Quote:
Originally Posted by edslunch
The 50's and 60's houses are now inner-city so fetch a premium. If builders built these basic houses in the new subdivisions they should be noticeably cheaper than what is typically being built there.
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Is this true though? These are just two random first click finds:
https://www.realtor.ca/real-estate/2...lgary-highwood
https://www.realtor.ca/real-estate/2...-skyview-ranch
With a difference of $160k you can make up a lot of the shortcomings on the bungalow, plus you will probably spend less on commuting(including time!), property taxes, and have the bonus of a massive yard. Hell, rebuild the garage with a suite and you can rent it or house extended family. I think a lot of the value of these older inner city places gets overlooked, but I might be biased. When I bought, I could never understand why it was cheaper than all the new stuff at the edge of the city.