Pandemic condo purchase in Calgary jumps in value by $73,000 in 18 months

Pandemic condo purchase in Calgary jumps in value by $73,000 in 18 months
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211 13 Ave. S.E., No. 1706, Calgary

Asking price: $425,000 (April, 2023)

Selling price: $416,000 (April, 2023)

Previous selling price: $343,000 (November, 2021)

Taxes: $2,448 (2022)

Days on the market: 17

Listing agent: Kamil Lalji, CIR Realty

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The 914-square-foot unit has six appliances, plenty of counter space and a wide balcony off the kitchen.Rimy Reehal/Handout

The action

In a 13-year-old high-rise in Calgary’s downtown core, units sold in an average of 30 days this spring, yet this two-bedroom corner suite received an offer of $416,000 in about half that time.

“There were about three of them [listed] at the time: two were around $475,000 and one was $450,000,” said agent Kamil Lalji.

“This sold in about two weeks, but there are a lot of units in that building that never end up selling because they are overpriced, since sellers

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