Calgary condo a hard sell with offers nearly a month apart

135 13 Ave., SW., No. 510, Calgary

Asking price: $284,900 (May, 2022)

Selling price: $275,000 (June, 2022)

Taxes: $1,844 (2021)

Days on the market: 41

Listing agent: Bryon Howard, eXp Realty


The 682-square-foot unit features a sliding door to the balcony.

The action

In a 14-year-old high-rise a few streets south of the Calgary Tower, this one-bedroom unit was launched shortly after another unit sold in the $280,000s. It seemed sensible to ask for a similar amount, and to turn down an offer in the upper $270,000s on opening day. Unfortunately, it took about a month for another proposal to emerge. Negotiations raised the offer to $275,000.

“I listed and sold a unit within two weeks of this one in April for $282,000 two floors higher,” said agent Bryon Howard.

“The market started to change as we listed this – meaning it got worse – so we thought we’d sell closer to our list price around $285,000, but we sold for $275,000.”

The kitchen has been fitted with stainless-steel appliances.eXp Realty

What they got

This 682-square-foot unit has walls of windows and sliding balcony doors along the open principal room.

There’s a four-piece bathroom, laundry facilities and stainless-steel kitchen appliances.

The unit comes with one parking spot. Heating and water costs are included in monthly fees of $433.

The agent’s take

“It’s pretty typical for a one-bedroom,” Mr. Howard said.

“We had investors from Vancouver and Toronto consider it, locals considering it for rentals and short-term rentals as an Airbnb and we had first-time buyers looking at it. In the end, a first-time buyer bought it.”

The building’s location also held appeal. “It’s located in the Beltline, which is a really cool area with a lot of great restaurants and amenities,” Mr. Howard said.

“There’s no gym in the building, but there is one nearby across the street.

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

.

Leave a Comment

Your email address will not be published.