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.
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.
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.
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
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.
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.
$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
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.
Worst rural area anywhere around calgary. By a long shot. Total shithole.
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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.
How come ?Originally posted by ExtraSlow
Worst rural area anywhere around calgary. By a long shot. Total shithole.
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.
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.
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.
It's in the Conrich area East of Calgary. It's cheap because its the ghetto on a swamp.
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!
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.