I think that's how it is and don't think same owner.This quote is hidden because you are ignoring this member. Show Quote
Crazy you can probably close that 644 unit even lower. Amazing price for 2/2/2 even tho smaller ish at 730sq.ft
I think that's how it is and don't think same owner.This quote is hidden because you are ignoring this member. Show Quote
Crazy you can probably close that 644 unit even lower. Amazing price for 2/2/2 even tho smaller ish at 730sq.ft
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Clearly our definition of "cheap" is worlds apartThis quote is hidden because you are ignoring this member. Show Quote
$2,500/month using 20% down including property taxes and condo fees. That's nutty, especially for something on the 6th floor not facing the river!
Last edited by msommers; 03-08-2019 at 03:31 PM.
Ultracrepidarian
This condo was probably 100 to 150k more during the boom time...This quote is hidden because you are ignoring this member. Show Quote
real estate only goes up right?
J
What i can think of for their rationale behind the price is the two parking spots. Realtors will give you various amounts for value of a parking spot, I have heard as low as $15000 and as high as $40000 per titled stall.
Two bedrooms at 732 sqft is laughable in my opinion. There are many established older buildings that give you 1100+ sqft for maintenance fees that are less than what this place offers, for a purchase price that is also much lower. But the reality is there is always a buyer out there, and if these sellers can afford to carry this property for a while, they will come along.
Finally, look at the amenities including concierge. That condo fee pays for those and the concierge's salary.
Right. To think I looked at million dollar condos 5 years ago and 800k ones as well before deciding in a boom bust scenario I better take the 600k one.This quote is hidden because you are ignoring this member. Show Quote
With that said I finally have a serious interested party so hopefully I get an offer, if not, I think it's time to pull the plug and wait for 2020/2021
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Nah, I think this RE down turn is in for long haul.This quote is hidden because you are ignoring this member. Show Quote
Commerical tax vs Residential tax ratio in Calgary is 4.7:1 CoC is looking at adopting ratios like other cities of 3.7:1. This will add cost to home ownership and remove more people from buying.
I'm expecting to bag-hold for the long haul.
Might have to consider renting out soon.
Unless Amazon HQ2 talks reignite and Calgary's in the running
Fair enough. Either way I'm nicely settled back in.
Worst case scenario, get a roomie and rent out my 2 parking spots to cover things should I go funemployed
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Nothing special about the condo itself until I noticed the 2 parking stalls which are $$$. Public parkade across the street goes for $400/month. We'll be conservative and say you can rent out one of the spots for $300/month. That's an annual return of 7% on a valuation of $50K per stall assuming its 100% down equity. If you're taking out a mortgage say with 25% down as most people would you're essentially leveraging your investment 4X which means you're earning upwards of 20% on that parking stall. So yes each stall is easily worth $50K as an investment property.This quote is hidden because you are ignoring this member. Show Quote
If you lived in the place and only need one stall and value the parking as the above calculation then you can basically take $50K off the purchase price and look at it as a 2 bed 1 parking condo selling for $380K. Pretty good deal indeed .
Smart way of looking at it!This quote is hidden because you are ignoring this member. Show Quote
Originally posted by arian_ma
your stomach is full of sulfuric acid
I've used spa ceiling in the past and they were great. I'd recommend them over van ceiling any day
Are there complexes that offer EV charging in their parking stalls? Curious how condo owners have been coping with owning Teslas and other EV's
I think there are only shared ones but not at stall.This quote is hidden because you are ignoring this member. Show Quote
https://liveatthemet.com/rxofz/amenities.aspx
I think I saw like 3-5 spots there.
Last edited by Xtrema; 11-19-2020 at 05:49 PM.
A little late to the party? This is not news in many major cities around the globe. HK is prime example with parking spaces going for over 6m HKD (over 1m CAD).This quote is hidden because you are ignoring this member. Show Quote
Parking spots have a higher ROI and much easier to maintain/manage compared to a condo/house. However, remember parking space has dues/fees (mine was around 50CAD a month).
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
This quote is hidden because you are ignoring this member. Show QuoteWho says good things don’t come to those who waits @OP @flipstah pretty sure prices have dropped by nowThis quote is hidden because you are ignoring this member. Show Quote
Updated: March 10, 2022
My list of random For Sale (some free) stuff