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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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111 Martinwood Place NE
Martindale Calgary T3J 3H5

$615,000
Residential beds: 5 baths: 3.0 1,074 sq. ft. built: 1992

Main Photo: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 1: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 2: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 3: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 4: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 5: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 6: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 7: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 8: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 9: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 10: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 11: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 12: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 13: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 14: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 15: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 16: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 17: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 18: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 19: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 20: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Photo 21: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172122
Bedrooms:
5
Bathrooms:
3
Year Built:
1992
Welcome to This beautiful Bi-Level house situated in Martindale northeast Calgary with all the Amenities at walk-in Distance. Just a minute walk from Dashmesh cultural centre. This 5 bedrooms, 3 Full bathrooms, Finished Basement suite (illegal & 2 Car Garage house offers you to Live Up 7 Rent Down option. Upon entering the huge Living area with high ceiling & great sized window will amaze you. Moving forward a great sized kitchen comes with lots of storage space & a good sized Dinning area with a patio door beside it. On this Main Level you will get 3 Bedrooms out of which 1 Big sized is a Primary Bedroom with a good sized closet & attached Full Bathroom to it. Other 2 decent sized bedrooms shares one common full bathroom. The Basement is a Rentable Suite (illegal) with 2 good sized Bedrooms, Living & dinning area, a decent sized kitchen & a full Bathroom. Both the levels have their own separate Laundry. 2 Car Garage comes at the back of the house . This house is a great potential to Live Up & Rent Down or for the investors. Happy showings!!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level
Total Living Area:
1,074.24 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,755 sq. ft.
Lot Frontage:
28'
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1992 (Age: 33)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9110057
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Martindale
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
10'10" × 9'3"
Main Floor
Bedroom
11' × 8'7"
Main Floor
Dining Room
11'4" × 10'7"
Main Floor
Kitchen
11'6" × 8'11"
Main Floor
Bedroom - Primary
14' × 10'
Main Floor
Living Room
16'7" × 14'10"
Basement
Bedroom
12'1" × 8'4"
Basement
Bedroom
12'6" × 10'11"
Basement
Kitchen
12'7" × 9'4"
Basement
Game Room
12'8" × 12'4"
Basement
Furnace/Utility Room
10' × 5'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
6' x 6'7"
Main Floor
No
4
6'10" x 6'7"
Basement
No
4
7'11" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Other
Lot Features:
Other
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Oct 10, 2024
Days on Mkt:
  • Photo 1: 111 Martinwood Place NE in Calgary: Martindale Detached for sale : MLS®# A2172122
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Listed by Coldwell Banker YAD Realty
Data was last updated January 10, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$577,450
Min list price:
$430,000
Max list price:
$799,900
Avg days on market:
50
Min days on market:
1
Max days on market:
169
Avg price per sq.ft.:
$468.79
These statistics are generated based on the current listing's property type and located in Martindale. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706