Calgary bungalow finds buyer as market warms

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This detached bungalow is set on a 49-by 156-foot lot near Canada Olympic Park. It has 10-foot ceilings and two fireplaces, as well as heated floors in three bathrooms

This detached bungalow had an offer during its first six weeks on the market, but it was too low for the sellers’ liking. As the winter holidays approached and tighter lockdown restrictions loomed, it was taken off the market. In the new year, the previous bidder turned up again with a second proposal, and later, a third pitch of $975,000 which was accepted.Sotheby’s International Realty Canada

“The Calgary market has gone from struggling to unusually brisk in the last 90 days,” said agent Steven Hill. “This was a great example of how an accurately priced and well marketed property can sell in this climate.”Story continues below advertisementThis 1,965-square-foot house on a 49-by 156-foot lot near Canada Olympic Park was a builder’s own home with many upgrades.

The kitchen has mahogany hardwood floors, granite countertops, stainless steel appliances and a butler’s pantry.Sotheby’s International Realty Canada There are four bedrooms and open entertainment areas on both levels with a wet bar on the lower level. Double doors on the main floor open to a covered deck and a south-facing yard that backs onto a proposed greenbelt.“It’s a really beautiful executive bungalow in a great area,” said Mr. Hill. “It has really nice, tasteful, luxury finishings and is still under that $1-million threshold.”to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

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