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Rhettzky · 03-21-2006, 03:33 PM

Well I just purchased a Condo in Victoria Park directly beside the Chocolate Condo's going up on 1st Street SW and it was pretty cheap. Bought it ten months ago for 115k and it's city appraised value came up to 125k after two months of living there. Recently suites in my building have sold for 130k, 140k and two months ago at 165k. The suite is just over 700sq/ft and is a two bedroom. The combination of Calgary's real estate market and the development of the east village is driving prices up at an astronomical rate. So I'd recommend that if you want something fairly decent in price, close to downtown and has a good upside, I'd look at east village.

Drawbacks include bums and hookers but with all the new high rise condo's going up (Chocolate, Sasso) we've noticed significant changes. Seems like the police finally have to take notice of the problems when they put in 300k condo's. There are also plans for five more high rise condo's in that area over the next five years.

One last benefit of this area is the Stampede development. If anyone has recently driven through the old vic park slums just north of the saddledome they will have noticed that slowly the houses are getting torn down or bought out by the city. Once this project to expand the Stampede grounds is completed to the north than I think this area is going to boom.

03-21-2006, 03:33 PM	#4
Rhettzky Franchise Player Join Date: Feb 2006 Location: Section 222 Exp:	Well I just purchased a Condo in Victoria Park directly beside the Chocolate Condo's going up on 1st Street SW and it was pretty cheap. Bought it ten months ago for 115k and it's city appraised value came up to 125k after two months of living there. Recently suites in my building have sold for 130k, 140k and two months ago at 165k. The suite is just over 700sq/ft and is a two bedroom. The combination of Calgary's real estate market and the development of the east village is driving prices up at an astronomical rate. So I'd recommend that if you want something fairly decent in price, close to downtown and has a good upside, I'd look at east village. Drawbacks include bums and hookers but with all the new high rise condo's going up (Chocolate, Sasso) we've noticed significant changes. Seems like the police finally have to take notice of the problems when they put in 300k condo's. There are also plans for five more high rise condo's in that area over the next five years. One last benefit of this area is the Stampede development. If anyone has recently driven through the old vic park slums just north of the saddledome they will have noticed that slowly the houses are getting torn down or bought out by the city. Once this project to expand the Stampede grounds is completed to the north than I think this area is going to boom. __________________ Go Flames Go!!