No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.
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No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.
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If the realtors had any ethical considerations at all, they would post that information in the listing. Would have saved them a bunch of nonsense phone calls and wasted trips (for viewers) out there.
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So with no occupancy permit (who knows why), could you buy this, de-construct the house and sell a lot of the building materials off (cabinets, lighting & plumbing fixtures, etc.)? You've still got the land after that.
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
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That's still really good. Gotta be more than that to list it at $450K.Originally posted by AndyL
No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.
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Yeah that's why I think the bidding war might come into play if it's actually only ~$250k to "fix up". Probably a move on the real estate agents part.
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$250k is probably bare minimum to "fix" it... then another $200k to finish it (including landscaping)
...and you're still left with a house under power lines, a few blocks from an industrial area
Probably would be hell to get financing for this also, talking close to purchase price worth of improvements, so even with a lender willing to do it, probably $200k down on this "$425k" house
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You won't get cheap loan on this, it's basically same as infield redevelopment, or even worse in this case.Originally posted by ercchry
$250k is probably bare minimum to "fix" it... then another $200k to finish it (including landscaping)
...and you're still left with a house under power lines, a few blocks from an industrial area
Probably would be hell to get financing for this also, talking close to purchase price worth of improvements, so even with a lender willing to do it, probably $200k down on this "$425k" house
Cash up front.
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Worst rural area anywhere around calgary. By a long shot. Total shithole.
Originally Posted by killramos
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On the upside you can catapult some lampcord straight up off the roof to get free power.
Might need to stop by radio shack for a transformer, though.
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How come ?Originally posted by ExtraSlow
Worst rural area anywhere around calgary. By a long shot. Total shithole.
FKA: 2EFNFAST
Was it built wrong? Previously owners damaged the house when leaving? Details, we need details, lol!Originally posted by AndyL
No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.
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Last edited by 01RedDX; 09-23-2020 at 01:41 PM.
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Interesting the realtor chooses not to mention a single word any of the problems with the property. Seems shady. Also strange that he's using crooked cell phone photos for such a high profile property getting lots of media attention.
The ad now says it's in a multiple offer situation though, but I wonder what those offers are...
Last edited by Mitsu3000gt; 12-12-2016 at 02:11 PM.
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To be fair, any of that is 3 miles or more as the crow flies and there many homes closer to what you speak of than this home.Originally posted by 01RedDX
Well, industrial area and a huge NG powerplant right there and not many amenities.
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It's in the Conrich area East of Calgary. It's cheap because its the ghetto on a swamp.
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I'm pretty sure this is a fair bit south and a bit east of Conrich. It like... 20 minute drive away.Originally posted by B69
It's in the Conrich area East of Calgary. It's cheap because its the ghetto on a swamp.
I believe this is the place. Someone correct me if I'm wrong:
https://www.google.ca/maps/@50.95832.../data=!3m1!1e3
Last edited by Kloubek; 12-12-2016 at 04:52 PM.
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Also, because I have special access. The property is current owned by
ALTALINK MANAGEMENT LTD.
Operator Of Beyond's Official Cardano pool.
Magical internet money for everyone!
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I think this house was built before those transmission lines went up. The owners sold to the company that put those lines up. I'm not so sure it'll ever be habitable?
I seriously doubt a house built with that much millwork and care has a structural problem. It would've been caught during inspections.
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