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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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43 30 Avenue SW
Erlton Calgary T2S 2Y4

$979,900
Residential beds: 4 baths: 2.0 979 sq. ft. built: 1940

Main Photo: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 1: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 2: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 3: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 4: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 5: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 6: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
Photo 7: 43 30 Avenue SW in Calgary: Erlton Detached for sale : MLS®# A2138311
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2138311
Bedrooms:
4
Bathrooms:
2
Year Built:
1940
Attention Investors and Developers! Discover a rare opportunity to acquire a prime piece of real estate boasting some of the best unobstructed views of downtown. This 50 by 138-foot lot offers a developer a remarkable future development space. Built in the 1940s, this charming bungalow has been meticulously maintained and thoughtfully renovated over the years. The main floor features an inviting open floor plan that seamlessly connects a spacious living room, a dining area ample enough for most tables, and a well-appointed kitchen complete with an island and a cozy breakfast nook. French doors from the nook open to an outdoor deck, creating an ideal space for indoor-outdoor living. The main floor is complemented by a convenient 2-piece bathroom and a versatile bedroom that can double as an office. The fully developed basement offers additional living space, including three bedrooms, a full 4-piece bathroom, and dedicated areas for laundry and storage. The front yard provides wonderful views of downtown and is perfect for gardening enthusiasts. The south-facing backyard features a deck, a storage shed, and an older single garage that requires some TLC. Don't miss out on this extraordinary opportunity to invest in a unique property with immense potential for future development. Seize this chance to own a piece of prime real estate with unmatched views and endless possibilities!
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:
978.7 sq. ft.
Main Level Finished Area:
978.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
825.16 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,888 sq. ft.
Lot Frontage:
50'
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:
4
Year built:
1940 (Age: 84)
Bedrooms:
4 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
3
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
960AM
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Erlton
Dishwasher, Dryer, Range Hood, Refrigerator, Stove(s), Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'3" × 13'8"
Main Floor
Dining Room
16'3" × 13'8"
Main Floor
Kitchen
13' × 12'11"
Main Floor
Breakfast Nook
11' × 8'11"
Main Floor
Bedroom - Primary
10'11" × 9'11"
Basement
Bedroom
12'9" × 11'7"
Basement
Bedroom
11'6" × 11'6"
Basement
Bedroom
15'9" × 11'9"
Basement
Laundry
8'7" × 2'10"
Basement
Furnace/Utility Room
4'2" × 2'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
8'1" x 4'11"
Basement
No
4
7'7" x 6'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Kitchen Island
Exterior Features:
Storage
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Lane, Back Yard, Irregular Lot, Landscaped, Street Lighting, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d72
Listed Date:
Jun 05, 2024
Days on Mkt:
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Additional Images

Virtual Tour

Listed by TREC The Real Estate Company
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
4,996
Avg list price:
$595,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
32
Min days on market:
1
Max days on market:
464
Avg price per sq.ft.:
$437.38
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706