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A Comparison: Bare Land Condo vs. Conventional Condo

  1. Ownership Structure:

    • Bare Land Condo  In a bare land condo, the owner holds title to both the individual unit (such as a house) and the land it sits on. However, there may still be common areas and shared amenities that are collectively owned by all the unit owners within the development
    • Conventional Condo: In a conventional condo, the owner only holds title to the individual unit itself, not the land it occupies or any common areas. The land and common areas are typically owned by a homeowners' association (HOA) or condominium corporation, in which each unit owner holds a share.
  2. Property Type:

    • Bare Land Condo: This type of condo typically involves detached or semi-detached houses, townhouses, or duplexes, where each unit owner also owns the land on which their unit is built. The common areas in a bare land condo development may include things like roads, parks, or landscaping, which are jointly maintained by the owners.
    • Conventional Condo: Conventional condos usually consist of multi-unit buildings or complexes where each unit is individually owned but shares common areas and amenities such as hallways, elevators, parking lots, swimming pools, and recreational facilities. The land and common elements are collectively owned and maintained by the HOA or condominium corporation.
  3. Maintenance Responsibilities:

    • Bare Land Condo: Unit owners in a bare land condo are typically responsible for the maintenance and upkeep of their individual units as well as the portion of the common areas assigned to them. They may have more autonomy in making decisions about the maintenance and landscaping of their property.
    • Conventional Condo: Maintenance responsibilities in a conventional condo are often governed by the HOA or condominium corporation, which collects fees from unit owners to cover shared expenses such as landscaping, repairs, insurance, and amenities. Unit owners have less control over these decisions as they are typically made collectively by the HOA or condominium board.
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511 128 2 Street SW
Chinatown Calgary T2P 0S7

$378,800
Residential beds: 1 baths: 1.0 692 sq. ft. built: 2015

Main Photo: 511 128 2 Street SW in Calgary: Chinatown Apartment for sale : MLS®# A2203391
Photo 1: 511 128 2 Street SW in Calgary: Chinatown Apartment for sale : MLS®# A2203391
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2203391
Bedrooms:
1
Bathrooms:
1
Year Built:
2015
Located between Calgary's downtown core and Prince's Island Park, the homes at Outlook are a great place to call home. Walk to work via the +15 network located steps away or go for a run along the river path. Residents have access to over 6000 sq ft of amenities including a private owner's lounge, guest suites, car wash bays, a theater room, fully equipped fitness center and yoga studio, indoor whirlpool and steam. This large 1+Den has unique features including a wide open living space, a chef-inspired kitchen with a gas range, a gas line on the balcony, and vertically extended windows with views of the bow river. The oversized Den can fit a queen size bed, ideal for a guest bedroom or a full size office. Other features includes A/C, a 4-piece bathroom which connects to both the bedroom and living room, underground parking and storage, and a large kitchen pantry which is quite rare in condos these days... Book your tour today.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
692 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$653.30
Condo Fee Includes:
Gas, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Security, Snow Removal, Trash, Water
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
5
Stories Total:
16
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2015 (Age: 10)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1512556
Heating:
Central
New Constr.:
No
Construction Material:
Concrete, Metal Frame
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Outlook at Waterfront
Chinatown
Fitness Center, Guest Suite, Party Room, Snow Removal, Storage, Visitor Parking
Built-In Refrigerator, Dishwasher, Gas Cooktop, Microwave, Range Hood, Washer/Dryer Stacked, Window Coverings
n/a
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Den
8'4" × 7'7"
Main Floor
Pantry
8'1" × 5'
Main Floor
Laundry
3' × 2'11"
Main Floor
Living/Dining Room Combination
18'1" × 11'4"
Main Floor
Bedroom - Primary
10'9" × 8'10"
Main Floor
Balcony
9'9" × 6'9"
Main Floor
Kitchen
8'6" × 8'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
5'7" x 8'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
BBQ gas line
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Mar 18, 2025
Days on Mkt:
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    Oversized Den
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    Pantry
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Listed by City Homes Realty
Data was last updated June 8, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$364,900
Min list price:
$115,000
Max list price:
$1,950,000
Avg days on market:
58
Min days on market:
1
Max days on market:
186
Avg price per sq.ft.:
$603.75
These statistics are generated based on the current listing's property type and located in Chinatown. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706