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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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1516 22 Avenue SW
Bankview Calgary T2T 0R5

$1,550,000
Residential beds: 4 baths: 4.0 2,531 sq. ft. built: 2023

Main Photo: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 1: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 2: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 3: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 4: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 5: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Photo 6: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
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Photo 36: 1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2164112
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164112
Bedrooms:
4
Bathrooms:
4
Year Built:
2023
Welcome to 1516 22 Ave SW, a luxurious, brand-new infill offering breathtaking Downtown views in the highly sought-after Bankview neighborhood of Calgary. Spanning an impressive 3,465 square feet, this modern masterpiece boasts 4 bedrooms and 4 bathrooms, meticulously crafted to provide the ultimate in comfort and style. Step inside and be captivated by the vaulted wood-accented ceiling, setting the tone for the home's sophisticated design. The living room exudes warmth and charm, featuring custom built-ins, a striking stone gas fireplace, and large bay windows that fill the space with abundant natural light. A versatile den or office offers flexibility for today's lifestyle. The gourmet kitchen is a chef's dream, equipped with premium GE Café appliances, including a wall oven, microwave, gas cooktop, and a stone range hood. Elegant quartz countertops, a generous kitchen island, chic blue cabinetry, and a stunning white tile backsplash elevate the kitchen's aesthetic. A wine cellar adds an extra layer of sophistication. The adjacent dining room creates the perfect setting for both casual family meals and upscale entertaining. A convenient 2-piece powder room completes the main level. Upstairs, the master suite is a serene retreat, featuring a walk-in closet with custom built-ins and a lavish 5-piece ensuite with dual sinks, a soaker tub, and a steam shower. Two additional bedrooms, each with walk-in closets, share a stylish 4-piece bathroom. Enjoy stunning city views from the second-floor deck, ideal for relaxation or hosting guests. The well-appointed laundry room, with washer, dryer, sink, and ample storage, adds convenience to daily living. The walk-out basement offers a haven for entertainment and relaxation, complete with a spacious family room, wet bar, fourth bedroom, storage, and a 3-piece bathroom. The oversized lot provides a more spacious interior, enhancing the home's open and airy feel. Ideally located in Bankview, this exceptional home offers easy access to downtown Calgary, the trendy 17th Avenue Shopping District, Marda Loop, and Mount Royal University. With an array of unique and highly desirable features, this property is more than just a home—it's a lifestyle statement of luxury and modern living.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,531.48 sq. ft.
Main Level Finished Area:
1,431.13 sq. ft.
Upper Level Finished Area:
1,100.35 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
933.73 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,648 sq. ft.
Lot Frontage:
35'⅛"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2023 (Age: 1)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2310850
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Cement Fiber Board, Stone
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Sink, Upper Level
Bankview (Calgary)
Built-In Oven, Dishwasher, Dryer, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
Wine fridge in bar.
None Known
Floor
Type
Size
Other
Main Floor
Living Room
18'11" × 18'
Main Floor
Kitchen
18'5" × 11'4"
Main Floor
Dining Room
19'7" × 9'7"
Main Floor
Den
11'1" × 11'
2nd Floor
Bedroom - Primary
19' × 12'2"
2nd Floor
Walk-In Closet
11'1" × 4'11"
2nd Floor
Balcony
12'6" × 4'9"
2nd Floor
Bedroom
10'3" × 10'1"
2nd Floor
Walk-In Closet
6'7" × 4'4"
2nd Floor
Bedroom
10'3" × 9'11"
2nd Floor
Walk-In Closet
6'9" × 5'1"
2nd Floor
Laundry
8'10" × 5'7"
Basement
Family Room
17'6" × 17'4"
Basement
Bedroom
10'2" × 10'1"
Basement
Storage
8'11" × 3'5"
Basement
Furnace/Utility Room
12'5" × 6'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'11"
2nd Floor
Yes
5
8'4" x 13'4"
2nd Floor
No
4
4'11" x 8'10"
Basement
No
3
5'5" x 9'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bookcases, Built-in Features, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Soaking Tub, Storage, Walk-In Closet(s), Wet Bar
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Deck
Lot Features:
Low Maintenance Landscape, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d111
Listed Date:
Sep 10, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
Data was last updated October 18, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$491,500
Min list price:
$179,900
Max list price:
$2,378,000
Avg days on market:
33
Min days on market:
1
Max days on market:
173
Avg price per sq.ft.:
$417.82
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706