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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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139 Woodacres Drive SW
Woodbine Calgary T2W 4V8

$1,980,000
Residential beds: 5 baths: 5.0 3,611 sq. ft. built: 1986

Main Photo: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Photo 1: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Photo 2: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Photo 3: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Photo 4: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Photo 5: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
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Photo 43: 139 Woodacres Drive SW in Calgary: Woodbine Detached for sale : MLS®# A2137090
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2137090
Bedrooms:
5
Bathrooms:
5
Year Built:
1986
Price Reduced****A rare opportunity on one of the Calgary’s most preeminent residential streets located in the west side of the Fish Creek Provincial Park. This luxuriously built, bright, 5 bedrooms and 3.5 bath home has over 5000 sq ft of developed living space for various entertaining and family activities. The climate control for this home consists of 2 air conditioning units and 3 heating furnaces, with one dedicated heating furnace in the triple garage, to give this home a comfortable environment throughout the year. The kitchen and the formal dining area are connected to back deck overlooking the stunning valley view of the provincial park. The attached triple garage and the driveway offer plenty of parking stalls. The landscaped backyard, with beauty and functionality, is adjacent to the provincial park with easy access to the surrounding walkways to enjoy the spectacular views of the valley and the mountains.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
3,610.71 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10,032 sq. ft.
Lot Frontage:
86'
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
Levels:
Two
Total Rooms Above Grade:
11
Year built:
1986 (Age: 38)
Bedrooms:
5 (Above Grd: 5)
Bedrooms Above Grade:
5
Bedrooms Below Grade:
0
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
8510845
Heating:
Fireplace(s), Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco
Structure Type:
House
Roof:
Tile
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
3
Parking:
Triple Garage Attached
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Laundry Room
Woodbine
Built-In Oven, Gas Cooktop, Microwave, Refrigerator, Washer/Dryer, Water Softener
Window coverings, a/c units, dishwasher (as-is), tool shed
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
24'3" × 12'9"
Main Floor
Dining Room
23'3" × 13'4"
Main Floor
Living Room
24'11" × 17'10"
Main Floor
Office
8'11" × 8'11"
Main Floor
Family Room
15'2" × 14'5"
Main Floor
Foyer
12'7" × 5'11"
Main Floor
Laundry
8'7" × 8'
2nd Floor
Bedroom - Primary
16'11" × 13'11"
2nd Floor
Bedroom
14'10" × 13'4"
2nd Floor
Bedroom
12'6" × 10'5"
2nd Floor
Bedroom
14'8" × 10'3"
2nd Floor
Bedroom
13'9" × 11'3"
Lower Level
Hobby Room
29'3" × 14'
Lower Level
Game Room
31'2" × 10'
Lower Level
Furnace/Utility Room
13'11" × 10'4"
Lower Level
Media Room
23'4" × 14'5"
Lower Level
Storage
13'10" × 9'6"
Lower Level
Storage
10'11" × 4'5"
Lower Level
Storage
8'2" × 7'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'5" x 4'11"
2nd Floor
No
4
4'11" x 7'11"
2nd Floor
No
4
4'11" x 10'8"
2nd Floor
Yes
4
9'5" x 14'1"
Basement
No
4
4'4" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Street Lights, Walking/Bike Paths
Interior Features:
Bookcases, Built-in Features, Ceiling Fan(s), Central Vacuum, French Door, High Ceilings, Jetted Tub, Kitchen Island, No Animal Home, No Smoking Home, Pantry, Recessed Lighting, Storage, Walk-In Closet(s)
Exterior Features:
Private Yard, Storage
Patio And Porch Features:
Rear Porch
Lot Features:
Back Yard, Backs on to Park/Green Space, Cul-De-Sac, Fruit Trees/Shrub(s), Garden, No Neighbours Behind, Landscaped, Secluded, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
Jun 02, 2024
Days on Mkt:
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Listed by Century 21 Argos Realty
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$824,900
Min list price:
$399,990
Max list price:
$2,749,000
Avg days on market:
17
Min days on market:
3
Max days on market:
154
Avg price per sq.ft.:
$414.96
These statistics are generated based on the current listing's property type and located in Woodbine. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706