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Apartment Living: offers several appealing benefits, making it a popular choice for many. One of the main advantages is convenience. Condos often come with features like maintenance-free living, as building management typically handles exterior upkeep, landscaping & repairs, saving residents time & effort. This allows people to focus on enjoying their space rather than dealing with the logistics of home ownership.
Location: Apartment Condos are often situated in prime spots, providing easy access to shops, restaurants, public transit & entertainment, allowing for a more walk able lifestyle. This can reduce the need for a car, cutting down on transportation costs & making it easier to explore the city. Here is an overview of the Lifestyle.
Condo Types:
Urban Condos: Located in the Downtown core or inner-city areas, these condos are ideal for those who enjoy a vibrant lifestyle with proximity to shopping, dining, entertainment & Public Transit.
Suburban Condos: Found in neighbourhoods on the outskirts of the city, suburban condos typically offer more space & quieter surroundings while still being close to amenities like parks, schools & shopping centres.
Luxury Condos: High-end units with premium finishes, Top-Tier amenities (such as concierge services, gyms, pools & panoramic views), in sought-after locations.
Affordable Condos: Suitable for first-time home buyers or those on a tighter budget, these condos are usually in older buildings or locations, offering basic amenities.
Amenities:
Included: Many Condos offer a range of amenities, including fitness centres, common rooms, secure entry, underground parking & storage lockers.(Usually next to parking).
High-End Condos: may have concierge services, rooftop patios, pools, hot tubs, or even saunas.
Prices:
Entry-level Condos: These start around $150,000 to $300,000, typically for smaller units or older buildings in less central locations.
Mid-range Condos: Prices range from $300,000 to $600,000, which might offer newer or renovated buildings with additional amenities & better locations.
Luxury Condos: These can exceed $1,000,000, especially in Prime Locations like Downtown or upscale areas such as Mission or Crescent Heights.
Market Trends:
Price Growth: Calgary's Condo market fluctuates based on the broader economy & oil prices (which affect local employment), but has seen steady growth in recent years due to increasing demand for urban living.
Condo Buying:
Process: The process is relatively straightforward, but buyers should be aware of the Condo fees, which can range from $300 to $600+ per month,depending on size (Unit Factors) amenities & location. .
Note: It’s very important to have a Condo Document Inspection & look into the reserve fund (money set aside for building maintenance) & the overall financial health of the Condo corporation & building.
Low Maintenance:: Condo living often means reduced maintenance responsibilities, as exterior upkeep & common areas are managed by the Condo Board.
Affordability : Condos can provide a more budget-friendly entry into home ownership, especially for first-time buyers or those looking to Downsize.
Summary: Calgary offers a broad selection of condos suitable for a variety of budgets and lifestyles, from young professionals in the downtown area to families looking for more space in suburban settings. The market can be competitive, so work with us to navigate your options effectively.
For Expert Guidance in navigating the Calgary Condo Apartment Real Estate Market, consider reaching out to Stewart J. Lowe, an award-winning realtor with over 23 years of experience. In 2010, he became a Certified Guild Member of The Institute for Luxury Home Marketing, recognised for his proven sales & exceptional client service. Stewart is known for his friendly, warm & professional approach. Why not request a no-obligation Marketing Consultation
***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. With the back-up of the Institute it makes sense for us to represent you, why not request a no-obligation Marketing Consultation!
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Find out what your current home is worth in today's market.