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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 Rosery Drive NW in Calgary: Rosemont Detached for sale : MLS®# A2162644

    43 Rosery Drive NW Rosemont Calgary T2K 1L4
    Main Photo: 43 Rosery Drive NW in Calgary: Rosemont Detached for sale : MLS®# A2162644

    43 Rosery Drive NW Calgary T2K 1L4 Rosemont

    $2,600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2162644
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    3,460 sq. ft.
    Welcome to Rosery Dr, one of the most desirable locations within the sought after community of Rosemount. This truly one-of-a-kind home has been masterfully designed and constructed with the utmost care and skill. This absolutely stunning custom home offers approximately 5000 Sqft of developed interior space with another 900 Sqft of exterior patio space, all while overlooking the beautiful Confederation Park that this home backs on to. Throughout the 4 bed (with option to convert to 5) + 3.5 bath home, you will find solid cherrywood custom millwork, walnut floors, custom cabinetry & built-ins. At the front of the house you will find an stunning office which is completely surrounded by custom Cherry wood built-ins & features a beautiful coffered ceiling. The open kitchen features high-end Miele appliances, a large island, granite counters, copper hood & a stunning backsplash with a fireback stone feature from the 1800s. The cozy living room is centred by a large gas fireplace & more custom built-ins. From the fir beams to the wood paneling, the spacious dining room makes for an excellent spot to host those family dinners. Off of the kitchen and through the sliding doors you will find the massive deck which showcases views of the park. On the deck you will find, a beautiful gas fireplace, an electric awning, 3 gas hook-ups for a heater as well as a BBQ and a smoker. Take the elevator up & you will find a large bonus room and two spacious bedrooms along with a 4 piece main bath that features a curbless “roll-in” shower. At the end of the hall is where you will find the large laundry/craft room complete with custom cabinetry & a salon sink. Lastly, the gorgeous primary suite features two electric fireplaces, blackout Hunter Douglas - top down blinds as well as a spa-like 6 piece ensuite with a beautiful cast iron claw tub, double sink vanity, a large double shower and heated tile floors. The walk-in closet is surrounded from floor to ceiling with custom Cherrywood cabinetry and an island with storage centred in the middle. Travel down to the basement and you will find in-floor heated, acid washed concrete floors throughout, 9’ ceilings & loads more of custom millwork. This basement also features an open rec/games room with wet bar & a built-in kegerator, a theatre room, a custom 500 bottle wine room, large gym, 4th bedroom & a 4 piece bath with steam shower. The huge attached 4 car garage is finished with in-floor heating, 9’ ceilings, custom cabinetry, 200A panel + hot & cold water service. Outside the double garage doors you will find a large courtyard with enough space to park 4 more vehicles or let the kids use it as a sports court! From the brick/hardie board siding, the triple pane Lux windows, the Malarkey shingles, the vinyl fence & the aggregate concrete, this house was built to last. Also note with the elevator which travels from basement/garage level to the top floor, the roll-in shower and 34” doorways throughout, this house is wheelchair accessible. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 30 Roselawn Crescent NW in Calgary: Rosemont Detached for sale : MLS®# A2152277

    30 Roselawn Crescent NW Rosemont Calgary T2K 1K6
    Main Photo: 30 Roselawn Crescent NW in Calgary: Rosemont Detached for sale : MLS®# A2152277

    30 Roselawn Crescent NW Calgary T2K 1K6 Rosemont

    $2,599,000
    Residential
    Status:
    Active
    MLS® Num:
    A2152277
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,782 sq. ft.
    Step into luxury living in the heart of Rosemont! This brand-new custom-built bungalow, nestled just steps away from Confederation Park, is a masterpiece in the making. This home is in the final stages of completion, promising a perfect blend of elegance and modern design. As you enter, be greeted by a spacious foyer that sets the tone for the grandeur within. The main living areas boast 10-foot ceilings, creating an expansive and airy ambiance. The generously sized living room is bathed in natural light streaming through large windows, accentuating the beauty of the space. A custom-built library wall adds a unique touch, making this home truly one-of-a-kind. Upstairs, discover three large bedrooms, two full bathrooms, and a conveniently placed powder room off the kitchen. The kitchen itself is a chef's delight, featuring a sizable walk-in butler's pantry complete with shelving and storage for all your culinary needs. The dining room is a haven of natural light, thanks to its expansive doors leading to the deck. Picture yourself entertaining guests in this stylish space, surrounded by the beauty of Rosemont. The primary bedroom is a retreat in itself, offering a built-in walk-in closet and a spacious ensuite with a large walk-in shower, a free-standing tub, and a double vanity. Every detail speaks to luxury and comfort. Venture downstairs to the basement, where a built-in locker system awaits your arrival from the oversized drive-under garage. This garage is a car enthusiast's dream, promising both functionality and style. Don't miss the chance to make this extraordinary home yours. Experience the epitome of high-end living in Rosemont. Contact us now to schedule a viewing and take the first step towards calling this stunning property your own! For more details, including photos, builder plans and more, click the links below. More details
    Listed by eXp Realty
    LISTING DETAILS

  • 75 Chelsea Street NW in Calgary: Rosemont Detached for sale : MLS®# A2160691

    75 Chelsea Street NW Rosemont Calgary T2K 1P1
    Main Photo: 75 Chelsea Street NW in Calgary: Rosemont Detached for sale : MLS®# A2160691

    75 Chelsea Street NW Calgary T2K 1P1 Rosemont

    $1,049,000
    Residential
    Status:
    Active
    MLS® Num:
    A2160691
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,382 sq. ft.
    Just move in and enjoy this amazing home finished on all 4 levels in desirable Rosemont. This beautiful home is situated on a massive lot on a quiet street within close proximity to all amenities including schools, parks, shopping and main arteries. The house was completely renovated in 2021 including: NEW plumbing (including hot water tank), NEW electrical, NEW drywall and insulation, NEW energy efficient windows, NEW handscraped hardwood flooring, NEW S/S appliances, NEW Quartz countertops, NEW LED lighting throughout and so much more! An exterior renovation was also completed at the same time which included NEW Stucco/Cedar. Since the renovation in 2021, the roof was replaced in May 2023, a new furnace, humidifier and Central A/C were installed in October 2023 and the washer and dryer were replaced in February 2024! All that awaits are your personal touches. Don't miss your opportunity to own this spectacular property! More details
    Listed by RE/MAX iRealty Innovations
    LISTING DETAILS

  • 1336 / 1338 Rosehill Drive NW in Calgary: Rosemont Full Duplex for sale : MLS®# A2161999

    1336 / 1338 Rosehill Drive NW Rosemont Calgary T2K 1M4
    Main Photo: 1336 / 1338 Rosehill Drive NW in Calgary: Rosemont Full Duplex for sale : MLS®# A2161999

    1336 / 1338 Rosehill Drive NW Calgary T2K 1M4 Rosemont

    $975,000
    Residential
    Status:
    Active
    MLS® Num:
    A2161999
    Bedrooms:
    6
    Bathrooms:
    3
    Floor Area:
    1,868 sq. ft.
    Wow...don’t miss out on this exceptional opportunity to own a full duplex with plenty of upgrades in the popular inner-city community of Rosemont! Both sides are CLEAN and BRIGHT with a charming vintage vibe all while boasting RENOVATED living areas. The four-level split design is identical on both sides. The main floor features a large living room, dining room, eat-in kitchen and full bathroom. Just up a few stairs are two good sized bedrooms. On the lower level you’ll find the third large bedroom which could also function as a family room, office or recreation space. The basement level currently contains the laundry area and massive amounts of storage. Side 1336 offers up such upgrades as CENTRAL A/C, a Kinetico reverse osmosis water filtration system, ThermaSol steam shower, Grohe fixtures, Fisher Paykal drawer dishwasher, gas fireplace and a second 3-piece bathroom on the basement level. Side 1338 has just had a complete refresh including flooring, kitchen, bathroom and paint. The convenient SIDE ENTRANCES lends the property to future development and the rear yard is fully paved offering convenient off-street parking and two storage sheds. Enjoy easy access to U of C, SAIT, downtown, Confederation Park and golf course, Calgary Winter Club and major transportation routes. A great choice for families, first-time buyers and investors alike considering the dual potential residing and renting, this TURN KEY duplex stands as a smart investment in a prime inner-city location. More details
    Listed by Coldwell Banker Mountain Central
    LISTING DETAILS

  • 70 Chelsea Street NW in Calgary: Rosemont Detached for sale : MLS®# A2138953

    70 Chelsea Street NW Rosemont Calgary T2K 1N9
    Main Photo: 70 Chelsea Street NW in Calgary: Rosemont Detached for sale : MLS®# A2138953

    70 Chelsea Street NW Calgary T2K 1N9 Rosemont

    $768,000
    Residential
    Status:
    Active
    MLS® Num:
    A2138953
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,088 sq. ft.
    HUGE PRICE CORRECTION!! PRIME INVESTMENT OPPORTUNITY – RENT UP & DOWN! Nestled in the highly sought-after community of Rosemont, this gorgeous home presents a rare opportunity to own a meticulously renovated bungalow that exudes modern elegance and functionality. This 3 bedroom home with a 2 BEDROOM BASEMENT SUITE (Illegal) has undergone a complete transformation in 2021, stripped down to the studs and professionally rebuilt with new wiring and plumbing, resulting in a stunning open-concept layout with exquisite finishes throughout. Step inside to discover a bright and inviting gourmet kitchen, boasting classic soft-close white cabinetry, quartz countertops, a center island/breakfast bar, and new stainless-steel appliances, including a gas stove—a dream for any culinary enthusiast. The spacious living room sets the stage for relaxation and entertainment, enhanced by a stylish and modern electric fireplace, creating the perfect ambiance for cozy evenings. From smooth ceilings to upgraded lighting and high-grade, wide-plank laminate flooring, every detail of this home has been thoughtfully considered to provide both style and comfort. The main level features three generously sized bedrooms and a pristine 4-piece main bathroom, offering ample space for family living. Venture downstairs via the separate side entrance to discover a self-contained suite (illegal), complete with common area laundry, two bedrooms with new egress windows, a contemporary 3-piece bathroom, and a fully functioning second kitchen—an ideal setup for extended family or potential rental income. Additional updates include a new hot water tank, newer furnace, and roof, ensuring peace of mind for years to come. Outside, the rear 24x22 garage boasts new doors and roof, with the potential to create a rooftop patio with proper permits, offering an additional 525 square feet of outdoor living space—a rare find in this desirable location. Conveniently located just 10 minutes from downtown and within walking distance to Confederation Park, schools, and amenities, this home offers the perfect blend of urban convenience and suburban tranquility. Don't miss your chance to own this exceptional property—schedule your viewing today! More details
    Listed by 2% Realty
    LISTING DETAILS
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Data was last updated September 8, 2024 at 02:05 AM (UTC)
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Diane Richardson
Cell: 403-397-3706