9 Grandview Grove, Rural Rocky View, Alta.
Asking price: $1.7-million (September, 2021)
Previous asking price: $1,899,999 (May 2021)
Selling price: $1.68-million (February, 2022)
Taxes: $6,838 (2020)
Days on the market: 153
Listing agent: Bryon Howard, eXp Realty
The action
The sellers of this four-bedroom house on a 2.03-acre lot put it up for sale in May last year after watching property values slowly improve in their rural community west of Calgary. But their optimism took a hit when it took a month to get their first offer, and one they rejected as being insufficient.
“They were fully prepared for a long wait,” said agent Bryon Howard.
“The property had no basement, which is unusual in Alberta, and that caused some confusion among buyers.”
In September the house was relisted with a reduced asking price. Finally, five months later, they got an acceptable offer from a West Coast buyer slightly under asking.
“The market has finally changed in Calgary. Last year, we had the most sales ever … and this year we’re having lots of sales and prices are increasing significantly since mid-January,” Mr. Howard said.
“We’re having a lot more buyers from Ontario, British Columbia and Manitoba as it seems buyers are moving here for our affordability.”
What they got
The two-storey house has 4,146 square feet of living space with numerous upgrades that include heated stone floors, rich woodwork and a four-car garage with one bay that could double as a workshop.
An office, crafts room and primary bedroom are located on the main floor. Across the rear is an open living, dining and kitchen area with vaulted ceilings, a wood burning fireplace. Double doors open to a 2,000-square-foot deck and patio with a fireplace and a fire pit.
Annual homeowners’ association fees of $900 include maintenance of a fishing pond that serves as a skating rink in winter.
The agent’s take
“The location is just phenomenal west of the city and only 20 minutes to downtown, and it’s a two-acre lot with great, peaceful scenery,” Mr. Howard said.
“And it’s not very usual to have a triple-car garage in Calgary, so a quad is huge.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.