Experience Luxury Living in the Heart of Calgary: 1232 Colgrove Avenue NE
Welcome to 1232 Colgrove Avenue NE, an exceptional residence located in the desirable community of Renfrew in Calgary. This stunning 3-storey home, designed with inspiration from the timeless architecture of New York, offers unmatched luxury and breathtaking views of the downtown Calgary city skyline from its third-storey loft. With a listing price of $999,900, this home is the epitome of elegance and sophistication.Crafted by the renowned inner-city builder and BILD award winner, Green Cedar Homes Inc., this residence spans over 2,500 square feet of thoughtfully designed living space. As you step inside, you'll be captivated by the meticulously planned open floor layout, seamlessly blending modern elegance with functional living.The main level welcomes you with a charming dining room upon entry, leading to a fully equipped gourmet kitchen adorned with Frigidaire Professional appliances. The kitchen boasts a 10-foot-long island with breakfast bar seating, under-cabinet LED lighting, and a family living room. From here, a sliding rear patio door invites you to an outdoor backyard concrete pad, perfect for all your family entertainment needs.Luxury is a defining feature on all four floors, with upgraded MDF shiplap detailing, wall sconce LED lighting, and built-in speakers throughout, complemented by premium built-in finishes. The second level hosts a master bedroom retreat with a 5-piece ensuite bathroom, including a stand-alone tub, his and hers sinks, in-floor heating, a custom shower, and a walk-in closet. An additional bedroom with its own 4-piece ensuite and a convenient laundry room complete the second floor.The third floor is a loft-inspired haven, featuring a bonus room with French door access to a balcony showcasing unobstructed downtown views. This space is ideal for entertaining or simply enjoying quiet evenings. Additionally, the third floor boasts a wet bar, a den/office, and another bedroom with a 4-piece bathroom.The basement of this remarkable home offers a cozy retreat covered in premium upgraded carpet. It features a Rough-in basement in-floor heating system, a Tankless water system, a recreation room, a wet bar, a 4-piece bathroom, and a bedroom. This basement is the perfect space for relaxation or hosting guests.1232 Colgrove Avenue NE is more than just a home; it is a masterpiece of design and craftsmanship. This residence offers a rare blend of sophistication, comfort, and breathtaking views in one of Calgary's most sought-after neighbourhoods. In addition to its luxurious features, this home is conveniently located just minutes from Downtown, Deerfoot Trail, Memorial Drive, Off-leash Park, Calgary Zoo, Bow River, Telus Spark Science Centre, playgrounds, schools, Memorial Station, and all of Bridgeland's trendy shops and restaurants. If you're looking to experience luxury living in the heart of Calgary, look no further than 1232 Colgrove Avenue NE. This is an opportunity to elevate your lifestyle and enjoy the very best that Calgary has to offer. Don't miss out on this rare gem – schedule a viewing today!
5 Ways to Increase Your Home’s Resale Value
If you're planning to sell your home in the near future, you may be wondering how you can increase its resale value. Fortunately, there are several ways to make your home more appealing to potential buyers and maximize its selling price. In this blog post, we will explore five key areas where you can make updates and improvements to increase your home's resale value.1. Exterior Updates:First impressions matter, and the exterior of your home is the first thing potential buyers will see. Curb appeal plays a significant role in attracting buyers and can significantly impact the perceived value of your home. Consider making updates such as repainting the exterior, replacing outdated siding, or adding landscaping features like fresh flowers and shrubs. These improvements can enhance the overall look of your home and make it more inviting to potential buyers.2. Kitchen Updates:The kitchen is often considered the heart of the home, and it is a crucial selling point for many buyers. Updating your kitchen can have a substantial impact on your home's resale value. Consider investing in new appliances, updating cabinets and countertops, or adding a fresh coat of paint. You don't have to break the bank to make a difference – even small changes like replacing hardware or updating the lighting fixtures can give your kitchen a modern and appealing look.3. Roofing Updates:A well-maintained roof not only protects your home from the elements but also adds to its overall value. If your roof is showing signs of wear and tear or is nearing the end of its lifespan, consider investing in a roof replacement. Potential buyers will appreciate knowing that they won't have to worry about costly repairs or replacements in the near future. Additionally, a new roof can provide a sense of security and add aesthetic appeal to your home, making it more enticing to potential buyers.4. Window Updates:Windows play a vital role in the overall energy efficiency and aesthetics of your home. Outdated or inefficient windows can be a turn-off for buyers. Consider replacing old windows with energy-efficient ones that can help reduce heating and cooling costs. Additionally, modern windows can enhance the appearance of your home, both from the inside and outside, giving it a fresh and updated look.5. Bathroom Updates:Bathrooms are another area that can significantly impact a home's resale value. Consider making updates such as replacing old fixtures, updating the flooring, or adding a fresh coat of paint. If your budget allows, you might also consider upgrading to a more modern shower or bathtub. Small changes like replacing faucets or adding new lighting can also make a big difference in the overall appeal of your bathroom.In conclusion, investing in updates and improvements to your home can increase its resale value and attract potential buyers. By focusing on areas such as the exterior, kitchen, roofing, windows, and bathrooms, you can make your home more appealing and maximize its selling price. Remember to consider your budget and prioritize updates that will provide the most return on investment. With careful planning and thoughtful updates, you can ensure that your home stands out in the competitive real estate market and fetches a higher resale value.
Financial Pitfalls to Avoid As a New Landlord
Financial Pitfalls to Avoid As a New LandlordInvesting in real estate can be a lucrative venture, especially for those looking to generate passive income and build long-term wealth. Becoming a landlord, however, requires careful planning and consideration to avoid potential financial pitfalls that can significantly impact your bottom line. In this blog, we will discuss some common mistakes new landlords make and provide insights on how to avoid them.Forgoing an Inspection:One of the most common mistakes new landlords make is skipping a thorough inspection of the property before purchasing it. While the allure of a seemingly good deal may be enticing, it is crucial to have a professional inspector assess the property's condition. An inspection can reveal hidden issues that may require costly repairs, such as plumbing problems, electrical deficiencies, or structural weaknesses. By forgoing an inspection, you run the risk of purchasing a property with significant underlying issues that can drain your finances in the long run.Inadequate Insurance:Another critical aspect new landlords often overlook is obtaining adequate insurance coverage. Standard homeowner's insurance typically does not provide sufficient protection for rental properties. As a landlord, you need specialized landlord insurance that covers potential liabilities, property damage, loss of rental income, and even legal expenses. Failing to secure proper insurance can leave you exposed to financial risks if accidents, natural disasters, or tenant disputes occur.Credit Check:Screening prospective tenants thoroughly is essential in order to avoid potential financial headaches. Conducting a credit check on potential tenants can help you assess their financial responsibility and the likelihood of timely rental payments. Without this crucial step, you risk renting to individuals with a poor credit history or a track record of late payments. This can result in missed rent payments and the need to pursue costly eviction processes.Tax Benefits:New landlords often overlook the significant tax benefits associated with real estate investments. Taking advantage of tax deductions, such as mortgage interest, property taxes, and depreciation, can significantly reduce your taxable income. Familiarize yourself with these tax benefits and consult with a tax professional to ensure you maximize your deductions. Failing to do so may result in paying more taxes than necessary and missing out on potential savings.Shoddy Repairs:Cutting corners on repairs and maintenance is a mistake that can cost you dearly as a landlord. While it may be tempting to opt for cheap or quick fixes, shoddy repairs can lead to recurring issues and tenant dissatisfaction. Investing in quality repairs and addressing maintenance concerns promptly is crucial to maintaining a property's value and retaining reliable tenants. By taking a proactive approach to repairs, you can avoid costly emergency repairs down the line.Leverage:Understanding the concept of leverage is essential for new landlords. Leverage refers to using borrowed funds, such as a mortgage, to finance a real estate investment. While leverage can be a powerful tool to increase your return on investment, it can also amplify losses if not used wisely. Carefully assess your financial situation and evaluate the potential risks and rewards of leveraging your investments. Working with a financial advisor or mortgage professional can provide valuable insights to help you make informed decisions.In conclusion, becoming a successful landlord requires a thorough understanding of the potential financial pitfalls that can arise. By avoiding common mistakes such as forgoing inspections, inadequate insurance, neglecting credit checks, overlooking tax benefits, shoddy repairs, and mismanaging leverage, you can position yourself for a successful and profitable real estate investment venture. Remember to do your due diligence, seek professional advice when needed, and prioritize long-term financial stability as a new landlord.
Categories
Recent Posts
