JUST LISTED CONDOS FOR SALE CALGARY| EXPLORE CALGARY'S NEWEST CONDO LISTINGS

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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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255 Rundleridge Drive NE
Rundle Calgary T1Y 2K5

$549,900
Residential beds: 4 baths: 2.0 1,067 sq. ft. built: 1975

Main Photo: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 1: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 2: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 3: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 4: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 5: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 6: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 7: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 8: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Photo 9: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
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Photo 50: 255 Rundleridge Drive NE in Calgary: Rundle Detached for sale : MLS®# A2187600
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2187600
Bedrooms:
4
Bathrooms:
2
Year Built:
1975
PERFECT for flippers and renovators, this well-priced gem in an unbeatable location offers a large bi-level, with a rear-double attached garage with a seperate side entrance on a huge lot with a SUNNY West facing backyard and massive upside potential. Renovate, rent, or resell—your options are endless. Don’t miss this incredible opportunity to invest in a spacious 4-bedroom, 2-bathroom BI-LEVEL home located in the desirable amenity rich neighbourhood of Rundle! Owned by the same family for the last 47 years, this quality home is ready to serve the next family. Situated on a quiet, premium street surrounded by upgraded properties, the neighborhood offers low traffic and proximity to top schools (Rundle Elementary, Dr. Gordon Higgins Junior High, and Lester B. Pearson High). This bi-level also boasts a walk-up entrance through the rear attached double garage and breezeway/coldroom/cellar that could be used for storage, crafts, wine making (you name it). This well loved home features some updates like a new garage door and opener, a newer roof, and a high-efficiency LENNOX furnace. The ample size and SQFT above and below offer a layout with endless potential: convert the basement into additional bedrooms for a rental suite (subject to city/municapal guidleines and permits) using the existing separate entrance. The lower level already includes a rec room with a bar, a large second living area, egress windows, and a 4th bedroom, making it ideal for creative updates. Additional highlights include a wood-burning fireplace, a functional kitchen with sliding doors to a rooftop patio above the rear-attached double garage with a cellar/workshop/breezeway. With easy access to Sunridge Mall, the Rundle C-Train Station, Trans-Canada Highway, and Stoney Trail, this property connects you to Calgary’s downtown and airport in minutes. Don’t wait to turn this home into your next profitable project! Book your showing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,066.9 sq. ft.
Main Level Finished Area:
1,067 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
902 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,994 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East, West
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1975 (Age: 50)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7510277
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Brick Facing, Gas, Living Room, Masonry, Metal, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Attached, Double Garage Detached, Oversized, Paved
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Rundle
Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
11'10" × 6'7"
Main Floor
Kitchen With Eating Area
12'11" × 10'4"
Main Floor
Bedroom
11'6" × 8'10"
Main Floor
Dining Room
10'9" × 7'11"
Main Floor
Bedroom
11'5" × 8'
Main Floor
Bedroom - Primary
12'5" × 10'4"
Basement
Bedroom
12'2" × 8'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 10'4"
Basement
No
2
5'9" x 4'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Patio, Rooftop Patio
Lot Features:
Back Yard, Front Yard, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Jan 14, 2025
Days on Mkt:
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Listed by eXp Realty
Data was last updated February 5, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$549,950
Min list price:
$289,900
Max list price:
$1,199,900
Avg days on market:
23
Min days on market:
3
Max days on market:
165
Avg price per sq.ft.:
$493.06
These statistics are generated based on the current listing's property type and located in Rundle. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706