Have you ever thought about living in a beautiful historic Calgary apartment within walking distance to Kensington, across from the Peace Bridge, Prince's Island Park? 2 bedrooms? Claw foot bathtub? Private back porch with your own access? Front bay windows that look out to the front garden and city views? Last time a unit was listed in this building was in 2011. Is this your chance?

 

Property Information, Pricing and photos for 3 908 Memorial Drive NW Calgary

 

Rare property for sale in Glenwood Manor, one of Calgary’s remaining historic brick buildings overlooking the Bow River and Downtown. Located just steps from the Peace Bridge, this beautiful 2 bedroom unit is walking distance to Kensington, Downtown, Prince’s Island Park and numerous bike/walking paths. You can enter through the front of the building or the private, secure, rear porch which can double as a sunroom or bike storage. The kitchen has been updated and is bright, fresh, and welcoming with white cabinets, quartz counters, stainless steel appliances and an integrated dishwasher. There are two bedrooms as well as a bath with a claw foot bathtub. The living room looks out the bay windows to the front garden and city and is separated from the spacious dining room with stained glass cabinets. Additional bike storage and lockers in the basement. The rear building garages are currently being torn down and will be replaced with privacy fencing for the back terraces, stall parking and a courtyard.

 

 

 

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I've had the opportunity to contribute to the Real Estate section of Money Sense Magazine a couple of times now. Previously in 2013 when I was included in a series on 'Where to Buy Now' and most recently this month as part of an Ask the Expert series.

 
The question:
 
 
This is a very popular question and one that I help folks with all the time. It really is a matter of market, timing and financial numbers. 
 
Should be trying to determine your next steps please give me a call so we can discuss you individual sitatuion and best plan forward.
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I've had the opportunity to assist a lot of great families purchasing and selling homes here in Calgary and I always think of them and hope them the very best in their new home or on their new journey. 

 

Last year I assisted Paul and Agnes with the sale of their home. Yesterday I picked up a letter from them at my office. Their testimonial is below and I would like to thank them for the permission to share it.

 

We’d like to share with you our wonderful experience of having Monika Furtado as our realtor for our home sale. Monika was extremely professional from the beginning to the end of our home sale process. She clearly did her homework to price our condo perfectly which resulted in a sale price that exceeded our expectations. Monika worked very diligently to market our home by getting the word out quickly and she created custom-made brochures of our home for prospective buyers to take away. She kept us current with regular updates and feedback from the many weekly viewings. This gave us confidence that it was just a matter of time before our home sold. When the right opportunity presented itself, Monika’s expert negotiation skills enabled us to get thousands more from our home than we would have settled for it we had acted alone. Thank you Monika and Royal LePage!

 

- Paul and Agnes

 

View previous testimonials.

 

Thank you Paul and Agnes!  

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There are some fundamentals in real estate values and many of them focus around 'location'.

 

Location can be specific such as location on a specific block or it can also mean which area of the city or general trends such as proximity to amenities, work, school and transportation.

 

There have been numerous studies completed that point to the value of real estate in relation to rapid transit such as our LRT system. The REIN Real Estate Investment Network completed one specifically for Calgary in recent years. A powerful voice in the real estate industry, Don Campbell, shares many details in this study that align with those in other cities and the general trends we see everyday. Essentially the value of comparable real estate will be higher closer to the LRT within a walking distance zone to a station than further away from it. Makes sense. If we can get around our city easier we tend to prefer that. Getting around easier, faster and at reduced cost is even better.

 

Current proposed alignment in detail on the City of Calgary site. -http://www.calgary.ca/Transportation/TI/Pages/Transit-projects/Green-line/map.aspx

 

Current LRT/Bus system Map for Calgary - 

http://www.calgarytransit.com/sites/default/files/content/PDF/2016-transit_system_map.pdf

 

With the current market now in the buyer's advantage and the announcement of the alignment for the green line there is some opportunity to see how these two trends may align. Nothing is written in stone here so until the trains are running we are working on speculation in terms of final alignment, stops and timing. That being said, if you are considering a few different properties and one has a significant future transportation link advantage, you may want to consider that.

 

Need some help planning your next purchase? Give me a call. I'm happy to help.

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The March Calgary real estate official numbers have been released. The statistical numbers reflect the day to day adjustments we are seeing across the city. While the overall numbers now also show a decline, that decline is higher in some areas and property types.

 

This continued decline in sales numbers and prices of individual homes is not unexpected given the current economic climate.

 

Sellers are often seeing high listing prices in their area and using the active listings on MLS to determine their home value. Without seeing true sold prices and inventory a homebuyer doesn't have the necessary information to project their sales numbers. If you are pursing a sale in the coming timeframe please request a home evaluation and I am happy to provide you the numbers you need to plan your next move.

 

Real estate is quite unlike the stock market as well need a home so adjustments occur slowly and with a time lag. When looking at listings it is quite clear most of the time who intends to sell a property and who is testing the market.

 

From the CREB Summary:

 

Calgary’s benchmark price totaled $442,800 in March, a 0.49 per cent decline over February and 3.51 per cent lower than levels recorded last year.

 

March home sales in Calgary totaled 1,588 units, 11 per cent below the same time last year and 28 per cent lower than long-term averages for the month.

 

Calgary also saw housing supply gains in most price ranges. Inventory levels rose by seven per cent to 6,084 units in March. Overall, months of supply has averaged five months in the first quarter of 2016.

 

The apartment sector has been the hardest hit by the recent downturn. After the first quarter of the year, apartment sales totaled 554 units, a 17 per cent decline over the same period last year.

 

Apartment benchmark prices have been trending down since late 2014. In March, benchmark apartment prices totaled $281,300, seven per cent lower than levels recorded prior to the slide and 4.93 per cent lower than levels recorded last year.

 

The detached and attached sector has also felt the brunt of Calgary’s weakening economy. Detached and attached home prices have dropped by four per cent from the recent peak.

 

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