Calgary real estate prospects

[Xtrema]

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The financial capability of the gen z and alpha are likely to be lower in any real terms, so when gen x sells, who's buying?

Indians, Indonesians, Vietnamese and Africans. Or potential any climate/war refugees.

Definitely not from any of the childless developed countries.

[max_boost]

So my parents still have our ghetto OG non Reno penbrooke house lol lot size about 5000sq.ft maybe they can do something similar lol https://maps.app.goo.gl/f1oy9C3qDeEFAkaf8?g_st=ic

[jutes]

So much red in one picture.

[suntan]

More than enough space for a hotel/casino

[pheoxs]

In penbrooke that looks like a 6 family home easily.

[max_boost]

Also have this 3unit townhouse for rentals 4600sqft lot but right next to substation lol hoping for city inflated buyout someday
Commercial corridor land use designation
The entire block across from it got bought out but just empty land. It was supposed to be some medical commercial complex but that never happened.

https://maps.app.goo.gl/nDcT3oAg4YAU4JFj6?g_st=ic

[Tik-Tok]

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Yeah, that's the only infill in Fairview. Definitely looks out of place though it's not as bad from the front.

There's several more, but they did them properly and didn't shove a modern look into an old neighborhood. It is the only two story in-fill though.

Here's couple, and there's at least 3 more that I don't remember the address's of.

[pheoxs]

AFAIK that first one isn't really a full infill. They just took the building down to the barebones/foundation and then rebuilt up. They just did additions though that one is my favorite place in the neighbourhood though. Probably the best lot there is, the yard is massive but it really needs a bigger garage setup.

[jabjab]

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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.

I recently did this. My cost was more due to the lot, particular the slop with the walkout. Each side got appraised for a little over a million. Cost was 890ish a side. Put more upgrades than needed but I'm living her for the long term and having my mom stay in the basement suite

[jutes]

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having my mom stay in the basement suite

You must live in bizzaro world, I thought it's the kids who live in their parents basements.

[jabjab]

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You must live in bizzaro world, I thought it's the kids who live in their parents basements.

It's a very nice suite for her. Heated floors, fireplace, huge walkin closet, large windows and a view.

[ercchry]

My parents are in my brother’s basement, cause they didn’t time their new build possession very well… sucker!

[finboy]

My wife-beater neighbour put his house up for sale, fingers crossed for a quick sale and rock solid comp.

[npham]

https://www.realtor.ca/real-estate/2...-glenmore-park

$1100+ per sq foot in North Glenmore lol

[BavarianBeast]

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https://www.realtor.ca/real-estate/2...-glenmore-park

$1100+ per sq foot in north glenmore lol

lol!!

This one’s been for sale for over 6 months now, if it’s not moving at $2.1, what are they thinking getting that bungalow for more..

https://www.realtor.ca/real-estate/2...-glenmore-park

[max_boost]

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

[msommers]

The real question is has your GF critiqued it

[Buster]

I remember a time when I would have wanted to live in an infill. Not no mo.

[max_boost]

Yea I lived in an Infill for a good 10 years and I really like the location of this one, just a couple blocks away from my old one actually. Thought I was gonna be forever alone in a condo but how things change

[bjstare]

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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/

$1.2mm to have roommates.

One of the higher crime rates west of Deerfoot in that area.