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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.
67 Mystic Ridge Way SW
Calgary
T3H 1S7
$2,260,000
Residential
beds: 5
baths: 5.0
4,040 sq. ft.
built: 2014
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2213364
- Bedrooms:
- 5
- Bathrooms:
- 5
- Year Built:
- 2014
- Photos (50)
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This custom-designed home sits on a rare oversized corner lot backing onto green space in prestigious Mystic Ridge. The main floor features a private den, powder room, office and an open-concept great room flowing into a spacious kitchen and nook. The chef’s kitchen includes high-end appliances (Wolf gas cooktop, Sub-Zero fridge), custom cabinetry, and Caesarstone countertops.
Upstairs, there are four bedrooms, three full bathrooms, and a vaulted bonus room. The luxurious primary suite includes a fireplace, a spa-inspired ensuite with under-floor heating, a steam shower, and dual vanities.
The fully developed walk-up basement features a media room, large games/family area, fifth bedroom, full bathroom, and underfloor heating. Enjoy ceiling speakers in every room, exterior surround cameras, a triple oversized garage with room for car lifts and gas pipes ready for a garage heater, two furnaces, an air conditioning unit, and a central vacuum.
Professionally landscaped, the backyard includes a stamped concrete patio and a large gazebo with automated sprinklers in the front and back. It is minutes from top schools, shopping, recreation, and scenic walking/biking trails.
- 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:
- 2 Storey
- Total Living Area:
- 4,040.5 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Includes:
- Signup
- Lot Area:
- 10,817 sq. ft.
- Lot Frontage:
- 80'8½"
- 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:
- West
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Unit Exposure:
- West
- Floor Location:
- Ground
- Levels:
- Two
- Total Rooms Above Grade:
- 9
- Year built:
- 2014 (Age: 11)
- Bedrooms:
- 5 (Above Grd: 4)
- Bedrooms Above Grade:
- 4
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 5.0 (Full:4, Half:1)
- Plan:
- 1410796
- Heating:
- Central, Fireplace(s), Forced Air, Natural Gas
- Basement:
- Finished, Full, Walk-Out To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Stone, Stucco, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Ceramic Tile, Hardwood
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Bedroom, Gas, Gas Starter, Great Room
- Garage:
- 1
- Garage Spaces:
- 3
- Parking:
- Concrete Driveway, Triple Garage Attached
- Parking Places:
- 6
- Parking Total/Covered:
- 6 / -
- Laundry Features:
- Upper Level
- Springbank Hill
- Bar Fridge, Built-In Oven, Central Air Conditioner, Dishwasher, Garage Control(s), Garburator, Gas Cooktop, Gas Water Heater, Humidifier, Microwave, Washer/Dryer, Window Coverings
- None
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Entrance
- 11'10" × 10'
- Main Floor
- Living Room
- 16'7" × 14'
- Main Floor
- Dining Room
- 17'2" × 17'
- Main Floor
- Kitchen
- 16'6" × 15'5"
- Main Floor
- Office
- 14'10" × 9'5"
- Main Floor
- Mud Room
- 10'5" × 10'
- Main Floor
- Flex Space
- 13'9" × 11'5"
- Main Floor
- Pantry
- 9'10" × 7'9"
- 2nd Floor
- Bedroom - Primary
- 17' × 15'7"
- 2nd Floor
- Bedroom
- 11'6" × 11'5"
- 2nd Floor
- Bedroom
- 13'3" × 10'10"
- 2nd Floor
- Bedroom
- 17'3" × 11'
- 2nd Floor
- Laundry
- 11'9" × 5'4"
- 2nd Floor
- Bonus Room
- 15'8" × 13'9"
- Lower Level
- Family Room
- 31' × 13'5"
- Lower Level
- Game Room
- 26'8" × 14'6"
- Lower Level
- Media Room
- 15'6" × 11'1"
- Lower Level
- Storage
- 8'9" × 4'9"
- Lower Level
- Bedroom
- 11'1" × 10'7"
- Lower Level
- Wine Cellar
- 5'1" × 4'
- Lower Level
- Furnace/Utility Room
- 10'9" × 8'9"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- 7'10" x 5'1"
- 2nd Floor
- No
- 4
- 9'1" x 4'11"
- 2nd Floor
- Yes
- 5
- 13'3" x 11'6"
- 2nd Floor
- No
- 5
- 11'5" x 4'11"
- Lower Level
- No
- 4
- 7'7" x 4'11"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Interior Features:
- High Ceilings, Open Floorplan
- Exterior Features:
- Balcony, BBQ gas line, Garden, Private Yard
- Patio And Porch Features:
- Deck, Patio
- Lot Features:
- Back Yard, Backs on to Park/Green Space, Cul-De-Sac, Front Yard, Gazebo, Landscaped, Pie Shaped Lot, Underground Sprinklers
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone W
- Zoning:
- R-G
- Listed Date:
- May 21, 2025
- Days on Mkt:
- Signup
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Pantry
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Mud Room
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Powder Room
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Office
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Master Bedroom
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Master Bathroom
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Master Closet
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Balcony
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Bonus Room
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Bedroom 3
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Ensuite 3
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Laundry
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Bedroom 2
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Jack & Jill Bathroom
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Bedroom 2
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Bathroom
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Bedroom 4
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Media Room
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Community path
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Community pond
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Community path
Virtual Tour
3D Tour
Listed by CIR Realty
Data was last updated June 12, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 72
- Avg list price:
- $799,000
- Min list price:
- $269,000
- Max list price:
- $3,649,000
- Avg days on market:
- 40
- Min days on market:
- 1
- Max days on market:
- 456
- Avg price per sq.ft.:
- $493.98
These statistics are generated based on the current listing's property type
and located in
Springbank Hill. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Featured Listing
111 - 338 Seton Circle Southeast
$290,000
MLS®#: A2215400
Bedrooms: 2
Bathrooms: 1.0
Floor Area: 654.17 sq. ft.
CIR Realty