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A Comparison: Bare Land Condo vs. Conventional Condo

  1. Ownership Structure:

    • Bare Land Condo  In a bare land condo, the owner holds title to both the individual unit (such as a house) and the land it sits on. However, there may still be common areas and shared amenities that are collectively owned by all the unit owners within the development
    • Conventional Condo: In a conventional condo, the owner only holds title to the individual unit itself, not the land it occupies or any common areas. The land and common areas are typically owned by a homeowners' association (HOA) or condominium corporation, in which each unit owner holds a share.
  2. Property Type:

    • Bare Land Condo: This type of condo typically involves detached or semi-detached houses, townhouses, or duplexes, where each unit owner also owns the land on which their unit is built. The common areas in a bare land condo development may include things like roads, parks, or landscaping, which are jointly maintained by the owners.
    • Conventional Condo: Conventional condos usually consist of multi-unit buildings or complexes where each unit is individually owned but shares common areas and amenities such as hallways, elevators, parking lots, swimming pools, and recreational facilities. The land and common elements are collectively owned and maintained by the HOA or condominium corporation.
  3. Maintenance Responsibilities:

    • Bare Land Condo: Unit owners in a bare land condo are typically responsible for the maintenance and upkeep of their individual units as well as the portion of the common areas assigned to them. They may have more autonomy in making decisions about the maintenance and landscaping of their property.
    • Conventional Condo: Maintenance responsibilities in a conventional condo are often governed by the HOA or condominium corporation, which collects fees from unit owners to cover shared expenses such as landscaping, repairs, insurance, and amenities. Unit owners have less control over these decisions as they are typically made collectively by the HOA or condominium board.
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249 Acadia Drive SE
Acadia Calgary T2J 0A6

$699,900
Residential beds: 4 baths: 2.0 1,021 sq. ft. built: 1961

Main Photo: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 1: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 2: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 3: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 4: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 5: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Photo 6: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
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Photo 35: 249 Acadia Drive SE in Calgary: Acadia Detached for sale : MLS®# A2149197
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2149197
Bedrooms:
4
Bathrooms:
2
Year Built:
1961
A lovely front veranda welcomes you to this wonderful updated home in the desirable community of Acadia. This home features central air condition and offers an open floor plan with laminate flooring throughout. The living room features a large window to allow in plenty of natural light and an adjacent dining area. The spacious kitchen features a timeless white cabinets and a bay window looking into a south facing backyard. The primary bedroom offers patio doors leading to a deck, great to enjoy your morning coffee. Two additional bedrooms and a full bathroom complete this level. The basement features vinyl plank throughout, a large family room with a dry bar, a large bedroom, a full bathroom, storage room, laundry room with a sink and a mechanical room. A large south facing backyard is fenced and offers a heated double car garage. This home is conveniently close to shopping centres including Deerfoot Meadows with Costco, Ikea, and many other shops and restaurants and The Fairmount Place Shopping Centre where the Italian Centre is located. Acadia offers access to many public, separate, chartered and private schools, daycares, an indoor tennis centre, and the Acadia recreation complex.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,021 sq. ft.
Main Level Finished Area:
1,021 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,221 sq. ft.
Lot Frontage:
70'10½"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1961 (Age: 63)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2303ID
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt
Ensuite:
No
Flooring:
Ceramic Tile, Laminate, Vinyl
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Acadia
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Refrigerator, Washer, Window Coverings
Storage Shed, Chest freezer in the basement.
None Known
Floor
Type
Size
Other
Main Floor
Entrance
8'2" × 3'11"
Main Floor
Living Room
13'9" × 13'1"
Main Floor
Kitchen
13' × 12'4"
Main Floor
Dining Room
9'10" × 9'2"
Main Floor
Bedroom - Primary
12' × 10'
Main Floor
Bedroom
11'2" × 8'4"
Main Floor
Bedroom
11'1" × 7'5"
Main Floor
Laundry
8'3" × 7'8"
Basement
Bedroom
12'8" × 9'9"
Basement
Game Room
25'4" × 13'7"
Basement
Storage
7'6" × 5'1"
Basement
Furnace/Utility Room
6' × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'8" x 5'
Basement
No
3
8'9" x 5'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Corner Lot, Low Maintenance Landscape, Irregular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
Jul 12, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$629,900
Min list price:
$214,900
Max list price:
$899,900
Avg days on market:
17
Min days on market:
2
Max days on market:
114
Avg price per sq.ft.:
$590.8
These statistics are generated based on the current listing's property type and located in Acadia. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706