Quote:
Originally Posted by InternationalVillager
It looks as though its been extensively renovated though. If those are the original materials then that looks pretty good. In my experience, most of the homes that old are usually falling apart due to lack of upkeep, maintenance and repairs. Whereby when you actually have to do run up a huge renovation bill, at that point- it usually makes better sense for a developer to come across and redevelop the property....case in point - so much of Calgary is already being redeveloped. I'm not saying that it happens the instant a home hits that age but in that neighborhood - you will see it starting to redevelop because the numbers that come across a developer or a homebuilder's desk start to make sense around that age.
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They redevelop to add units or significant square footage.
How many times do you see houses getting torn down and the same type of house going back in?
There are thousands upon thousands of houses older than 30 years in Calgary.