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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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201 501 57 Avenue SW
Windsor Park Calgary T2V 0H3

$284,900
Residential beds: 2 baths: 1.0 814 sq. ft. built: 1970

Main Photo: 201 501 57 Avenue SW in Calgary: Windsor Park Apartment for sale : MLS®# A2190096
Photo 1: 201 501 57 Avenue SW in Calgary: Windsor Park Apartment for sale : MLS®# A2190096
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2190096
Bedrooms:
2
Bathrooms:
1
Year Built:
1970
This updated 2-bedroom, 1-bathroom condo in Windsor Park, offers a combination of space, modern finishes, a prime location, and great value. The concrete-constructed building ensures soundproofing and durability, while the unit features an open-concept design connecting the kitchen, dining, and large living room. The kitchen includes granite countertops, stainless steel appliances, and ample cabinetry. In addition to the convenience of in-suit laundry, another highlight is the fact that the primary bedroom is quite large, and the second bedroom is a good size. Recent updates include new laminate flooring and fresh paint throughout. The south-facing balcony provides natural light and a comfortable space to relax or entertain. Situated in Windsor Park, this home is steps away from Chinook Centre, offering a variety of shopping, dining, and entertainment options. The neighbourhood also features nearby parks, walking paths, and convenient access to public transit and major roadways, making it an excellent choice for commuters. This is an excellent opportunity to own a 2 bedroom condo in one of Calgary’s central neighbourhoods, for under $300,000.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
814 sq. ft.
Main Level Finished Area:
814 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$538.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Water
HOA Fee Includes:
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1970 (Age: 55)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0512818
Heating:
Baseboard, Hot Water
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Covered, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Windsor Park
Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
8'10" × 7'2"
Main Floor
Living Room
19'6" × 11'6"
Main Floor
Bedroom - Primary
14' × 11'4"
Main Floor
Bedroom
10'10" × 10'2"
Main Floor
Foyer
6'11" × 4'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Shopping Nearby
Interior Features:
Granite Counters, No Animal Home, No Smoking Home, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jan 24, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by RE/MAX First
Data was last updated February 5, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$249,900
Min list price:
$199,900
Max list price:
$624,900
Avg days on market:
13
Min days on market:
5
Max days on market:
31
Avg price per sq.ft.:
$350.97
These statistics are generated based on the current listing's property type and located in Windsor Park. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706