Condo for sale!!!! - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

InSutterWeTrust · 10-16-2006, 05:04 PM

Hey guys Im moving and putting up my condo for sale.
Its in a great location in a community called Windsor Park 2 blocks from Chinook, close to downtown. Heres the link if anyone is interested, if you have any questions feel free to pm me

Thanks

http://www.mls.ca/PropertyDetails.as...ertyID=5122027

brownie · 10-16-2006, 05:50 PM

Let me know how you make out.I have a condo of similar size and age,was thinking of putting it up for sale,probably not til the spring though.Good luck.

InSutterWeTrust · 10-16-2006, 11:27 PM

Quote:

Originally Posted by brownie

Let me know how you make out.I have a condo of similar size and age,was thinking of putting it up for sale,probably not til the spring though.Good luck.

Thanks, its only been on for about a week, and we've had alot of positive feedback from showings so far, I'll let you know what happens

mykalberta · 10-17-2006, 09:46 AM

Damn, i looked at a condo in there back when I was looking in April.

What a small world.

MYK

OilersBaby · 10-18-2006, 05:02 AM

Wow stuff is about 100,000 cheaper there than it is here. I was thinking of buying a property to invest in..maybe Ill do it there. Does anyone know if US Citizens can buy property in Canada??

InSutterWeTrust · 10-18-2006, 11:58 AM

Quote:

Originally Posted by mykalberta

Damn, i looked at a condo in there back when I was looking in April.

What a small world.

MYK

For an older building its really nice, the management team does a great job of taking care of it.

InSutterWeTrust · 10-18-2006, 12:00 PM

Quote:

Originally Posted by OilersBaby

Wow stuff is about 100,000 cheaper there than it is here. I was thinking of buying a property to invest in..maybe Ill do it there. Does anyone know if US Citizens can buy property in Canada??

Ive noticed that as well, my wife and I have watched some of those "flip this house" show on TLC and the prices they pay for those houses are friggin crazy they pay like 400-500 thousand for a piece of junk. But down in the states isnt like 30 and 40 year mortgages getting to be a big thing down there?

troutman · 10-18-2006, 12:13 PM

Quote:

Originally Posted by OilersBaby

Wow stuff is about 100,000 cheaper there than it is here. I was thinking of buying a property to invest in..maybe Ill do it there. Does anyone know if US Citizens can buy property in Canada??

Sure you can. When you sell though, some of the $ has to be held back until taxes are cleared.

http://www.canada.com/calgaryherald/...b8ba38decb&k=0

The RE/MAX Housing Market Outlook 2007, released Wednesday morning, said percentage increase for average prices in 2007 will have Calgary and Edmonton at the top of the list with housing values rising 10 per cent to $385,000 and $265,900 respectively.

The report said both Alberta markets experienced substantial upward pressure in pricing during 2006 — with Calgary climbing 40 per cent to $350,000 and Edmonton rising 25 per cent to $241,750.

The report said home buyers across the country will breathe a sigh of relief next year because of a nationwide influx of new listings which is expected to slow down the rate of price appreciation in major Canadian centres.

OilersBaby · 10-19-2006, 02:03 AM

Quote:

Originally Posted by InSutterWeTrust

Ive noticed that as well, my wife and I have watched some of those "flip this house" show on TLC and the prices they pay for those houses are friggin crazy they pay like 400-500 thousand for a piece of junk. But down in the states isnt like 30 and 40 year mortgages getting to be a big thing down there?

Yup, 30 year mortgages are where it's at. The good thing about buying property here is that your mortgage = tax break, whereas in Canada, there is no such thing. That kinda sucks. But stuff is way cheaper.

Sylvanfan · 10-19-2006, 11:49 PM

Does that writing off your mortgage in the states apply to the entire mortgage, or just the interest. If it was the interest I could see why people would have 35 and 40 year mortgages there because the borrowing of the money essentially costs them nothing in the end.

StoneCole · 10-20-2006, 12:05 AM

Quote:

Originally Posted by InSutterWeTrust

Ive noticed that as well, my wife and I have watched some of those "flip this house" show on TLC and the prices they pay for those houses are friggin crazy they pay like 400-500 thousand for a piece of junk. But down in the states isnt like 30 and 40 year mortgages getting to be a big thing down there?

My cousin recently bought a huge (3,700 sq. ft.) house in Houston for ~$400,000. The way I understand it, the house is not exactly in the burbs either...it is near enough in proximity to downtown.

I-Hate-Hulse · 10-21-2006, 12:02 AM

Quote:

Originally Posted by StoneCole

My cousin recently bought a huge (3,700 sq. ft.) house in Houston for ~$400,000. The way I understand it, the house is not exactly in the burbs either...it is near enough in proximity to downtown.

True but houses are considerably easier to build down there as they don't have thing thing called cold.... I don't believe they have basements (at least in Sugarland outside of Houston) which is a big part of the construction costs here. Finally, factor in the cheap Mexican labour in the area = ridiculously large houses for seemingly cheap prices.

Flames in 07 · 10-21-2006, 09:17 AM

Quote:

Originally Posted by StoneCole

My cousin recently bought a huge (3,700 sq. ft.) house in Houston for ~$400,000. The way I understand it, the house is not exactly in the burbs either...it is near enough in proximity to downtown.

A couple things, don't compare Houston to anywhere else in N America as it relates to real estate.

Houston has no zoning, things don't appreciate becuase you have no confidence that someone won't set up a car repair shop next door from you in a year or two.

Also being central in Houston isn't always a good thing, other than Post Oaks and around the galleria, you definately do not want to be central.

Mccree · 10-21-2006, 03:01 PM

Quote:

Originally Posted by OilersBaby

Yup, 30 year mortgages are where it's at. The good thing about buying property here is that your mortgage = tax break, whereas in Canada, there is no such thing. That kinda sucks. But stuff is way cheaper.

But when you sell your house is it tax free in the US? If the house is your principle residence than in Canada you do not pay ANY tax on the the gain.

Mccree · 10-21-2006, 03:02 PM

Quote:

Originally Posted by Sylvanfan

Does that writing off your mortgage in the states apply to the entire mortgage, or just the interest. If it was the interest I could see why people would have 35 and 40 year mortgages there because the borrowing of the money essentially costs them nothing in the end.

I beleive it is only the interest.

InSutterWeTrust · 10-21-2006, 03:21 PM

Update the Condo has been Conditionally sold

Nufy · 10-24-2006, 04:02 PM

Wow..

Its amazing that you can sell your apartment style condo for more than I paid for my 4 bedroom 3 bath 2000 sq ft house 3 years ago.

Just goes to show how the market is changing.

Congrats,

Hopefully the sale goes well.

bryu81 · 11-08-2006, 12:36 PM

the mls link doesn't work anymore. Was just wondering how much it was listed for, and where the condo is located

brownie · 11-08-2006, 12:51 PM

It was listed for about 240 if I remember correctly.It was in the SW close to Chinook Mall.

InSutterWeTrust · 11-08-2006, 02:45 PM

Quote:

Originally Posted by brownie

It was listed for about 240 if I remember correctly.It was in the SW close to Chinook Mall.

wow good memory, yeah we sold it last month and they take possesion on November 17. When it sold the listing was pulled from the MLS page.