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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.
88 Nolancrest Green NW
Calgary
T3R 0V9
$849,900
Residential
beds: 5
baths: 4.0
2,090 sq. ft.
built: 2015
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2165500
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 2015
- Photos (43)
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2 Bedrooms Legal Walkout Basement Suite. Live up and rent down. Calling all first time buyers and investors. Welcome Home! Why pay rent when you can own. This lovely home is awaiting for the new owners. The moment you enter will definitely be impressed! Pride of ownership is visible in every corner. Welcome to this well kept home with 3+2 bedrooms, 3.5 washrooms, boasting around 2900 SQFT of total living space, in the heart of super popular Nolan Hill community. As you walk in, the front entry opens to a Flex Room that can be an office, den. The main floor features nine feet knockdown ceiling, ceramic tile, hallway, and half bathroom with maple hardwood floors throughout. The open concept living, dining room, and kitchen completes the main living area with stainless steel appliances, upgraded island and corner pantry. Enjoy BBQ and entertain your guests on the spacious balcony off the dining room. The laundry room is conveniently located in the main floor. Upstairs goes well with the flow and you'll definitely be impressed with the large bonus room plus vaulted ceilings and plenty of natural light! The good sized primary bedroom includes a 5 pcs ensuite & walk in closet. The other two bedrooms are generous sized. Walkout Basement is fully finished with two bedrooms Legal Suite, 9 feet ceiling, separate entrance and laundry - which can be a great mortgage helper, currently rented at $1650/month plus utilities. For your privacy, the backyard is fully fenced. Close to all amenities, shopping and all major road connections. The convenient location of Nolan Hill is one of the many things that make it a great choice for homebuyers who are interested in finding a welcoming community that is family oriented, peaceful, and convenient to everything you may need for your families daily life. A wonderful place to call home. Please call your favorite Realtor before its gone. You won't be disappointed.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Legal
- Home Style:
- 2 Storey
- Total Living Area:
- 2,090 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Frequency:
- Annually
- HOA Fee Includes:
- Signup
- Lot Area:
- 4,154 sq. ft.
- Lot Frontage:
- 30'1½"
- 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:
- South
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- Two
- Total Rooms Above Grade:
- 8
- Year built:
- 2015 (Age: 9)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 4.0 (Full:3, Half:1)
- Plan:
- 1413244
- Heating:
- Forced Air
- Basement:
- Full, Suite, Walk-Out To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Concrete, Vinyl Siding
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Hardwood, Laminate
- Cooling:
- None
- Fireplaces:
- 1
- Fireplace Details:
- Gas
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached
- Parking Places:
- 4.0
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Basement, Main Level, Multiple Locations
- HOA Fee:
- $105.00
- Nolan Hill
- Other
- Dishwasher, Dryer, Electric Range, Garage Control(s), Range Hood, Refrigerator, Washer, Washer/Dryer, Window Coverings
- N/A
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Entrance
- 4'10" × 4'3"
- Main Floor
- Mud Room
- 5'11" × 4'2"
- Main Floor
- Laundry
- 5'5" × 5'3"
- Main Floor
- Bonus Room
- 11'7" × 11'6"
- Main Floor
- Living Room
- 17' × 11'8"
- Main Floor
- Kitchen
- 12'3" × 8'8"
- Main Floor
- Pantry
- 3'7" × 3'7"
- Main Floor
- Dining Room
- 12'9" × 8'11"
- Main Floor
- Balcony
- 12' × 6'5"
- 2nd Floor
- Bedroom - Primary
- 15'11" × 11'11"
- 2nd Floor
- Walk-In Closet
- 8'1" × 5'4"
- 2nd Floor
- Bedroom
- 12'3" × 8'8"
- 2nd Floor
- Bedroom
- 12'3" × 8'8"
- 2nd Floor
- Bonus Room
- 17'3" × 16'11"
- Basement
- Family Room
- 18'3" × 9'8"
- Basement
- Bedroom
- 11'4" × 9'11"
- Basement
- Nook
- 6'11" × 5'4"
- Basement
- Kitchen
- 9'10" × 8'11"
- Basement
- Bedroom
- 9'2" × 7'11"
- Basement
- Laundry
- 4'5" × 3'5"
- Basement
- Storage
- 8'10" × 6'2"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- 4'9" x 5'4"
- 2nd Floor
- Yes
- 5
- 11'4" x 8'7"
- 2nd Floor
- No
- 4
- 7'7" x 8'1"
- Basement
- No
- 4
- 8'9" x 4'11"
- Title to Land:
- Fee Simple
- Community Features:
- Playground, Shopping Nearby, Street Lights
- Interior Features:
- Kitchen Island, No Animal Home, Separate Entrance
- Exterior Features:
- Barbecue, Private Entrance, Private Yard
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Yard, Landscaped, Rectangular Lot
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone N
- Zoning:
- R-1N
- Listed Date:
- Sep 12, 2024
- Days on Mkt:
- Signup
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Listed by Century 21 Argos Realty
Data was last updated October 18, 2024 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 29
- Avg list price:
- $569,900
- Min list price:
- $425,000
- Max list price:
- $1,119,900
- Avg days on market:
- 29
- Min days on market:
- 1
- Max days on market:
- 92
- Avg price per sq.ft.:
- $356.77
These statistics are generated based on the current listing's property type
and located in
Nolan Hill. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Featured Listing
54 Walden Heath Southeast
$769,900
MLS®#: A2172218
Bedrooms: 3
Bathrooms: 4.0
Floor Area: 2,148.95 sq. ft.
CIR Realty