Real estate in Calgary - another bubble?

[topfiverecords]

Originally Posted by Sliver

OMG I don't know how they're going to sell that eyesore. Why the fuuck would you want to live on that #####ty corner for $2 million. Plus that place is fuucking hideous.

I toured it when they had an open house a few weeks back. It's a total disaster and an affront to the style of the neighbourhood.

Sweet backyard though right?

[Sliver]

Originally Posted by topfiverecords

Sweet backyard though right?

I suppose they did get one thing right.

[NuclearFart]

Originally Posted by Sliver

OMG I don't know how they're going to sell that eyesore. Why the fuuck would you want to live on that #####ty corner for $2 million. Plus that place is fuucking hideous.

I toured it when they had an open house a few weeks back. It's a total disaster and an affront to the style of the neighbourhood.

No doubt. For that price point I'd go for this absolute beast of a domicile:

https://www.realtor.ca/real-estate/2...gary-pump-hill

You know its good when there is a BeNz out front

[Sliver]

Originally Posted by NuclearFart

No doubt. For that price point I'd go for this absolute beast of a domicile:

https://www.realtor.ca/real-estate/2...gary-pump-hill

You know its good when there is a BeNz out front

Haha, yeah I scrolled through that one, too. A Mercedes Benz! Sooo classy. I could really see myself living that lifestyle with my model girlfriends.

For $2 million get a nice house in Calgary and a nice place in Canmore. Dumping it all into a gaudy and embarrassing mcmansion is a total goofball move.

[nik-]

That house is tacky as ####. I'd be embarrassed to have people walk in to that staircase. The wish.com neoclassical exterior is brutal too.

The fact that I even have to laugh that there's a fern leaf in the pediment says something on it's own.

[blankall]

Originally Posted by NuclearFart

No doubt. For that price point I'd go for this absolute beast of a domicile:

https://www.realtor.ca/real-estate/2...gary-pump-hill

You know its good when there is a BeNz out front

That place is so late 80s/early 90s.....It has very outdated finishings, but they all look new. The spiral staircase with the carpet in it is gold. As is the Scarface foyer with the parallel banistered staircases and the oversized chandelier.

I would buy this place just for the laughs.

[Leondros]

Originally Posted by bizaro86

IMO whether it makes sense to move is mostly a personal decision. Do you need the extra space of a bungalow? Will you plan on moving eventually anyway? EG If you're planning on having 2 kids and will need the space then it might be better to move before they arrive as opposed to after for sanity reasons. Obviously it doesn't make sense to move into a situation where you're house poor/can't afford your mortgage, but I don't think this is a bad time to move. If you buy and sell at approx the same time you aren't really speculating on current prices lasting, you're just locking in a place to live for the long term.

Also consider the costs and work associated with a bungalow over a condo. While you save on condo fees you most certainly have a larger repair and maintenance budget to cover when things like hot water tanks, roofs, furnaces, etc. go.

[Torture]

Originally Posted by Sliver

Haha, yeah I scrolled through that one, too. A Mercedes Benz! Sooo classy. I could really see myself living that lifestyle with my model girlfriends.

For $2 million get a nice house in Calgary and a nice place in Canmore. Dumping it all into a gaudy and embarrassing mcmansion is a total goofball move.

Agreed. If I had a couple million to burn on real estate I would keep my house in Calgary and buy a vacation/weekend property rather than buying a single oversized house in Calgary.

[NuclearFart]

Originally Posted by blankall

That place is so late 80s/early 90s.....It has very outdated finishings, but they all look new. The spiral staircase with the carpet in it is gold. As is the Scarface foyer with the parallel banistered staircases and the oversized chandelier.

I would buy this place just for the laughs.

The style is Greco-roman meets Pauly Shore. I like how there is a third staircase just 15 feet away from the massive twinned spiral staircases because a successful business man needs options.

Bonus points for the rooftop parkade to park all 4 of your mercedes B class.

[Mr.Coffee]

Originally Posted by nik-

Imagine being the neighbours watching that thing going up over a 6 month period. Haha, I'd be so furious. NIMBY blah blah, whatever, but that thing sticks out like a pimple. At least make an attempt to blend with the neighbourhood.

My best friend lives only a few doors down, and the stories of his neighbours and the saga of this build have been hilarious. Yes, the people are super pissed and the added issue of overpaying for this house to the tune of $750K minimum is that your neighbours will automatically hate your guts.

The price is ludicrous and I have no idea what these people are thinking, and this price has already been reduced substantially. Lake access over this 1,000,000x over. Like, $2MM? Smoking crack.

Originally Posted by NuclearFart

No doubt. For that price point I'd go for this absolute beast of a domicile:

https://www.realtor.ca/real-estate/2...gary-pump-hill

You know its good when there is a BeNz out front

This is Trevor Kidd's old house. I always wondered about 14 Street traffic and if it'd be loud enough to hear from inside the house.

[Knut]

Best Proposal I heard was for people in the neighborhood to do a group buy and turn it into a Lake Bonavista Club House.

[Mr.Coffee]

Originally Posted by Knut

Best Proposal I heard was for people in the neighborhood to do a group buy and turn it into a Lake Bonavista Club House.

Yeah or knock it down.

Other thing that is going down in LB and which will undoubtedly suck, beyond the extensive swingers situation, is that the Promenade is being contemplated to go through a massive tear-down / rebuild that will be larger / bigger, include "trendy" new shops... barf.

[Fuzz]

Originally Posted by Mr.Coffee

-snip-
This is Trevor Kidd's old house. I always wondered about 14 Street traffic and if it'd be loud enough to hear from inside the house.

https://www.nhl.com/player/trevor-kidd-8456830


I can't figure out that facial hair. What is going on with the dark band?

[Knut]

Originally Posted by Mr.Coffee

Yeah or knock it down.

Other thing that is going down in LB and which will undoubtedly suck, beyond the extensive swingers situation, is that the Promenade is being contemplated to go through a massive tear-down / rebuild that will be larger / bigger, include "trendy" new shops... barf.

Do you have any details or just rumours? Nothing has been posted on the Facebook group by the chronic complainers yet. I want it to happen purely for the entertainment value of the Facebook group.

[Mr.Coffee]

Originally Posted by Knut

Do you have any details or just rumours? Nothing has been posted on the Facebook group by the chronic complainers yet. I want it to happen purely for the entertainment value of the Facebook group.

I don’t think it’s a for sure thing, and my friend was working on a project for the development company via a MBA program related to how they could do it and concepts around what type of shops they could put into it, etc. likely not totally ironed out yet.

IMO though, that’s a brutal outcome. Leaving the Promenade and charm of it in connection to the lake etc. would be better. Not everything needs to be knocked down and modernized just so some schmuck can make a couple million bucks. You can see where it’s headed now and aside from the highly annoying construction that will take 3 years, the community will be worse off with it than without it.

[greyshep]

Originally Posted by Mr.Coffee

Yeah or knock it down.

Other thing that is going down in LB and which will undoubtedly suck, beyond the extensive swingers situation, is that the Promenade is being contemplated to go through a massive tear-down / rebuild that will be larger / bigger, include "trendy" new shops... barf.

Oh man, I guess it would be RIP for Video Game Trader then, lol

[you&me]

Originally Posted by blankall

That place is so late 80s/early 90s.....It has very outdated finishings, but they all look new. The spiral staircase with the carpet in it is gold. As is the Scarface foyer with the parallel banistered staircases and the oversized chandelier.

I would buy this place just for the laughs.

Anyone that was around in the late 80s/early 90s in Calgary would also remember this place sitting at framing stage for years. In the elements; rain, snow, sun, repeat... for years. That house should be land value - adjacent to 14th nonetheless - at best.

[Sliver]

Originally Posted by Mr.Coffee

I don’t think it’s a for sure thing, and my friend was working on a project for the development company via a MBA program related to how they could do it and concepts around what type of shops they could put into it, etc. likely not totally ironed out yet.

IMO though, that’s a brutal outcome. Leaving the Promenade and charm of it in connection to the lake etc. would be better. Not everything needs to be knocked down and modernized just so some schmuck can make a couple million bucks.

Yeah, I kinda love that wacky little promenade. Especially that weird dude that runs the lottery booth that made himself a Magneto-style prison cell just outside of Safeway. He runs the strangest hours, too. Like, what are you doing sitting in there at 8pm on a random weeknight? And how is that even a reasonable business when you can just grab a lotto ticket at Circle K.

Jeans Addiction rules, though.

[Sliver]

Originally Posted by you&me

Anyone that was around in the late 80s/early 90s in Calgary would also remember this place sitting at framing stage for years. In the elements; rain, snow, sun, repeat... for years. That house should be land value - adjacent to 14th nonetheless - at best.

That whole neighbourhood is weird AF. Terrible location and ugly houses with crap landscaping. Its existence makes no sense. Just seems like homes all the weirdo characters from Grand Theft Auto would live in. I feel like if I walk through there I'll get embroiled in some crazy heist or have to beat up a hooker or something.

[Knut]

Originally Posted by Sliver

That whole neighbourhood is weird AF. Terrible location and ugly houses with crap landscaping. Its existence makes no sense. Just seems like homes all the weirdo characters from Grand Theft Auto would live in. I feel like if I walk through there I'll get embroiled in some crazy heist or have to beat up a hooker or something.

We looked at about 12 homes in Pump Hill before settling on Bonavista. There are some strange places there. Lots are all weird sizes and there are all kinds of "hidden" houses tucked behind cul-de-sacs with non-descript driveways.

eg...

https://www.google.com/maps/place/Pu...%2Fm%2F02r336d