Garceyues
New Member
Even for the location, 400k feels steep to me.
- Thread starter MichaelS
- Start date
CalgaryTiger
Senior Member
Not East Village, close to the river path and adjacent parks (something the Beltline doesn't have), a walk to Kensington (if you do want some restaurants and retail), and you're in a quiet residential part of downtown. It is just not a lot of space, as has been pointed out.
DiscoStu
Active Member
$400K for 400 square feet is ridiculous bad value, even with plenty of room for a Michael Scott sized plasma tv. The location is definitely not a bad one, but anyone with any modicum of effort can find much better values out there, whether in Eau Claire itself or Kensington that gives you the same easy access to the river, but more atmosphere.
A quick look at realtor listings shows several much better values (and layouts) in and around Waterfront (which has half a dozen options under 400K).
A quick look at realtor listings shows several much better values (and layouts) in and around Waterfront (which has half a dozen options under 400K).
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400k is steep and not a great deal, but I've seen worse. Locals could always find a better deal, but since most of the buyers were from Toronto, 400K probably seems like a bargain, and they aren't the ones using the space.
Mountain Man
Senior Member
How much would rent have to be to cover your mortgage? Yikes
DiscoStu
Active Member
I mean if a Torontonian (or their real estate agent) can't take 10 minutes to browse comparable listings, to see that this is a solid 20% overpriced, than I guess they deserve to be ripped off.
I can see overpaying for something you love or live in, but when it's purely an investment, the numbers should be even more important.
If I remember correctly from the ads it was billed as being in the best location in Calgary, but yeah a bit of research would have helped.
yunggg
New Member
Likely will be sold for less than 350k. That being said the rental market in Calgary has held up pretty well compared to downtown Toronto and price rent ratio is significantly better. Curious to see how the rent and absorption will be once these 200ish higher end units up for rent in early 2025.