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I have sold a property at 10012 Willowview ROAD SE in Calgary

I have sold a property at 10012 Willowview ROAD SE in Calgary on Nov 4, 2023. See details here

Welcome Home to this Beautifully Renovated Bungalow in the Desirable Community of Willow Park; located less than 1 block from Willow Park Golf Club! Sitting on an Oversized Lot with a West Facing Backyard, you will enjoy the Zero-Maintenance Front and Backyard, which include Stamped Concrete Walkways, Aggregated Stone Patio in the front, Artificial Turf and Custom Decorative Concrete Curbing (landscaping valued at $100,000). This home has a Dream Kitchen which includes Custom Built Cabinetry with under-cabinet lighting, Top of line Miele Stainless Steal Appliances (Steam Oven & Convection Oven), Viking Gas Range with Stainless Steel Range Hood, Sub-Zero Fridge, Dishwasher, Garburator, Instant Hot Water tap, Purified Water tap, Granite Counters, Pantry, Island & Heated Tile -Flooring completes this Incredible Kitchen (valued at over $70,000)! Freshly Painted Main Floor with LED Recessed Lighting, upgraded interior doors, beautiful flooring throughout, 4-piece bathroom with Jetted Soaker Tub/Shower combo & Low-Flush toilet; 2 bedrooms PLUS enjoy your Master Retreat w/ Vaulted Ceiling in the addition, a Large Built-in Wall Closet & your own Private Ensuite featuring a Spacious Tiled Shower, Granite Counters & Low-Flush Toilet. Large Living room, Dinning room & plenty of closet space throughout complete your main floor. Cozy up to your Gas Fireplace in the bsmt rec room w/ wet bar area. A Large 4th bedroom with Spacious Built-in Wall Closet & another beautiful 4-piece bathroom w/ a Jetted Soaker Tub large enough for two, Low-Flush Toilet, Heated Tile Floors & an Over-Sized Tiled Shower. There are endless options for this bsmt; enjoy it as additional living space for your large or growing family, or it can be easily reconfigured to create a separate (illegal) basement suite. Majority of work is completed for you to turn it into a mortgage helper, as it already has a kitchen area with fridge, cabinets & sink. This incredible home has had numerous upgrades all done within the last few years! They include: Central A/C (2019), High-Efficiency Furnace (2016), 75 Gallon Hot water Tank, Water Softener (Nov 2020), Roof w/ 25 year Shingles (2016), old insulation in attic removed & new blown-in insulation done in 2016, upgraded Front & Rear Exterior Doors with a 3 deadbolt lock system for added security, LED lighting throughout the home & garage, the Stucco was redone & painted (2016), Triple Glazed Windows (main level), Double Glazed bsmt windows & ALL windows have had Professional Tinting installed in 2020, which provides privacy & keeps the heat out in the summer ($5000 value). Completing this home there's an Oversized Double Car Garage (25'x29') built in 2002, which accommodates 3 vehicles. It features Epoxy Flooring (2016), Fully Insulated & Heated w/ 220 wiring PLUS 2 additional (outdoor) Paved Parking Stalls w/ Paved Back Alley Access & Matching Custom-Built, Oversized Shed in backyard!

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New property listed in Willow Park, Calgary

I have listed a new property at 10012 Willowview ROAD SE in Calgary. See details here

Welcome Home to this Beautifully Renovated Bungalow in the Desirable Community of Willow Park; located less than 1 block from Willow Park Golf Club! Sitting on an Oversized Lot with a West Facing Backyard, you will enjoy the Zero-Maintenance Front and Backyard, which include Stamped Concrete Walkways, Aggregated Stone Patio in the front, Artificial Turf and Custom Decorative Concrete Curbing (landscaping valued at $100,000). This home has a Dream Kitchen which includes Custom Built Cabinetry with under-cabinet lighting, Top of line Miele Stainless Steal Appliances (Steam Oven & Convection Oven), Viking Gas Range with Stainless Steel Range Hood, Sub-Zero Fridge, Dishwasher, Garburator, Instant Hot Water tap, Purified Water tap, Granite Counters, Pantry, Island & Heated Tile -Flooring completes this Incredible Kitchen (valued at over $70,000)! Freshly Painted Main Floor with LED Recessed Lighting, upgraded interior doors, beautiful flooring throughout, 4-piece bathroom with Jetted Soaker Tub/Shower combo & Low-Flush toilet; 2 bedrooms PLUS enjoy your Master Retreat w/ Vaulted Ceiling in the addition, a Large Built-in Wall Closet & your own Private Ensuite featuring a Spacious Tiled Shower, Granite Counters & Low-Flush Toilet. Large Living room, Dinning room & plenty of closet space throughout complete your main floor. Cozy up to your Gas Fireplace in the bsmt rec room w/ wet bar area. A Large 4th bedroom with Spacious Built-in Wall Closet & another beautiful 4-piece bathroom w/ a Jetted Soaker Tub large enough for two, Low-Flush Toilet, Heated Tile Floors & an Over-Sized Tiled Shower. There are endless options for this bsmt; enjoy it as additional living space for your large or growing family, or it can be easily reconfigured to create a separate (illegal) basement suite. Majority of work is completed for you to turn it into a mortgage helper, as it already has a kitchen area with fridge, cabinets & sink. This incredible home has had numerous upgrades all done within the last few years! They include: Central A/C (2019), High-Efficiency Furnace (2016), 75 Gallon Hot water Tank, Water Softener (Nov 2020), Roof w/ 25 year Shingles (2016), old insulation in attic removed & new blown-in insulation done in 2016, upgraded Front & Rear Exterior Doors with a 3 deadbolt lock system for added security, LED lighting throughout the home & garage, the Stucco was redone & painted (2016), Triple Glazed Windows (main level), Double Glazed bsmt windows & ALL windows have had Professional Tinting installed in 2020, which provides privacy & keeps the heat out in the summer ($5000 value). Completing this home there's an Oversized Double Car Garage (25'x29') built in 2002, which accommodates 3 vehicles. It features Epoxy Flooring (2016), Fully Insulated & Heated w/ 220 wiring PLUS 2 additional (outdoor) Paved Parking Stalls w/ Paved Back Alley Access & Matching Custom-Built, Oversized Shed in backyard!

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I have sold a property at 378 Somerside PARK SW in Calgary

I have sold a property at 378 Somerside PARK SW in Calgary. See details here

***OPEN HOUSE: FRIDAY AUG. 11, 6-8PM AND SATURDAY AUG. 12, 1-3PM*** Discover the perfect bungalow in the desirable Somerset community. This home offers access to fantastic amenities including a splash park, walking paths, and a community garden. Conveniently located near the c-train and Shawnessy shopping center, this 2-bedroom gem features spacious living areas with vaulted ceilings. The large primary bedroom is complete with a custom-built closet and a beautifully renovated 4pc-ensuite with in-floor heating. The kitchen boasts stainless steel appliances, under cabinet lighting, walk-in panty, granite countertops, an island, and a large eating nook. From the kitchen step out onto the deck and into the private backyard. Upgrades are evident with the newer furnace and hot water tank installed in 2019. Additionally, post-2020 hailstorm, the facia, soffit, roof shingles were replaced and vinyl siding repaired. Embrace comfort and convenience in this remarkable home.

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I have sold a property at 37 Heritage DRIVE in Cochrane

I have sold a property at 37 Heritage DRIVE in Cochrane. See details here

Welcome Home to this Charming and Spacious 2-storey House in the Beautiful Community of Heritage Hills in Cochrane. Relax in the Mornings while enjoying your coffee on the Front Porch, while inside on the Main floor, you will find a Den, 2pc Bath, Livingroom with Gas Fireplace, and Dining Area open to the Kitchen with Brand New Vinyl-Plank Flooring, Energy-Efficient Stainless Steel Appliances and Granite Counters. Enjoy the Summer Evenings on your Large Deck, which leads to your Detached Double Car Garage & an additional parking stall next to it. Located upstairs is a Large Master Bedroom, with a big Walk-In Closet. Unwind in the Soaker Tub located in your 5pc Ensuite Bathroom after a long day at work. The 2nd and 3rd bedrooms are spacious with large closets and there is a 4pc Bathroom, as well as a spacious Laundry Room with Built-In Cabinets to keep everything organized. Plenty of additional storage is located in the Basement, which is mostly finished. It has been developed with a Large Recreation Room (needs flooring), a 4th Bedroom is complete and the Bathroom is roughed-in, waiting for your finishing touches.

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I have sold a property at 2001 Ravensdun CRESCENT SE in Airdrie

I have sold a property at 2001 Ravensdun CRESCENT SE in Airdrie. See details here

Welcome Home to Your BRAND NEW 2-Storey Home in the Desirable Community of Ravenswood. Purchase this NEVER LIVED-IN Home and get the BENEFIT of SAVING the 5% GST!! This 2690 sq ft Home has a LONG LIST of incredible UPGRADES ($60,000 worth)! Starting with a GOURMET KITCHEN which includes upgraded appliances ($16,000 Value), upgraded Cabinets & Hardware, Quartz Countertops AND a SPICE-KITCHEN with a walk-through pantry leading to the Mud Room. The main floor also boasts Engineered Hardwood flooring, a Den/Office, a Dining area and Electric Fireplace with Beautiful Tile Spanning from floor to ceiling in the Livingroom. The Stair Railings have been upgraded to a maple finish with metal spindles. The 2nd Floor Features TWO Primary Bedrooms both with Ensuites and Walk-in Closets. One has a 5pc Ensuite with an added Shower Bench and Niche and the other has a 4pc Ensuite. PLUS Two additional bedrooms, a 4pc bathroom, Large Bonus Room and Laundry Room with plenty of storage. All bathrooms have upgraded tiles, countertops and hardware. Upgraded Lighting throughout the home and 9’ Ceilings on all levels including the unfinished basement, which also has a separate side entrance and an extra window. The Double Attached Garage height was extended to 8’. As well as an increased-sized Front Veranda and upgraded front door to a Spanish Oak finish with side windows on both sides of the door. The Front Driveway and Concrete walkway will be completed by the builder shortly. You will also notice paved side and rear laneways. A Rear Deck with Railings, Extra Light and gas line for your BBQ has been added and the Front and Back Yards await your finishing touch.

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New property listed in Cochrane, Cochrane

I have listed a new property at 37 Heritage DRIVE in Cochrane. See details here

Welcome Home to this Charming and Spacious 2-storey House in the Beautiful Community of Heritage Hills in Cochrane. Relax in the Mornings while enjoying your coffee on the Front Porch, while inside on the Main floor, you will find a Den, 2pc Bath, Livingroom with Gas Fireplace, and Dining Area open to the Kitchen with Brand New Vinyl-Plank Flooring, Energy-Efficient Stainless Steel Appliances and Granite Counters. Enjoy the Summer Evenings on your Large Deck, which leads to your Detached Double Car Garage & an additional parking stall next to it. Located upstairs is a Large Master Bedroom, with a big Walk-In Closet. Unwind in the Soaker Tub located in your 5pc Ensuite Bathroom after a long day at work. The 2nd and 3rd bedrooms are spacious with large closets and there is a 4pc Bathroom, as well as a spacious Laundry Room with Built-In Cabinets to keep everything organized. Plenty of additional storage is located in the Basement, which is mostly finished. It has been developed with a Large Recreation Room (needs flooring), a 4th Bedroom is complete and the Bathroom is roughed-in, waiting for your finishing touches.

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I have sold a property at 216 130 New Brighton WAY SE in Calgary

I have sold a property at 216 130 New Brighton WAY SE in Calgary. See details here

4 Reasons You're Going to FALL IN LOVE with Townhouse 216: 1. ROOM TO LIVE: Well thought-out design with 1269 sq ft of living space. Enjoy your DUAL PRIMARY suites, 2.5 bathrooms, FLEX SPACE and ATTACHED GARAGE. This is a full-sized home! The main floor features a FUNCTIONAL floorplan with a perfectly proportioned living room and oversized eat-in kitchen with a balcony. Upstairs, dual primary suites are both equipped with 4-piece ensuites and double closets. 2. THE KITCHEN: BEAUTIFULLY DESIGNED with a stainless appliance package, MODERN cabinetry, breakfast bar, built-in credenza with additional storage, large window bringing in all-day natural light and a ton of work space PLUS ample storage space. 3. LOWER-LEVEL FLEX ROOM: Whether you need a home office, TV room or kids play area this is the extra space you have been looking for! 4. A CONVENIENT + FAMILY-ORIENTED NEIGHBOURHOOD: New Brighton is a popular family community in SE Calgary. Residents enjoy an active community association with numerous events throughout the year including annual street market, beer gardens, Stampede breakfast and tot's play day along with being within walking distance to schools (Dr. Martha Cohen & St Isabella), many playgrounds throughout the community, great walking paths AND close proximity to shopping, close by restaurants and easy access to 130th Ave, Stoney and Deerfoot Trails.

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Open House. Open House on Saturday, May 13, 2023 1:00PM - 4:00PM

Please visit our Open House at 2001 Ravensdun CRESCENT SE in Airdrie. See details here

Open House on Saturday, May 13, 2023 1:00PM - 4:00PM

** OPEN HOUSE on Saturday, MAY 13 from 1-4 pm & Sunday, MAY 14 from 1-4 pm ** Welcome Home to Your BRAND NEW 2-Storey Home in the Desirable Community of Ravenswood. Purchase this NEVER LIVED-IN Home and get the BENEFIT of SAVING the 5% GST!! This 2690 sq ft Home has a LONG LIST of incredible UPGRADES ($60,000 worth)! Starting with a GOURMET KITCHEN which includes upgraded appliances ($16,000 Value), upgraded Cabinets & Hardware, Quartz Countertops AND a SPICE-KITCHEN with a walk-through pantry leading to the Mud Room. The main floor also boasts Engineered Hardwood flooring, a Den/Office, a Dining area and Electric Fireplace with Beautiful Tile Spanning from floor to ceiling in the Livingroom. The Stair Railings have been upgraded to a maple finish with metal spindles. The 2nd Floor Features TWO Primary Bedrooms both with Ensuites and Walk-in Closets. One has a 5pc Ensuite with an added Shower Bench and Niche and the other has a 4pc Ensuite. PLUS Two additional bedrooms, a 4pc bathroom, Large Bonus Room and Laundry Room with plenty of storage. All bathrooms have upgraded tiles, countertops and hardware. Upgraded Lighting throughout the home and 9’ Ceilings on all levels including the unfinished basement, which also has a separate side entrance and an extra window. The Double Attached Garage height was extended to 8’. As well as an increased-sized Front Veranda and upgraded front door to a Spanish Oak finish with side windows on both sides of the door. The Front Driveway and Concrete walkway will be completed by the builder shortly. You will also notice paved side and rear laneways. A Rear Deck with Railings, Extra Light and gas line for your BBQ has been added and the Front and Back Yards await your finishing touch.

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Open House. Open House on Sunday, May 14, 2023 1:00PM - 4:00PM

Please visit our Open House at 2001 Ravensdun CRESCENT SE in Airdrie. See details here

Open House on Sunday, May 14, 2023 1:00PM - 4:00PM

** OPEN HOUSE on Saturday, MAY 13 from 1-4 pm & Sunday, MAY 14 from 1-4 pm ** Welcome Home to Your BRAND NEW 2-Storey Home in the Desirable Community of Ravenswood. Purchase this NEVER LIVED-IN Home and get the BENEFIT of SAVING the 5% GST!! This 2690 sq ft Home has a LONG LIST of incredible UPGRADES ($60,000 worth)! Starting with a GOURMET KITCHEN which includes upgraded appliances ($16,000 Value), upgraded Cabinets & Hardware, Quartz Countertops AND a SPICE-KITCHEN with a walk-through pantry leading to the Mud Room. The main floor also boasts Engineered Hardwood flooring, a Den/Office, a Dining area and Electric Fireplace with Beautiful Tile Spanning from floor to ceiling in the Livingroom. The Stair Railings have been upgraded to a maple finish with metal spindles. The 2nd Floor Features TWO Primary Bedrooms both with Ensuites and Walk-in Closets. One has a 5pc Ensuite with an added Shower Bench and Niche and the other has a 4pc Ensuite. PLUS Two additional bedrooms, a 4pc bathroom, Large Bonus Room and Laundry Room with plenty of storage. All bathrooms have upgraded tiles, countertops and hardware. Upgraded Lighting throughout the home and 9’ Ceilings on all levels including the unfinished basement, which also has a separate side entrance and an extra window. The Double Attached Garage height was extended to 8’. As well as an increased-sized Front Veranda and upgraded front door to a Spanish Oak finish with side windows on both sides of the door. The Front Driveway and Concrete walkway will be completed by the builder shortly. You will also notice paved side and rear laneways. A Rear Deck with Railings, Extra Light and gas line for your BBQ has been added and the Front and Back Yards await your finishing touch.

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New property listed in New Brighton, Calgary

I have listed a new property at 216 130 New Brighton WAY SE in Calgary. See details here

4 Reasons You're Going to FALL IN LOVE with Townhouse 216: 1. ROOM TO LIVE: Well thought-out design with 1269 sq ft of living space. Enjoy your DUAL PRIMARY suites, 2.5 bathrooms, FLEX SPACE and ATTACHED GARAGE. This is a full-sized home! The main floor features a FUNCTIONAL floorplan with a perfectly proportioned living room and oversized eat-in kitchen with a balcony. Upstairs, dual primary suites are both equipped with 4-piece ensuites and double closets. 2. THE KITCHEN: BEAUTIFULLY DESIGNED with a stainless appliance package, MODERN cabinetry, breakfast bar, built-in credenza with additional storage, large window bringing in all-day natural light and a ton of work space PLUS ample storage space. 3. LOWER-LEVEL FLEX ROOM: Whether you need a home office, TV room or kids play area this is the extra space you have been looking for! 4. A CONVENIENT + FAMILY-ORIENTED NEIGHBOURHOOD: New Brighton is a popular family community in SE Calgary. Residents enjoy an active community association with numerous events throughout the year including annual street market, beer gardens, Stampede breakfast and tot's play day along with being within walking distance to schools (Dr. Martha Cohen & St Isabella), many playgrounds throughout the community, great walking paths AND close proximity to shopping, close by restaurants and easy access to 130th Ave, Stoney and Deerfoot Trails.

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New property listed in Airdrie, Airdrie

I have listed a new property at 2001 Ravensdun CRESCENT SE in Airdrie. See details here

Welcome Home to Your BRAND NEW 2-Storey Home in the Desirable Community of Ravenswood. Purchase this NEVER LIVED-IN Home and get the BENEFIT of SAVING the 5% GST!! This 2690 sq ft Home has a LONG LIST of incredible UPGRADES! Starting with a GOURMET KITCHEN which includes upgraded appliances (worth $16,000), upgraded Cabinets & Hardware, Quartz Countertops AND a SPICE-KITCHEN with a walk-through pantry leading to the Mud Room. The main floor also boasts Engineered Hardwood flooring, a Den/Office, a Dining area and Electric Fireplace with Beautiful Tile Spanning from floor to ceiling in the Livingroom. The Stair Railings have been upgraded to a maple finish with metal spindles. The 2nd Floor Features TWO Primary Bedrooms both with Ensuites and Walk-in Closets. One has a 5pc Ensuite with an added Shower Bench and Niche and the other has a 4pc Ensuite. PLUS Two additional bedrooms, a 4pc bathroom, Large Bonus Room and Laundry Room with plenty of storage. All bathrooms have upgraded tiles, countertops and hardware. Upgraded Lighting throughout the home and 9’ Ceilings on all levels including the unfinished basement, which also has a separate side entrance and an extra window. The Double Attached Garage height was extended to 8’. As well as an increased-sized Front Veranda and upgraded front door to a Spanish Oak finish with side windows on both sides of the door. The Front Driveway and Concrete walkway will be completed by the builder shortly. You will also notice paved side and rear laneways. A Rear Deck with Railings, Extra Light and gas line for your BBQ has been added and the Front and Back Yards await your finishing touch.

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Calgary's Housing Market Update

Calgary's Housing Market: What's Behind the Skyrocketing Prices?

 

Calgary Real Estate and Rental Market Update
April 1, 2023 - Written by Jamie Palmer, President/Broker of Power Properties

 

At the time of writing, the average price of a detached home in Calgary is $708,095! Prices are up 6% compared to March 2022, which itself was 12% higher than March 2021! On top of that, It is anticipated that prices will continue to increase this year! Everyone wants to know what is causing these increases, how long are they likely to last, and is now a good time to buy rental properties?

Immigration and Affordability Fuel Housing Demand in Calgary

The primary driver of price increases is demand fuelled by increasing immigration and population growth in Alberta. Alberta’s population grew by over 60,000 people in 2022. All of these people need somewhere to live and unfortunately (or fortunately depending on if you are a landlord), Alberta has the lowest housing per capita ratio in Canada… Alberta would need to build 138,000 housing units just to be average in Canada, assuming no further population growth, and for perspective, Alberta only had 35,000 housing starts in 2022. So there is a severe imbalance between housing demand and supply, one that is effectively baked in for several years to come, as we can’t build homes fast enough to meet growth.

Much of what is driving immigration to Calgary is the difference in affordability between major cities in Canada, Vancouver and Toronto’s average price for detached homes is still well over a million dollars, and the average household income is lower in both cities compared to Calgary, making Calgary a perceived bargain. So while most Calgarians are gobsmacked at the notion that an average house is $708,000, Torontonians and Vancouverites look and think “what a deal”! There is a similar difference in rents as well, with the average two-bedroom apartment in Toronto costing $3200/month, a number that can get you a nice suburban house in Calgary. 

Calgary's Booming Industries Set to Drive Continued Growth for Years to Come

So the next question is how long will this last? By all indications, Calgary can expect continued increases for the next several years to come. While we are unlikely to see sky-high oil prices due to expectations of a looming worldwide recession, Alberta has numerous other industries that are set to boom including both green and blue hydrogen production, and lithium production. Alberta may have five times more lithium than the rest of Canada, and likely more than all of North America, and it’s relatively easy to extract. So in a world looking for politically safe, environmentally responsible energy and mineral supplies, Alberta is exceptionally well positioned. This is creating well-paying jobs, which in turn is continuing to attract workers from across Canada and around the world. 

Real Estate Market Trends Suggest Now is the Time to Invest

With the above in mind and as my father always told me, the best time to buy real estate was twenty years ago, the second best time is now… With both values and rents expected to continue to increase over the next several years, now is certainly a good time to purchase properties. Having said that, it is important to understand that rents lag sales prices by six months to a year, so it is very difficult to purchase a property and have it produce positive cash flow in the first year. It takes time for the rent to catch up to the sale price so to speak, and this should be budgeted for when you consider purchasing another property.

 

Written by Jamie Palmer, President/Broker of Power Properties Ltd.

Jamie Palmer is the President and Broker of Power Properties. He holds a Certified Property Manager (CPM®) designation, the highest designation in Property Management in North America. He earned an Honors degree from the University of Toronto, and he has over 17 years of experience in property management.

About Power Properties Ltd.

Founded in 1980, Power Properties has been providing hassle-free property management services to property owners, property investors and non-residents with homes in Calgary, Alberta for over 40 years. Our full-service property management includes everything from move in to move out, so you don’t have to worry about the day-to-day operations of your rental property. With a team of licensed professionals, years of experience, and award-winning service, you can rest assured that your property is in good hands.

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