Luxury Infill Breaks Price Ceiling
6403 31 Ave NW, Calgary
Ask for a price: $1 million (November 2021)
Previously Asked Price: $1.099 million (January 2021) *under previous agent
Sale price: $1.015 million (November 2021)
Taxes: $9,999 (2021)
Days on the market: Seven
Listing agent: Jesse Davies, Century 21 Elevate Real Estate
The builder of this infill home was literally and figuratively innovative, targeting a market segment over $1 million in a neighborhood where the average sale price is under $500,000. An initial dip in the market last year, when the home was nearing completion and priced at $1.099 million, attracted no offers.
Agent Jesse Davies took over the list in November. “In Bowness, the average price is around $450,000, [but] it was a new construction and much bigger.
After the final construction work on the two-story house was completed, Mr. Davies outfitted the house with modern furnishings and reduced the asking price to $1 million. A first financing offer materialized, but another offer remained blocked.
what they have
This home on a 60-by-120-foot corner lot has 3,481 square feet of living space, plus a triple garage with a legal shed above, along with a kitchen, bathroom, and two bedrooms.
The main house has a floating staircase with glass railings, an elongated fireplace in the living room and 17-foot ceilings in the kitchen and dining room.
Two dens and three bedrooms with walk-in closets and en-suite bathrooms are spread over the main and upper levels.
The lower level has nine foot ceilings with a guest bedroom and two recreation areas and a wet bar.
“It’s a unique property because it has a shed above the triple garage,” Mr. Davies said, “and it’s also a premium home for the area.”
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