Monthly fees of $626 pay for water and snow removal.Supplied
29 N. Railway St., No. 201, Okotoks, Alta.
Asking price: $349,900 (May, 2024)
Selling price: $349,900 (May, 2024)
Previous selling prices: $250,000 (March, 2024); $189,000 (December, 2020); $168,845 (August, 2017); $154,000 (January, 2006)
Taxes: $1,554 (2023)
Days on the market: Three
Listing agent: Bryon Howard, eXp Realty
The unit offers several modern accommodations starting with two entrances and an outdoor parking spot.Supplied
The action
Earlier this year, a couple paid $250,000 for this two-bedroom unit in a small town 45 kilometres south of downtown Calgary, optimistic they could also buy an adjacent unit that sold for a similar price just months prior. They couldn’t convince the new owner to sell, so they listed their unit for $349,900 after Victoria Day.
“If I just looked in that building, it’s worth $250,000, but if you look at south Calgary to Okotoks, there was really nothing available, so I recommenced a price of [nearly] $350,000,” said agent Bryon Howard.
“I was hoping we’d see multiple offers and get maybe close to a full price offer.”
Not only did they receive the exact amount they requested from one of four visitors, but they also turned a $99,900 profit within months.
“The buyers had been shopping for a while and lost out on a few, so they came in at full price,” Mr. Howard said.
“The market appreciation was great at the time because there was not a lot of availability under $400,000 for two-bedroom, two-bathroom condos in all of south Calgary and Okotoks.”
The living room features a gas fireplace and sliding doors to private outdoor space.Supplied
What they got
In a 19-year-old building with two commercial units and four residential ones above, this 1,103-square-foot unit offers several modern accommodations, starting with two entrances and an outdoor parking spot.
The cooking and dining areas are open concept, and the living room features a gas fireplace and sliding doors to private outdoor space.
Other essentials include laundry facilities and two four-piece bathrooms.
Monthly fees of $626 pay for water and snow removal.
The cooking and dining areas are open concept.Supplied
The agent’s take
“It was a nice, spacious unit with a nice deck,” Mr. Howard said.
“It’s also on a nice, tree-lined street with wonderful shops, cafés and good restaurants.”