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A Comparison: Bare Land Condo vs. Conventional Condo
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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.
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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.
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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.
477 72 Avenue NE
Calgary
T2K 5H8
$599,900
Residential
beds: 5
baths: 4.0
1,037 sq. ft.
built: 1973
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2233996
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 1973
- Photos (45)
- Schedule / Email
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This fully renovated short-term rental property has been meticulously rebuilt from the studs up, with over $200,000 invested in professional renovations that showcase exceptional craftsmanship and thoughtful design throughout. Featuring 5 spacious bedrooms and 4 full bathrooms, the home is perfectly suited for accommodating large groups and maximizing rental income. Inside, all systems are brand new—including plumbing, electrical, insulation, drywall, and mechanicals—ensuring long-term peace of mind and minimal maintenance. The interior boasts luxury vinyl plank flooring, recessed LED lighting, quartz countertops, sleek cabinetry, and stainless steel appliances. There are moon lights in the kitchen and the main floor bathroom, adding a subtle, stylish glow that enhances both function and ambiance. Each bathroom is beautifully finished with modern tilework, floating vanities, and glass-enclosed showers, while the bedrooms are bright and offer ample storage.
Backing directly onto a tranquil park, the property provides scenic views, added privacy, and a desirable outdoor connection for guests. The exterior impresses with new windows, doors, siding, roofing, and refreshed landscaping that enhances curb appeal. Additional features include a freshly poured concrete walkway, new fencing, and secure entry points that blend style and functionality. A double detached garage( interior measurements- 23 feet X 21.5 feet) offers ample parking and extra storage—a rare and valuable asset for owners and guests alike.
A major bonus for Airbnb guests is the home's proximity to multiple transit routes—20, 300, and 301—offering seamless and quick access to YYC International Airport and downtown Calgary. Just steps from bus route 20, guests can easily transfer to the express route 300, reaching the airport in about 30 minutes. Additionally, downtown Calgary is accessible in approximately 30 minutes via route 4, providing reliable and convenient transportation options.
With July’s bookings already exceeding $19,000, this property stands as a proven income generator and a standout turnkey investment. Whether you’re running a full-time Airbnb, seeking a dual-income property, or looking for flexibility to accommodate multigenerational living, this home offers outstanding versatility and long-term value. It’s a rare opportunity to own a professionally rebuilt, high-performing property with a double heated & insulated garage, backing onto a park, in a prime transit-connected location. Please use the Virtual Tour link to explore more.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- No
- Home Style:
- Bungalow
- Total Living Area:
- 1,037.16 sq. ft.
- Main Level Finished Area:
- 1,037.16 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Below Grade Finished Area:
- 92.35 sq. ft.
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Includes:
- Signup
- Lot Area:
- 5,155 sq. ft.
- Lot Frontage:
- 39'7"
- Acres Cleared:
- Signup
- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- North
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Unit Exposure:
- North
- Levels:
- One
- Total Rooms Above Grade:
- 5
- Year built:
- 1973 (Age: 52)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 4.0 (Full:4, Half:0)
- Plan:
- 1259LK
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Wood Frame
- Structure Type:
- House
- Roof:
- Clay Tile
- Ensuite:
- Yes
- Flooring:
- Laminate
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- Yes
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached, Garage Door Opener, Insulated
- Parking Places:
- 2
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- Lower Level, Main Level
- Huntington Hills
- Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Window Coverings
- n/a
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Living Room
- 12'9" × 10'6"
- Main Floor
- Kitchen
- 11'11" × 10'2"
- Main Floor
- Bedroom - Primary
- 14'11" × 13'7"
- Main Floor
- Bedroom
- 14'4" × 8'8"
- Main Floor
- Bedroom
- 10'8" × 8'8"
- Basement
- Kitchen
- 12' × 7'8"
- Basement
- Dining Room
- 12' × 4'8"
- Basement
- Bedroom
- 13'5" × 9'8"
- Basement
- Bedroom
- 13'3" × 9'
- Basement
- Laundry
- 7'9" × 6'10"
- Basement
- Furnace/Utility Room
- 8'3" × 3'6"
- Basement
- Den
- 14'10" × 7'8"
- Suite
- Laundry
- 5'8" × 2'11"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 5' x 6'5"
- Main Floor
- Yes
- 3
- 4'3" x 9'5"
- Basement
- No
- 4
- 5'5" x 9'
- Basement
- No
- 3
- 5'4" x 7'
- Title to Land:
- Fee Simple
- Community Features:
- Other
- Interior Features:
- Kitchen Island, Quartz Counters, Recessed Lighting, See Remarks, Skylight(s), Vinyl Windows
- Exterior Features:
- Other, Storage
- Patio And Porch Features:
- Deck, Front Porch, See Remarks
- Lot Features:
- Rectangular Lot
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone N
- Zoning:
- RC-G
- Listed Date:
- Jun 24, 2025
- Days on Mkt:
- Signup
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Main Floor Laundry Room
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3 pc Ensuite Bath
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Virtual Tour
Virtual Tour
Listed by CIR Realty
Data was last updated August 10, 2025 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 38
- Avg list price:
- $529,500
- Min list price:
- $195,000
- Max list price:
- $949,000
- Avg days on market:
- 37
- Min days on market:
- 2
- Max days on market:
- 168
- Avg price per sq.ft.:
- $476.3
These statistics are generated based on the current listing's property type
and located in
Huntington Hills. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Diane Richardson 403.397.3706
Diane@mypadCalgary.com
Cell:
403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary
AB
T2H 2C3
CA
Featured Listing
Location: Heritage Pointe
77 Waters Edge Drive
$1,549,900
MLS®#: A2233552
Bedrooms: 4
Bathrooms: 4.0
CIR Realty