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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.
Jan 11, 2025
12:00 PM
-
01:00 PM
MST
40 Masters Landing SE
Calgary
T3M 2B2
$1,615,000
Residential
beds: 5
baths: 4.0
3,018 sq. ft.
built: 2015
Open House
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Jan 11, 2025
12:00 PM
-
01:00 PM
MST
NOTES: Open House on Saturday, January 11, 2025 12:00PM - 1:00PM
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2174454
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 2015
- Photos (46)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
OPEN HOUSE SATURDAY JAN 11 12 PM - 1 PM. Welcome to an extraordinary home in the highly sought-after Mahogany SE neighborhood, where spaciousness meets stunning beauty. This two-storey residence features five bedrooms and four bathrooms, offering over 4,300 sq. ft. of thoughtfully designed living space—all backing onto the picturesque Mahogany Lake.
As you approach, you'll notice the expansive double driveway leading to a generously sized, east-facing double-attached garage, capable of accommodating up to four vehicles. Upon entering, you're welcomed by an open floor plan illuminated by soaring ceilings and massive windows that flood the space with natural light. The main floor features a harmonious blend of tile and wide-plank hardwood flooring.
To your left, the formal dining room is perfect for hosting gatherings, while the adjacent living room boasts a breathtaking vaulted, beamed ceiling and a striking gas fireplace surrounded by stone that reaches the ceiling. The large windows provide an unobstructed view of the lake, allowing you to enjoy the changing seasons from the comfort of your home.
The kitchen is a chef's dream, filled with natural light and featuring gleaming granite countertops and warm cabinetry. Equipped with a spacious island, gas cooktop, stainless steel appliances—including a new dishwasher and built-in oven, it’s designed for culinary enthusiasts. The freshly painted interior enhances the kitchen's inviting ambiance.
Entertain in style on the covered patio, accessed through the dining nook, where a newly painted fence ensures added privacy. An additional room on this level can serve as a home office or guest bedroom, complemented by a convenient 3-piece bath and mudroom.
Upstairs, the carpeted second floor is awash in natural light. A versatile bonus room at the top of the stairs can function as a play area or family room, open to the living room below. The primary bedroom is a private retreat, featuring a luxurious 5-piece walk-through ensuite with a jetted soaker tub, double sinks, and a spacious walk-in closet. Two additional bedrooms with ample closet space share a well-appointed 4-piece bath. A laundry room with a sink and shelving adds convenience to this level.
The fully developed basement boasts new flooring, a wet bar, a bar fridge, a microwave, a dedicated theater room (complete with equipment and screen), an additional bedroom, and a 4-piece bathroom.
Step outside to the west-facing backyard, a serene oasis with a stamped concrete patio, low-maintenance landscaping enhanced by fake grass and white rock in the flower beds, and easy access to green spaces leading directly to the lake.
This lovely home also features recently painted front and back doors, adding to its curb appeal and modern aesthetic. Ideally located near Stoney and Deerfoot Trails, shopping, schools, and the Mahogany Beach Club, this meticulously cared-for home is filled with upgrades and modern conveniences. Schedule your viewing today!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- 2 Storey
- Total Living Area:
- 3,018 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Frequency:
- Monthly
- HOA Fee Includes:
- Signup
- Lot Area:
- 5,414 sq. ft.
- Lot Frontage:
- 43'1¾"
- 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:
- East
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- Two
- Total Rooms Above Grade:
- 10
- Year built:
- 2015 (Age: 10)
- Bedrooms:
- 5 (Above Grd: 4)
- Bedrooms Above Grade:
- 4
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 4.0 (Full:4, Half:0)
- Plan:
- 1410860
- Heating:
- Fireplace(s), Forced Air
- Basement:
- Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Mixed, Stone, Stucco
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Ceramic Tile, Hardwood
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Gas, Living Room
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached
- Parking Places:
- 4.0
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- Laundry Room, Sink, Upper Level
- HOA Fee:
- $83.13
- Mahogany
- Clubhouse, Park, Picnic Area, Recreation Room
- Bar Fridge, Built-In Oven, Dishwasher, Dryer, Garage Control(s), Garburator, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
- None
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Dining Room
- 13'6" × 12'1"
- Main Floor
- Dining Room
- 16' × 10'4"
- Main Floor
- Foyer
- 11'11" × 6'9"
- Main Floor
- Kitchen
- 16' × 10'1"
- Main Floor
- Living Room
- 17'1" × 14'4"
- Main Floor
- Mud Room
- 7'9" × 6'10"
- Main Floor
- Bedroom
- 12'3" × 11'8"
- Main Floor
- Bedroom
- 14'5" × 11'4"
- 2nd Floor
- Bedroom
- 14'5" × 12'2"
- 2nd Floor
- Family Room
- 16'3" × 13'7"
- 2nd Floor
- Laundry
- 7'10" × 7'10"
- 2nd Floor
- Bedroom - Primary
- 16'1" × 15'4"
- 2nd Floor
- Walk-In Closet
- 12' × 8'4"
- Basement
- Other
- 14'7" × 14'6"
- Basement
- Bedroom
- 14'8" × 13'8"
- Basement
- Game Room
- 16'8" × 14'1"
- Basement
- Storage
- 10'4" × 5'
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 3
- 6' x 7'9"
- 2nd Floor
- No
- 4
- 5' x 10'8"
- 2nd Floor
- Yes
- 5
- 12' x 12'
- Basement
- No
- 4
- 7'10" x 5'
- Title to Land:
- Fee Simple
- Community Features:
- Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
- Interior Features:
- Bar, Breakfast Bar, Central Vacuum, Chandelier, Granite Counters, High Ceilings, Jetted Tub, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s), Wired for Data, Wired for Sound
- Exterior Features:
- Awning(s), Lighting, Private Yard, Rain Gutters
- Patio And Porch Features:
- Awning(s), Deck, Rear Porch, Screened
- Lot Features:
- Back Yard, Backs on to Park/Green Space, Beach, Lake, Front Yard, Low Maintenance Landscape, No Neighbours Behind, Landscaped, Open Lot, Private, Treed, Views
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone SE
- Zoning:
- R-G
- Listed Date:
- Nov 01, 2024
- Days on Mkt:
- Signup
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Virtual Tour
3D Tour
Virtual Tour
Listed by Comox Realty
Data was last updated January 10, 2025 at 05:30 AM (UTC)
Area Statistics
- Listings on market:
- 63
- Avg list price:
- $664,900
- Min list price:
- $329,500
- Max list price:
- $2,740,000
- Avg days on market:
- 52
- Min days on market:
- 1
- Max days on market:
- 433
- Avg price per sq.ft.:
- $454.75
These statistics are generated based on the current listing's property type
and located in
Mahogany. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Featured Listing
302 Royal Avenue Northwest
$399,900
MLS®#: A2175512
Bedrooms: 2
Bathrooms: 1.0
Floor Area: 1,172.18 sq. ft.
CIR Realty