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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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306 510 6 Avenue SE
Downtown East Village Calgary T2G 1L7

$525,000
Residential beds: 2 baths: 2.0 1,024 sq. ft. built: 2015

Main Photo: 306 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2148578
Photo 1: 306 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2148578
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2148578
Bedrooms:
2
Bathrooms:
2
Year Built:
2015
*VISIT MULTIMEDIA LINK FOR FULL DETAILS* Experience downtown urban living at its finest in this bright, open-concept 2-bed, 2-bath corner unit. Boasting over 1,000 sq ft of functional living space, the unit is bathed in natural light from floor-to-ceiling windows, creating an airy atmosphere. The large entryway includes a front closet for storage and a built-in desk nook ideal for working from home. The gourmet kitchen features an upgraded Jenn-Air stainless steel appliance package, sleek granite counters, a granite backsplash, dual-tone cabinetry, and an oversized central island with a dual basin sink and bar seating. The spacious living area is designed for comfort with floating wall storage and two large balconies offering stunning views of downtown Calgary and the Bow River. The primary suite includes plush carpet, dual closets, a luxurious 5-piece ensuite with dual vanities, a deep soaker tub, and an oversized shower. The generously sized secondary bedroom has floor-to-ceiling windows, a large closet, and cheater access to the main 3-piece bathroom, which includes a granite countertop vanity and a walk-in shower. The unit also features in-suite laundry, an assigned parking spot, and a storage unit. The Evolution condo complex offers premium amenities like concierge security, underground parking, a rooftop picnic area with BBQ, and fitness facilities with saunas and steam rooms. Located in East Village, you'll easily access coffee shops, the RiverWalk, LRT, Calgary Public Library, Studio Bell, a dog park, a community garden, and various shops. St. Patrick's Island is a block away, with more shopping and dining options nearby. This stylish condo with premium amenities in a prime location is perfect for modern urban living in Calgary. Contact us today for your private viewing!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
1,023.92 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$924.89
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Water
HOA Fee Includes:
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:
Unit Exposure:
Northwest
Floor Location:
Other
Entry Level:
3
Stories Total:
32
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1512254
Heating:
See Remarks
New Constr.:
No
Construction Material:
Brick, Concrete, Metal Siding
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Assigned, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Evolution
Downtown East Village
Elevator(s), Fitness Center, Sauna, Secured Parking, Storage, Visitor Parking
Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
Board Approval, Condo/Strata Approval, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
14'3" × 10'2"
Main Floor
Kitchen
13'3" × 9'1"
Main Floor
Dining Room
13'10" × 7'
Main Floor
Bedroom - Primary
12'1" × 10'11"
Main Floor
Bedroom
10'11" × 9'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
0' x 0'
Main Floor
Yes
5
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, See Remarks, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-EMU
Listed Date:
Jul 11, 2024
Days on Mkt:
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Listed by RE/MAX House of Real Estate
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$380,000
Min list price:
$239,900
Max list price:
$899,000
Avg days on market:
54
Min days on market:
2
Max days on market:
162
Avg price per sq.ft.:
$526.38
These statistics are generated based on the current listing's property type and located in Downtown East Village. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706