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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.
171 Sierra Morena Terrace SW
Calgary
T3H 3A2
$719,900
Residential
beds: 3
baths: 3.0
1,399 sq. ft.
built: 1991
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2145973
- Bedrooms:
- 3
- Bathrooms:
- 3
- Year Built:
- 1991
- Photos (22)
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Welcome to a wonderful bungalow. A walk to SIGNAL HILL CENTRE. The oversize driveway can park at least 6 extra cars. The Magnificent Main Level greets you with an open concept, and Lovely hardwood flooring throughout. Large Living Room. Vaulted ceilings. LED Lights. They are 2 Large bedrooms and 2 Full Bathrooms on the main level. The Master bedroom features a walk-in closet and a full 5 pc ensuite. Plenty of natural light. The dining room offers a view on the Balcony and the wonderful backyard. The Updated Kitchen features a Quartz Island, Plenty of Quartz Counter Tops, Beautiful cabinetry, and Stainless Steel Appliances. Central Air Conditioner. The Fully Developed Lower Level Features a SEPARATE ENTRANCE to the Attached Garage, A Large Recreational Room with a Fantastic Built-in Gas Fireplace. The Lower Level also Features a Separate Kitchen, a Full Bathroom, and a Bedroom. Close to schools, a Walk to the Library, Signal Hill Centre. The HOA fee includes Snow removal, Lawn care, and Irrigation System. Easy access to Stoney /Sarcee/ Glenmore Trails.
- Property Type:
- Residential
- Property Sub Type:
- Semi Detached (Half Duplex)
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- Bungalow, Side by Side
- Total Living Area:
- 1,398.83 sq. ft.
- Main Level Finished Area:
- 1,398.83 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Below Grade Finished Area:
- 1,291.66 sq. ft.
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Frequency:
- Monthly
- HOA Fee Includes:
- Signup
- Lot Area:
- 8,073 sq. ft.
- Lot Frontage:
- 54'4¾"
- 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
- Entry Level:
- 1
- Levels:
- One
- End Unit:
- 1 Common Wall
- Total Rooms Above Grade:
- 5
- Year built:
- 1991 (Age: 33)
- Bedrooms:
- 3 (Above Grd: 2)
- Bedrooms Above Grade:
- 2
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 3.0 (Full:3, Half:0)
- Plan:
- 9111737
- Heating:
- Fireplace(s), Forced Air, Natural Gas
- Basement:
- Separate/Exterior Entry, Finished, Full, Walk-Up To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Concrete, Stucco, Wood Frame
- Structure Type:
- Duplex
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Ceramic Tile, Hardwood, Linoleum
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Basement, Gas, Glass Doors
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached, Garage Door Opener, Insulated, Paved
- Parking Places:
- 8.0
- Parking Total/Covered:
- 8 / -
- Laundry Features:
- In Basement, Laundry Room, Main Level
- HOA Fee:
- $220.00
- Signal Hill
- Other, Snow Removal
- Bar Fridge, Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Other, Refrigerator, See Remarks, Washer, Window Coverings
- N/A
- See Remarks
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 12'4" × 11'9"
- Main Floor
- Dining Room
- 12' × 9'1"
- Main Floor
- Kitchen
- 12'2" × 9'1"
- Main Floor
- Laundry
- 11'9" × 5'9"
- Main Floor
- Living Room
- 26'7" × 18'8"
- Main Floor
- Bedroom - Primary
- 16'2" × 15'9"
- Lower Level
- Bedroom
- 12' × 11'
- Lower Level
- Kitchen
- 12'11" × 10'4"
- Lower Level
- Game Room
- 17'8" × 14'4"
- Lower Level
- Storage
- 29'3" × 17'5"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 5'1" x 8'10"
- Main Floor
- Yes
- 5
- 9'3" x 8'10"
- Lower Level
- No
- 4
- 7'10" x 8'7"
- Title to Land:
- Fee Simple
- Community Features:
- Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
- Interior Features:
- Ceiling Fan(s), Closet Organizers, Kitchen Island, No Animal Home, Quartz Counters, Separate Entrance, Skylight(s), Storage, Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s)
- Exterior Features:
- Balcony, Private Yard
- Patio And Porch Features:
- Balcony(s), Deck
- Lot Features:
- Back Yard, Corner Lot, Lawn, Landscaped, Treed
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Calgary
- Zone:
- CAL Zone W
- Zoning:
- R-C2
- Listed Date:
- Jul 02, 2024
- Days on Mkt:
- Signup
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Virtual Tour
Virtual Tour
Listed by RE/MAX Real Estate (Central)
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 43
- Avg list price:
- $799,999
- Min list price:
- $225,000
- Max list price:
- $5,900,000
- Avg days on market:
- 32
- Min days on market:
- 1
- Max days on market:
- 157
- Avg price per sq.ft.:
- $410.95
These statistics are generated based on the current listing's property type
and located in
Signal Hill. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Featured Listing
302 Royal Avenue Northwest
$439,900
MLS®#: A2175512
Bedrooms: 2
Bathrooms: 1.0
Floor Area: 1,172.18 sq. ft.
CIR Realty