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Re/Max House of Real Estate

5840 66 Ave. NW, Calgary

Asking price: $519,900

Selling price: $500,000

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Taxes: $3,464 (2018)

Days on the market: 46

Listing agents: Bryon Howard and Shirley Wright, Re/Max House of Real Estate

The action

Save for new furnaces, triple-pane windows and appliances, the home is in more or less the same shape as it was in 1974.

Re/Max House of Real Estate

The owners of this side-split residence tried to sell it on their own for $589,000, but, after three months, not a single potential buyer had requested a private tour. The sellers decided to enlist the help of agents Bryon Howard and Shirley Wright, who immediately reduced the asking price to $539,900. One offer was submitted, but was later withdrawn by buyers deterred by the number of updates they decided the home needed. With the asking price further reduced to $519,900, another interested party came to the table and a negotiated deal for $500,000 was signed in early March.

“That’s the reality of Calgary’s market,” Mr. Howard said of the lengthy sales process.

“The sellers have been through a few of these ups and downs in the Calgary market, so they are actually thrilled to have sold it.”

What they got

The kitchen over looks a lower-level family room.

Re/Max House of Real Estate

Save for new furnaces, triple-pane windows and appliances, this 1,835-square-foot structure with an attached double garage is in fairly original shape to the day it was built in 1974.

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Living quarters are spread across three levels, from three bedrooms upstairs to entertaining and dining areas on the main floor. The eat-in kitchen overlooks a lower-level family room with sliding patio doors and easy access to a fourth bedroom.

Further down to the 1,080-square-foot basement are media and hobby rooms.

The agent’s take

“New families are coming in, choosing to live in a more inner-city location in smaller and older homes [like this one] rather than being farther out, so it’s a community in transition,” Mr. Howard said.

“[Furthermore] there is a school right there and strong community associations, so it feels like a nice, safe neighbourhood,” co-listing agent, Shirley Wright said.

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