Foreclosures in Calgary… Who doesn’t want a good deal?
Foreclosures in Canada work differently than the foreclosures or ‘short sales’ in the US. One of the results is that it is harder to find a ‘good deal’ on foreclosures here in Canada than in the US. Make sure you understand these differences before you decide to purchase a foreclosure in Calgary. Skip to see today’s foreclosures in Calgary
In reality, a foreclosure in Calgary often sells for market value, taking its current condition into consideration.
Buyer beware…
When buying a foreclosure, there are many things to be aware of. For example, foreclosures are sold without any warranties and guarantees. Ultimately, a buyer does not know anything about the history of the home, and there is no recourse for a buyer to sue the seller afterwards.
Foreclosures are sold without any warranties and guarantees
Request Daily Updates on Foreclosures
In general, in Calgary, foreclosures are sold via conventional banks, lending institutions, mortgage insurance companies such as CMHC or the Court of Queen’s Bench of Alberta. Every foreclosure includes unique procedures when it comes to buying. For example, some banks may allow a home inspection. With some institutions, including banks, you can negotiate on price. The Court of Queen’s Bench only accepts unconditional offers.
These are just a few tidbits on the purchase of a foreclosure. Realize there is always a risk, and the question is whether the risk is worth the ‘deal’. For some it will be worth it, but most depends on the risk one is willing to take.
By hiring us, you will have real estate agents working in your best interest, whether it be a foreclosure or a ‘regular’ purchase of a home.
306 1015 14 Avenue SW
Calgary
T2R 1P9
$185,000
Residential
beds: 2
baths: 1.0
868 sq. ft.
built: 1969
- Status:
- Sold
- Sold Date:
- Mar 27, 2023
- Listed Price:
- $195,000
- Sold Price:
- $185,000
- Sold in:
- 14 days
- Prop. Type:
- Residential
- MLS® Num:
- A2031274
- Bedrooms:
- 2
- Bathrooms:
- 1
- Year Built:
- 1969
- Property Type:
- Residential
- Property Sub Type:
- Apartment
- Condo Type:
- Conventional
- Transaction Type:
- For Sale
- Possession:
- 15 Days / Neg, Immediate
- Suite:
- No
- Home Style:
- Apartment
- Total Living Area:
- 868 sq. ft.
- Main Level Finished Area:
- 868 sq. ft.
- Taxes:
- $1,555 / 2022
- Condo Fee:
- $692.20
- Condo Fee Includes:
- Common Area Maintenance, Electricity, Insurance, Professional Management, Sewer, Snow Removal, Trash, Water
- Front Exposure:
- North
- Reg. Size Includes:
- Interior Above Grade
- Unit Exposure:
- North
- Floor Location:
- Other
- Entry Level:
- 3
- Stories Total:
- 7
- Levels:
- Single Level Unit
- End Unit:
- 2+ Common Walls
- Total Rooms Above Grade:
- 6
- Year built:
- 1969 (Age: 54)
- Bedrooms:
- 2
- Bedrooms Above Grade:
- 2
- Bedrooms Below Grade:
- 0
- Bathrooms:
- 1.0 (Full:1, Half:0)
- Plan:
- 8910415
- Heating:
- Baseboard
- New Constr.:
- No
- Construction Material:
- Brick, Concrete
- Structure Type:
- High Rise (5+ stories)
- Ensuite:
- No
- Flooring:
- Ceramic Tile, Laminate
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- 0
- Parking:
- None
- Parking Places:
- 0.0
- Parking Total/Covered:
- 0 / -
- Laundry Features:
- In Unit
- Condo Fee Frequency:
- Monthly
- Beltline
- Elevator(s), Laundry, Parking, Party Room, Playground
- See Remarks
- N/A
- None Known
- Call
- Floor
- Type
- Size
- Other
- Main Floor
- Kitchen
- 8'1" × 7'2"
- Main Floor
- Living Room
- 17'9" × 11'10"
- Main Floor
- Dining Room
- 8'3" × 7'3"
- Main Floor
- Den
- 5'6" × 5'4"
- Main Floor
- Bedroom - Primary
- 16'10" × 14'4"
- Main Floor
- Bedroom
- 13'8" × 10'3"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 8'11" x 5'1"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Schools Nearby, Playground, Sidewalks, Street Lights, Shopping Nearby
- Interior Features:
- No Animal Home, No Smoking Home
- Exterior Features:
- None
- Patio And Porch Features:
- Balcony(s)
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- CC-MH
- Listed Date:
- Mar 13, 2023
- Days on Mkt:
- 14
-
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- REALTOR TANJA VAN DE KAMP
- Listing Realtor
- 403 978 8267
- Contact by Email
- REAL ESTATE PROFESSIONALS
- CALL, TEXT OR EMAIL
- 403 630 5190
- Contact by Email