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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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1002 510 6 Avenue SE
Downtown East Village Calgary T2G 1L7

$499,900
Residential beds: 2 baths: 2.0 1,042 sq. ft. built: 2016

Main Photo: 1002 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2157551
Photo 1: 1002 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2157551
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157551
Bedrooms:
2
Bathrooms:
2
Year Built:
2016
Come see this beautiful NW CORNER 2 bedroom 2 bath in the PULSE tower at EVOLUTION. This great suite built by Bosa Developments includes a chef inspired kitchen, floor to ceiling windows, A/C, multiple thermostats for different temps in each room, a large patio with gas hookup, heated floors, and great views of the bow river and downtown Calgary. Amenities include a full Fitness facility with sauna and steam room, an Owners Lounge with a full kitchen, Concierge and a Full time security desk, a Courtyard with communal BBQs and lots of visitor parking and bicycle storage. Well located in East Village and just a few blocks away from the City Hall train station and the +15. You are steps away from many shops and restaurants, St Patricks Island, the River path, the new Central Library, Studio Bell, and don’t forget the new SUPERSTORE right across the street. Don't miss out... book your showing today! -
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:
1,042 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$924.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Interior Maintenance, Parking, Professional Management, Reserve Fund Contributions, Security, Snow Removal, Trash, Water
HOA Fee Includes:
Lot Frontage:
0'
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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Other
Entry Level:
10
Stories Total:
33
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1512254
Heating:
Forced Air, Natural Gas
Builder:
Embassy Bosa
New Constr.:
No
Construction Material:
Brick, Concrete, Metal Siding, Stone
Structure Type:
High Rise (5+ stories)
Roof:
Membrane
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Sep. HVAC Units
Fireplaces:
0
Garage:
0
Parking:
Assigned, Parkade, 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, Parking, Party Room, Playground, Recreation Room, Snow Removal, Storage, Trash, Visitor Parking
Dishwasher, Dryer, Gas Range, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
n/a
None Known
Yes
Floor
Type
Size
Other
Main Floor
Dining Room
10'3" × 8'4"
Main Floor
Kitchen
9'7" × 8'3"
Main Floor
Bedroom
11'2" × 10'
Main Floor
Bedroom - Primary
13'11" × 11'7"
Main Floor
Laundry
5'8" × 5'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
7'10" x 8'8"
Main Floor
No
3
8'3" x 5'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Closet Organizers, Granite Counters, No Animal Home, No Smoking Home
Exterior Features:
Built-in Barbecue, Courtyard
Patio And Porch Features:
Patio
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-EMU
Listed Date:
Aug 29, 2024
Days on Mkt:
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Listed by City Homes Realty
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