Calgary real estate prospects

[killramos]

Oh Rotary. Can’t help but deliver the lulz

[Power_Of_Rotary]

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Oh Rotary. Can’t help but deliver the lulz

Welcome. Been missing in action after my long vacation. Missed you rednecks

[vengie]

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Welcome. Been missing in action after my long vacation. Missed you rednecks

Shit, straight to the racism!

[pheoxs]

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That place is an absolute dump and the price is horrendous...but someone actually bought a house in Fairview for $700k a few months ago

Def not worth that price tag. That place is like 200k overpriced lol.

But honestly Fairview is a great neighborhood, absolutely love living here. But the SE corner is the best, the pump track is right by train tracks, always going to be a no bueno.

[msommers]

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That place is an absolute dump and the price is horrendous...but someone actually bought a house in Fairview for $700k a few months ago

I thought prices in Acadia were nuts, and then I checked Haysboro...

Who knew a renovated kitchen with terrible black and white everything, and deleted dining room commanded >700+

[dirtsniffer]

SW>>SE
everyone knows that.

[msommers]

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SW>>SE
everyone knows that.

[Tik-Tok]

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That place is an absolute dump and the price is horrendous...but someone actually bought a house in Fairview for $700k a few months ago

It's a teardown so far as I'm concerned. I've never been inside, but judging by how they "kept" the outside over the last twenty years, I wouldn't trust it not to fall down.

It's also hard to trust a family who used a children's playground as their personal offroad course on more than one occasion.

[suntan]

It's a new era for housing. Good jorb everyone!

[BerserkerCatSplat]

https://www.royallepage.ca/en/proper...5/mlsa1243148/

$1.2M in the far NE, not even built yet. It's a big house but the lot ain't going to look much like the photo!

[Buster]

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https://www.royallepage.ca/en/proper...5/mlsa1243148/

$1.2M in the far NE, not even built yet. It's a big house but the lot ain't going to look much like the photo!

Nice lawn

[JohnnyHockey13]

The lawn space will be great for extra parking once it's concreted over.

[benyl]

I get that building costs have increase, but WTF. 1.2M in the NE

[BerserkerCatSplat]

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I get that building costs have increase, but WTF. 1.2M in the NE

And part of the sales pitch is "you could totally rent this out!" Yeah, I'd like to know the ROI on a $1.2M NE rental property.

[pheoxs]

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And part of the sales pitch is "you could totally rent this out!" Yeah, I'd like to know the ROI on a $1.2M NE rental property.

Being in the NE I'm surprised the basement isn't already finished into a suite. Saying 'oh theres a door and undeveloped basement' is ridiculous at that price (among many other things with this property)

[Xtrema]

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https://www.royallepage.ca/en/proper...5/mlsa1243148/

$1.2M in the far NE, not even built yet. It's a big house but the lot ain't going to look much like the photo!

I like how their system call them out being overpriced.

[TomcoPDR]

Sounds like a plan. (Read the description lol)



https://realtor.ca/real-estate/24846...alsharelisting

[roopi]

Lol WTF. Someone do this just so beyond can ready about it in 10 years. Strathmore investment sounded better than this.

[mr2mike]

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Sounds like a plan. (Read the description lol)



https://realtor.ca/real-estate/24846...alsharelisting

Old news. Just renewed ad. Clearly no bites.
Couches alone worth the investment lol.

- - - Updated - - -

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And part of the sales pitch is "you could totally rent this out!" Yeah, I'd like to know the ROI on a $1.2M NE rental property.

It's surprising how little rents fluctuate based solely on area.
2 bed in NE similar to 2bed in Aspen.

[Power_Of_Rotary]

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And part of the sales pitch is "you could totally rent this out!" Yeah, I'd like to know the ROI on a $1.2M NE rental property.

ROI is meaningless these days when it comes to RE. Its all about capital gainz.


Its awesome to see HK RE slowly crumbling. Those who bought in in 2019-2021 are now down at least 20%. There rental ROI is less than 2%. Meaning if market is stagnant, it will take more than 10 years just cover the negative asset.

I was recently looking into buying or renting a new place, saw a 10m flat slashing down to 7.7m with no bites still. The rental income on a similar unit is around 16-18k/month.