Calgary real estate prospects

[JfuckinC]

that house has lots of potential. the owners must have defaulted and the bank took it? that sucks...

What's it actually worth to you guys?

[Neil4Speed]

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Neil my man, I could seriously go on a rant about it haha...

But the short version is this: in a condo building specifically, open windows and freezing pipes leading to flooding end up being huge, costly, headaches. Zone valves are a frequent pain in the butt as well.

As an aside, Caon had been raking us over the coals for years until I joined the condo board and asked for quote retrieval. Reggin ended up being a lot cheaper and despite Caon saying they'll match it, they burnt us pretty badly.

Great points, didn't think about it in a shared accommodation situation. Thanks for taking the time to share.

[ercchry]

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that house has lots of potential. the owners must have defaulted and the bank took it? that sucks...

What's it actually worth to you guys?

Well the last time it actually sold was 2011… so they’ve fail at this before. That coupled with the current lack of details means it could be gutted/full of water damage/mold… they’re asking essentially full value based on all data metrics (ie. honest door value) …honest door has my home valued for about $100k over market… so… land value

Hard to figure that out, but what’s the future of the golf course? That street does have some $$$ homes on it, but vacant lots in more desirable locations are close to that price… so I’d say (based on what we know, not guessing at condition) …$800-900k?

[JfuckinC]

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Well the last time it actually sold was 2011… so they’ve fail at this before. That coupled with the current lack of details means it could be gutted/full of water damage/mold… they’re asking essentially full value based on all data metrics (ie. honest door value) …honest door has my home valued for about $100k over market… so… land value

Hard to figure that out, but what’s the future of the golf course? That street does have some $$$ homes on it, but vacant lots in more desirable locations are close to that price… so I’d say (based on what we know, not guessing at condition) …$800-900k?

last time it was for sale it was normal listing tons of pictures.. definitely old but didn't look in bad condition!

[ercchry]

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last time it was for sale it was normal listing tons of pictures.. definitely old but didn't look in bad condition!

Yeah, could be a failed flip for all we know… missed one too many private money payments and they’re calling the loan

…do keep in mind I deal solely with the less than ideal mtg candidates so my views are rather jaded

[bjstare]

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Well the last time it actually sold was 2011… so they’ve fail at this before. That coupled with the current lack of details means it could be gutted/full of water damage/mold… they’re asking essentially full value based on all data metrics (ie. honest door value) …honest door has my home valued for about $100k over market… so… land value

Hard to figure that out, but what’s the future of the golf course? That street does have some $$$ homes on it, but vacant lots in more desirable locations are close to that price… so I’d say (based on what we know, not guessing at condition) …$800-900k?

It'll be interesting to see if/what it sells for. Fwiw, it's highly unlikely that golf course is going anywhere. It's not exactly a municipal/public goat track.

[ercchry]

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It'll be interesting to see if/what it sells for. Fwiw, it's highly unlikely that golf course is going anywhere. It's not exactly a municipal/public goat track.

Yeah I just don’t trust them, sounds like golf is starting to get more popular again though, so that might help? That’s some prime land to develop if Calgary price start to rocket

[flipstah]

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Yeah I just don’t trust them, sounds like golf is starting to get more popular again though, so that might help? That’s some prime land to develop if Calgary price start to rocket

Isn't that what happened to Harvest Hills golf course? People bought houses overlooking the golf course, and a highway, then all of a sudden townhouses lol.

[bjstare]

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Isn't that what happened to Harvest Hills golf course? People bought houses overlooking the golf course, and a highway, then all of a sudden townhouses lol.

That kind of thing is much more likely to happen at public/municipal courses. Private courses rarely close/sell out. In fact, I'd be surprised if that has ever happened to a private course in the Calgary area (I'd be happy to be proven wrong if someone has an example)

[killramos]

I’m a bit shocked bearspaw hasn’t been made into condos tbh

[ExtraSlow]

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I’m a bit shocked bearspaw hasn’t been made into condos tbh

There will be townhomes in Bearspaw in our lifetimes without a single doubt. Probably before you reach retirement age.

[bjstare]

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I’m a bit shocked bearspaw hasn’t been made into condos tbh

Yeah that's a good example to support my point - There's a long road (likely measured in decades) for a golf course to go from Private Club -> Condos. Not to mention Bearspaw was not in the same league as Willow Park to begin with. More prestigious course = members with deeper pockets to keep it afloat.

[ercchry]

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Yeah that's a good example to support my point - There's a long road (likely measured in decades) for a golf course to go from Private Club -> Condos. Not to mention Bearspaw was not in the same league as Willow Park to begin with. More prestigious course = members with deeper pockets to keep it afloat.

Yeah I would feel comfortable dropping 7 figures on land to build in bel-aire, I do t think the Calgary country club is going anywhere… the members have way too much pull to make sure those land use changes don’t go anywhere, but can’t say I trust the rest to stay put.

I would agree though that it’s not happening tomorrow… but it will probably happen eventually, then you’ll end up being like the Oakridge residents bitching about the ring road

[Hallowed_point]

Serious question: is there a more dishonest profession that realtors? (speaking generally.)

Some of the bs my realtor spews is just comical. Market's hot, go to list condo and he low balls my list price so "it'll sell fast." I found the condo I bought, not even sure why I wasted money on a commission. No I don't need calendars with your face or Christmas cards with your families faces.

I feel like I can trust a house of cars sales bro more to not screw me.

[TomcoPDR]

How many floor plans do you need to see before making an informed decision?




https://realtor.ca/real-estate/25169...alsharelisting

[ThePenIsMightier]

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Serious question: is there a more dishonest profession that realtors? (speaking generally.)

Some of the bs my realtor spews is just comical. Market's hot, go to list condo and he low balls my list price so "it'll sell fast." I found the condo I bought, not even sure why I wasted money on a commission. No I don't need calendars with your face or Christmas cards with your families faces.

I feel like I can trust a house of cars sales bro more to not screw me.

*Chiropractors have entered the chat.

But that doesn't mean it's not a dishonest industry.

[89coupe]

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Serious question: is there a more dishonest profession that realtors? (speaking generally.)

Some of the bs my realtor spews is just comical. Market's hot, go to list condo and he low balls my list price so "it'll sell fast." I found the condo I bought, not even sure why I wasted money on a commission. No I don't need calendars with your face or Christmas cards with your families faces.

I feel like I can trust a house of cars sales bro more to not screw me.

Totally,

Sell your own place, save yourself the misery and money.

[mr2mike]

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*Chiropractors have entered the chat.

But that doesn't mean it's not a dishonest industry.

Chiropractic for infants and toddlers. Wtf...

[killramos]

I get chiropractics in the states, I mean real medical care is expensive there so it’s easy to justify the delusion based on being cut rate.

In Canada where we are already fleeced to pay for medical care? It’s next level stupid.

[Buster]

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Chiropractic for infants and toddlers. Wtf...

Just as bad as chiropractors for adults.