Calgary bungalow attracts 5 bids after 5 days on market

3804 31 St. SW., Calgary

Asking value: $725,000 (March, 2022)

Promoting value: $782,000 (April, 2022)

Taxes: $4,107 (2021)

Days available on the market: 5

Itemizing brokers: Kamil Lalji, CIR Realty


The motion

This three-bedroom bungalow underwent a three-week lengthy makeover, full with a paint job and staging. The ensuing clean-cut look helped tease out 5 bidders. A lot of the presents had been clustered across the identical quantity, however one bidder got here again with a revised supply $57,000 over the asking value.

“Proper now, in Calgary, there’s stuff to purchase, however the issue is a number of it is not nice or its not properly offered,” Kamil Lalji mentioned.

“We timed it on the peak of the market, and since then, issues have been steadily declining when it comes to viewing exercise and a number of presents.”

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High: The lounge includes a wood-burning range. Above: The eat-in kitchen comes with new finishes.Otbx/Preptours

What they acquired

This 65-year-old home has 1,293 sq. toes of residing house, plus a double storage behind the 55- by 100-foot lot.

The roof, entrance façade and furnace have been not too long ago renewed, as have the finishes within the eat-in kitchen and two loos.

There are three separate entertaining areas, with the most important within the decrease degree. The principle flooring household room has a wooden burning fire and an exit to a multi-level deck.

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This 65-year-old home has 1,293 sq. toes of residing house and sits on a 16- by 30-metre lot.Otbx/Preptours

The agent’s take

“It had a very nice, modern, mid-century fashionable really feel,” Mr. Lalji mentioned.

“The sellers are architectural designers, so that they’re very artistic sorts, so that they offered a pleasant, nearly funky wanting residence that typically individuals actually beloved.”

The placement was additionally interesting. “It is throughout from a park, and on a quiet avenue,” Mr. Lalji mentioned.

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The three-bedroom bungalow was renovated over a interval of three weeks.Otbx/Preptours

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