Real Estate | Page #61

Real Estate

Calling all developers, first time buyers and investors!

This massive 50x120 FT M-CG zoned lot features an approximately 900 square foot raised bungalow. With three bedrooms upstairs and one non-conforming bedroom suite downstairs, this home has plenty of living space.

The lower suite features big windows and has it's own separate entrance. Right now it contains a large den, but this could easily be transformed into a fifth bedroom. A shared laundry also resides in the basement. 

The property needs to be updated cosmetically, but you could rent this house out for monthly for positive cash flow or tear it down and build 4-6 units on this lot. The recent re-zoning of this property to M-CG gives you all the more options to watch your investment…

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The new mortgage rules that we have been warning you about have finally arrived. Global News writes that as of "January 1st, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate." This stress test is to ensure that anyone applying for a mortgage could handle that mortgage, no matter what the interest rates jump to. 

While this may not seem like a major deal, a recent "analysis by the Bank of Canada suggested... some 10 per cent of Canadians who got an uninsured mortgage between mid-2016 and mid-2017 would not have qualified under the new standards" (Global News). Even those able to put a full 20% down or more on their future home…

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Welcome to 4347 Dovercrest Drive, the perfect four bedroom, fully developed starter home.

This property contains a massive recreation room with a free-standing wood fireplace that is perfect for chilly Calgary evenings. The downstairs contains a den and the fourth bedroom with a three piece bathroom. The other three bedrooms are upstairs, along with a newer four piece bathroom. Some windows have been replaced. Not only do you get a fully fenced yard, but the property also has a huge 13'x13' front deck. 

Situated on a very quiet street across from a large green space, this home is in a great location. It is close to schools and playgrounds, making it a fantastic family home. The long time owner has lovingly cared for this property, which has great…

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This is a property that we like to call a Handyman Special. It needs some work, but it is a great opportunity to build up sweat equity. Finish the work on this partially renovated two bedroom home and profit tomorrow. The house is being sold as is. It is in an excellent location, only one block away from the gorgeous river and fantastic bike paths. Don't worry; this property is not in the flood zone and it did not flood back in 2013. Located on a quiet cul-de-sac, this large 54x120 R-C1 fenced south lot home is priced to sell. Call us today at 403-630-6363 to set up your showing! 

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Ken Richter is a a trusted name in Calgary real estate; his experience is your advantage. Ken and his Home Selling Team…

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Are you ready to own a brand new home? 

Welcome to "High on the Hill," two spectacular south walk-out lots in Montgomery! With sunny, open floor plans in these semi-detached homes, they are going to sell quickly. Act now!

These two properties are currently under construction and are anticipated to be completed by April 30th, 2018. Because they are still being built, you have a chance to choose colors, flooring, etc. Skip the messy parts about building a home! Simply have your say on finishing touches and move into a gorgeous infill in the great community of Montgomery. 

These properties are being built by a high-quality infill builder. The measurements are from floorplans supplied by the builder; RMS will be calculated once the drywall is…

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We are committed to keeping our valued clients informed on what is happening in the Calgary real estate market. An informed buyer, seller or investor is a better buyer, seller or investor. Understanding the market allows you to make decisions that are educated and strategic. Remember that we are with you every step of the way: if you have any questions, comments, concerns or suggestions please let us know. You can call us directly at 403-630-6363 or email us at team@kenrichter.com

As real estate agents in Calgary we are members of CREB®, the Calgary Real Estate Board. They are a great resource for us and anyone looking for information on the market. Each month they post the statistics from the market the previous month, which we always do a summary of…

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This 2 bedroom, 1 1/2 bathroom corner unit sits on the 19th floor in the wonderful Point McKay area. The bright kitchen and open living room make this condo feel fresh, clean and modern. This unit is currently rented on a lease for $1600/month until June 2018. The buyer can assume the tenants and take immediate possession. 

The views from this condo are incredible. Breathe easy as you take in the Bow River escarpment, the downtown core twinkling from afar. The large windows in every area of the house and a corner wrap around porch give you the perfect place to gaze out over beautiful Calgary. 

This condo has underground heated parking and a car wash. You receive a separate storage locker and mailbox, giving you security and privacy. With 24 hour…

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Last night "approximately 125 people were forced out of a building in Kensington ... after it was determined it was at risk of collapsing... Residents at Kensington Manor had only 15 minutes to gather their belongings before leaving" (Global News Calgary). As the tenants and landlord of this building grapple with this potentially devastating situation, we are all reminded that renting is not always picture-perfect. 

Many people pursue investment properties that they can rent as a form of supplementary income. Real estate is a wonderful place to invest your money and (potentially) see a massive return. However, renting a property is not as simple as finding a tenant and signing a lease. 

Others turn to rental properties as a place to live before they…

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CREB®, the Calgary Real Estate Board, did not have the best news to share during October's market statistics summary. 

October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year.

So what exactly were the stats? Here are some highlights to know:

  • October Sales: 1,467 units
  • Inventory: 6,463 units
  • Most Inventory: Detached homes under $500,000
  • City-wide Unadjusted Benchmark Price: $438,900 (this is 0.6 % below last month)

CREB® chief economist Ann-Marie Lurie says, "while economic activity has improved in 2017, it will take some time for this to…

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We love working with this builder because their properties are always crafted with the highest quality of care. 4739 22 Avenue is no exception.

This two story home will have you releasing a breath you never realized you had been holding. The open-concept property has a fully developed walk-out that leads to dramatic south valley and mountain views, giving you room to breathe and truly relax.

With approximately 2,500 square feet of development that includes four bedrooms and three and a half bathrooms, one of which is a five piece master ensuite, living space is plentiful. This property boasts a gorgeous contemporary kitchen with quartz counter tops, a gas fireplace in the living room, huge windows and two sets of glass sliding doors that open up to…

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