New Calgary townhouse cuts price to compete against area's detached homes
Asking price: $699,800 (May, 2025)
Previous asking price: $724,900 (April, 2025)
Selling price: $683,000 (May, 2025)
Taxes: N/A
Property days on market: 38
Listing agent: Kamil Lalji, CIR Realty
This luxury townhouse on an infill site six kilometres from Calgary's downtown core is one of eight units newly constructed by Crystal Creek Homes, a developer that more typically builds in the suburbs. This centre unit was advertised for $724,900, but the asking price was quickly trimmed to $699,800 to entice local buyers more used to detached housing.
'From a buyer's perspective, for that number, you can live in a detached home in suburbia or buy an older infill for maybe $200,000 more and get significantly more square footage, plus a double garage,' said agent Kamil Lalji.
'Prices are trending downwards at the moment, so we had to price it ahead of the market, not what things had previously sold for.'
Potential buyers of this three-storey unit also had the option of a two-storey model in the row behind it.
'Those are unique because they have walkout basements, but they're not three storeys,' Mr. Lalji said.
'Unit No. 3 was at the front, so it has two bedrooms up with two ensuites. Above that was a loft space with a half-bath and a rooftop deck, which was south facing.'
This townhouse has a street-level entrance and 1,580 square feet of living space and an unfinished basement.
The main floor has a powder room, open principal rooms, a kitchen with an island and an exit to a private yard and walkway to the garage.
Monthly condominium fees are $367, which covers snow removal and lawn care.
'Richmond is super close to downtown, 17th Avenue, and the high streets people tend to love,' Mr. Lalji said.
'It's also adjacent to the Currie Barracks development, which is a big, master plan with eventually 10,000 units … and that'll have a lot of interesting retail.'
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