 infill would probably fetch ~10k a month in rent across the 4 units. 8 year's that's a million in revenue minus expenses.

[Tik-Tok]

4 units? Why stop there? We're being slated for H-GO along with all the other "Heritage Communities", so build 8 instead.

[suntan]

I'm gonna tear down my SFH and put in a 30 storey apartment building. Watch the $$$$$ flow in.

[KrisYYC]

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4 units? Why stop there? We're being slated for H-GO along with all the other "Heritage Communities", so build 8 instead.

Yep. Starting to happen already. This is in Kingsland and I believe it's been approved. Tearing down two duplexes and building two eightplexes.

[pheoxs]

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4 units? Why stop there? We're being slated for H-GO along with all the other "Heritage Communities", so build 8 instead.

Not me unfortunately. It's only Fairmount drive and some of Acadia Dr that's going H-GO.

I could technically go up to 6 units as a 3+3 setup but when I sketched out trying to make that fit but it was ugly. 55' wide lot at least should still make for a nice side by side setup that'd be worth living in for the short term.

[killramos]

I might put in a 50 foot tall “suited” garage if this goes through.

Because why not.

[ercchry]

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I might put in a 50 foot tall “suited” garage if this goes through.

Because why not.

Then install one of those Japanese style parkade elevators!

[Tik-Tok]

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Not me unfortunately. It's only Fairmount drive and some of Acadia Dr that's going H-GO.

I could technically go up to 6 units as a 3+3 setup but when I sketched out trying to make that fit but it was ugly. 55' wide lot at least should still make for a nice side by side setup that'd be worth living in for the short term.

Between rezoning and the new Midtown LRT station, my half of Fairview is going to skyrocket. Not exactly the future I had planned here, but nothing is forever I guess.

[max_boost]

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Between rezoning and the new Midtown LRT station, my half of Fairview is going to skyrocket. Not exactly the future I had planned here, but nothing is forever I guess.

oh ya boy

[pheoxs]

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Between rezoning and the new Midtown LRT station, my half of Fairview is going to skyrocket. Not exactly the future I had planned here, but nothing is forever I guess.

Yeah I did buy this place as my forever lot but with everything changing it's making me rethink that option and considering the option to rebuild as a rental.

[Power_Of_Rotary]

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Yeah I did buy this place as my forever lot but with everything changing it's making me rethink that option and considering the option to rebuild as a rental.

I got mocked on this very thread 2 years ago when I was considering buying an old quadplex lmao. How times have changed.

[ThePenIsMightier]

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I got mocked on this very thread 2 years ago when I was considering buying an old quadplex lmao. How times have changed.

Is that the only time you've been mocked in this thread?

[msommers]

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4 units? Why stop there? We're being slated for H-GO along with all the other "Heritage Communities", so build 8 instead.

We have one at the end of our block. Heard in Altadore there's a 16 unit one. The time for Beltline living conditions is expanding and you better like it!

Or live in a row house for $800-900K. And >$300/month condo fees (starting!). We went and looked at these during their launch and whoever designed the stairs in some layouts should be fired. From the basement to the rooftop (4 levels) is a single set of stairs - walking down was a nerve-wracking experience to say the least. No carpet on them either.

https://www.realtor.ca/real-estate/2...ary-shaganappi

https://www.realtor.ca/real-estate/2...ary-shaganappi

[Tik-Tok]

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Or live in a row house for $800-900K. And >$300/month condo fees (starting!).

That sounds like some awesome affordable housing!

[bjstare]

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We have one at the end of our block. Heard in Altadore there's a 16 unit one. The time for Beltline living conditions is expanding and you better like it!

Or live in a row house for $800-900K. And >$300/month condo fees (starting!). We went and looked at these during their launch and whoever designed the stairs in some layouts should be fired. From the basement to the rooftop (4 levels) is a single set of stairs - walking down was a nerve-wracking experience to say the least. No carpet on them either.

https://www.realtor.ca/real-estate/2...ary-shaganappi

https://www.realtor.ca/real-estate/2...ary-shaganappi

Those places are awfully designed, IMO. There's a few end units where the entire side that would have a panoramic view of DT has basically zero windows on it, save for a few little portholes to bring light to the staircases I'm guessing.