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A Comparison: Bare Land Condo vs. Conventional Condo
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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.
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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.
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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.
159 Aspen Meadows Place SW
Calgary
T3H 4T2
$1,875,000
Residential
beds: 3
baths: 3.0
2,858 sq. ft.
built: 2002
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2157032
- Bedrooms:
- 3
- Bathrooms:
- 3
- Year Built:
- 2002
- Photos (45)
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Welcome to an exquisite retreat nestled in the coveted enclave of Aspen Estates, presenting a rare walkout bungalow crafted with entertaining and luxurious living in mind. This architectural marvel spans an impressive 5768 square feet of total living space and exudes modern elegance with bespoke features throughout. Step inside to discover an open-plan sanctuary adorned with coffered ceilings that dance overhead while natural light floods the space through grand windows. The heart of the home beats in the chef's dream kitchen, organized around a grand island, ideal for gatherings. Here, culinary prowess is inspired by top-notch amenities, including a gas cooktop stove and a discreet butler's pantry, perfect for keeping your secret recipes away from prying eyes. The living area, a true show-stopper, features a floor-to-ceiling, double-sided fireplace that ensures no conversation ever gets cold. The dining room comes equipped with custom built-ins, ready to display your finest vintages or cherished collectibles. Relaxation and tranquility define the large primary bedroom, complete with double walk-in closets and a spa-like 5-piece ensuite, offering a serene escape with its soaker tub and oversized shower. Dual sinks add convenience to luxury, ensuring mornings are as smooth as the home’s design. For those who revel in entertainment, the lower level will not disappoint. A sprawling family room/rec room boasts a second fireplace and a wet bar, adjacent to a full-scale theatre room for nights when Hollywood is called home. A wine room, hobby/fitness room, and two additional bedrooms ensure space and enjoyment for every family member. Step outside from the walkout basement to a screened patio area, an inviting backdrop for al fresco leisure, overlooking a meticulously landscaped yard. Other notable features include a dog spa, heated basement slab heating, central air conditioning, and a triple heated garage with epoxy flooring, reinforcing that no detail has been overlooked in crafting this former show home. Located just minutes from urban conveniences like shopping, schools, and leisure facilities, and with swift access to mountain escapes, this property isn’t just a home, it’s your gateway to a privileged lifestyle. Escape to paradise daily in this unsurpassed residency that awaits your arrival. Let the luxury envelop you and start creating memories in this unparalleled abode. Home shows extremely well with pride of ownership!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Bare Land
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- No
- Home Style:
- Bungalow
- Total Living Area:
- 2,858.25 sq. ft.
- Main Level Finished Area:
- 2,858.25 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Below Grade Finished Area:
- 2,672.06 sq. ft.
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- Condo Fee:
- $700.00
- Condo Fee Includes:
- Common Area Maintenance, Professional Management, Reserve Fund Contributions, Snow Removal
- HOA Fee Includes:
- Signup
- Lot Area:
- 9,752 sq. ft.
- Lot Frontage:
- 69'11¾"
- Acres Cleared:
- Signup
- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- West
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- One
- Total Rooms Above Grade:
- 5
- Year built:
- 2002 (Age: 22)
- Bedrooms:
- 3 (Above Grd: 1)
- Bedrooms Above Grade:
- 1
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 3.0 (Full:2, Half:1)
- Plan:
- 0013303
- Heating:
- Boiler, Central, In Floor, Natural Gas
- Basement:
- Full, Walk-Out To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Concrete, Stucco, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Ceramic Tile, Hardwood
- Cooling:
- Central Air
- Fireplaces:
- 2
- Fireplace Details:
- Double Sided, Family Room, Gas, Living Room, Tile
- Garage:
- 1
- Garage Spaces:
- 3
- Parking:
- Aggregate, Heated Garage, Insulated, Oversized, Triple Garage Attached
- Parking Places:
- 6.0
- Parking Total/Covered:
- 6 / -
- Laundry Features:
- Main Level
- Condo Fee Frequency:
- Annually
- Z-name Not Listed
- Aspen Woods
- None
- Bar Fridge, Central Air Conditioner, Dishwasher, Dryer, Electric Oven, Garage Control(s), Gas Cooktop, Range Hood, Refrigerator, Warming Drawer, Washer, Window Coverings
- Three Media Chairs
- Condo/Strata Approval, Restrictive Covenant, Utility Right Of Way
- Yes
- Floor
- Type
- Size
- Other
- Main Floor
- Entrance
- 9' × 8'7"
- Main Floor
- Kitchen
- 15'6" × 13'6"
- Main Floor
- Pantry
- 13'11" × 5'9"
- Main Floor
- Breakfast Nook
- 13'1" × 9'9"
- Main Floor
- Dining Room
- 14'10" × 13'11"
- Main Floor
- Living Room
- 24'2" × 15'10"
- Main Floor
- Bedroom - Primary
- 15'11" × 13'9"
- Main Floor
- Den
- 13'11" × 9'11"
- Main Floor
- Laundry
- 13'6" × 7'6"
- Basement
- Bedroom
- 13'8" × 13'3"
- Basement
- Bedroom
- 13'8" × 13'3"
- Basement
- Family Room
- 25'4" × 15'5"
- Basement
- Media Room
- 15'11" × 13'2"
- Basement
- Exercise Room
- 13'3" × 12'10"
- Basement
- Other
- 11' × 7'
- Basement
- Wine Cellar
- 13'3" × 11'
- Basement
- Entrance
- 15'3" × 10'3"
- Basement
- Mud Room
- 7' × 6'3"
- Basement
- Furnace/Utility Room
- 25' × 7'9"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- 5'10" x 4'11"
- Main Floor
- Yes
- 5
- 16'9" x 13'9"
- Basement
- No
- 5
- 13'3" x 9'3"
- Title to Land:
- Fee Simple
- Community Features:
- Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Interior Features:
- Bar, Built-in Features, Closet Organizers, Crown Molding, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Natural Woodwork, Open Floorplan, Recessed Lighting, Skylight(s), Sump Pump(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
- Exterior Features:
- BBQ gas line, Lighting
- Patio And Porch Features:
- Deck, Patio
- Lot Features:
- Back Yard, Front Yard, Lawn, Landscaped, Underground Sprinklers, Private, Treed
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone W
- Zoning:
- R-1
- Listed Date:
- Aug 15, 2024
- Days on Mkt:
- Signup
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Listed by RE/MAX Landan Real Estate
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $1,124,450
- Min list price:
- $399,900
- Max list price:
- $7,900,000
- Avg days on market:
- 45
- Min days on market:
- 2
- Max days on market:
- 248
- Avg price per sq.ft.:
- $490.83
These statistics are generated based on the current listing's property type
and located in
Aspen Woods. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Featured Listing
302 Royal Avenue Northwest
$439,900
MLS®#: A2175512
Bedrooms: 2
Bathrooms: 1.0
Floor Area: 1,172.18 sq. ft.
CIR Realty