View all of the Apartment Style Condos for Sale in Calgary SW. Let our team Help you find a great home to Live in or for investment. We will teach you about reviewing all of the important Documentation (Condo Documents) necessary when you purchase a condo. Please drop us a line and tell us what you are looking for, or which home you would like to view. Click to link down to – Buying a Condominium – General Consideration
First Time Home Buyer "Apartment Condos" SW Calgary
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306B 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090366
306B 108 3 Avenue SW Calgary T3A 5S6 
$138,800Residential- Status:
- Active
- MLS® Num:
- A2090366
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 343 sq. ft.
Perfect for first time buyers and investors. Welcome to unit #306B, 108 3 Ave SW! Located in 5 Harvest Plaza, in the heart of Chinatown. Cozy and affordable studio condo offers views from its north balcony. The living area has tall windows that allow plenty of natural light to flood the space. Bright kitchen with plenty of cabinet space and tile flooring. In addition a 3 piece bathroom with stand up shower. Unbeatable location. No more long commutes, walk to work. You're steps away from some of Calgary's best restaurants, shops and is conveniently located near public transit, making it easy to get around the city! Low condo fees covers all your utilities including electricity!!! If you're looking for an affordable urban living experience, then this unit is the perfect place for you. Don't miss this opportunity to make this cozy and affordable apartment your new home! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060763
303 1820 9 Street SW Calgary T2T 3C3
$149,000Residential- Status:
- Active
- MLS® Num:
- A2060763
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 475 sq. ft.
This apartment is on the top floor. Fantastic location, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Stainless steel appliance, Small size dishwasher. One assigned parking stall. Great layout fits a single or couple, or rented out with great rent. More detailsListed by FIRST PLACE REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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304 1820 9 Street in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060820
304 1820 9 Street Calgary T2T 3C3
$149,000Residential- Status:
- Active
- MLS® Num:
- A2060820
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 475 sq. ft.
Fantastic location, top floor, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Small size dishwasher. One assigned parking stall. Great layout fits a single or couple. More detailsListed by FIRST PLACE REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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306 1820 9 in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060867
306 1820 9 Calgary T2T 3C3
$149,000Residential- Status:
- Active
- MLS® Num:
- A2060867
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 471 sq. ft.
Fantastic location, top floor, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Even plumbing pipes and electrical wires has been replaced, newer interior walls. Stainless steel appliances with Small size dishwasher. One assigned parking stall. Great layout fits a single or couple. More detailsListed by FIRST PLACE REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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103 2734 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2095033
103 2734 17 Avenue SW Calgary T3E 0A7
$149,900Residential- Status:
- Active
- MLS® Num:
- A2095033
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 491 sq. ft.
Attention first time home buyers! Here is your chance to get a great property, in a great location for under $150,000!!! Secure 1 bedroom unit featuring updates over the years such as laminate flooring, backsplash, counters etc. Well laid out unit offers large living room, functional kitchen with lots of counter space, huge storage closet and extra storage in bathroom and linen closet. Enjoy the convenience of 17th Ave SW with all the amenities, public transportation and close to downtown making it easy to rent if you're looking for an investment opportunity. Convenient laundry room in the building with a re-loadable laundry card. Don't worry about parking, this unit comes with an assigned parking stall (E). This unit is below grade! More detailsListed by VIP REALTY & MANAGEMENT- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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1 11415 8 Street SW in Calgary: Southwood Apartment for sale : MLS®# A2095071
1 11415 8 Street SW Calgary T2W 2N4
$164,900Residential- Status:
- Active
- MLS® Num:
- A2095071
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 521 sq. ft.
TURN KEY and UNBEATABLE VALUE! Lovely one bedroom CLEAN unit MOVE IN READY. Why rent when you can own?! Good sized unit (below grade), large bedroom, large windows, open dining/living area. New appliances, newly painted, PORCELAIN TILE (extra durable). Laminate throughout rest of the unit. OVERSIZED 4 pc bath. 1 outdoor rear parking spot. AMAZING LOCATION close to schools, Anderson LRT and Southcentre. Condo fees include heat and water. Ready to go with LOW CONDO FEES. More detailsListed by EXCLUSIVE HOME SALES (1973)LTD- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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22 1703 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2094049
22 1703 11 Avenue SW Calgary T3C 0N5
$174,900Residential- Status:
- Active
- MLS® Num:
- A2094049
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 515 sq. ft.
EXCELLENT INVESTMENT OPPORTUNITY! This updated 1 bed and 1 bathroom condo is ideally located in Sunalta. The gallery kitchen has updated kitchen cabinets and fitted with stainless steel appliances leading to a dedicated dinning room area, and an open concept living area with direct access through the newer patio doors that lead to your own private balcony. There is a good sized primary bedroom with plenty of closet space, and a 4 piece bathroom just down the hall. The location is perfect…1 block to the C-train station, the building backs onto a park and is across the street from another, walk or bike into downtown or a few blocks to trendy 17 Ave SW. Assigned parking stall, communal laundry, and security cameras. CURRENTLY THERE IS A GREAT TENANT IN PLACE SO CAN EASILY BE A TURN KEY INVESTMENT. THE BUILDING IS ALSO AIRBNB FRIENDLY, AND PET FRIENDLY! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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2F 515 17 Avenue SW in Calgary: Cliff Bungalow Apartment for sale : MLS®# A2092056
2F 515 17 Avenue SW Calgary T2S 0A9
$175,900Residential- Status:
- Active
- MLS® Num:
- A2092056
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 612 sq. ft.
Wonderful opportunity to become a landlord. Welcome to Cliff Bungalow, an established sought-after community in Calgary. Wonderfully priced investment condo in a great location. Located right in the center of all the actions on trendy 17 Ave. This one bedroom condo features an open floor plan and spacious north facing balcony on which you can view all the action and landmarks such as the Calgary Tower, Bankers Hall and the city lights. Incredible location for those who live and work in Downtown. The bright and spacious master bedroom features parquet floor and is conveniently located next to the renovated full bath including quartz counters. This unit features the convenience of a large in suite storage room and a laundry room across the hall. This lovely condo is in an incredible, conveniently located location which offers an abundance of trendy shops, restaurants, and the vibrant action of 17th ave. Call your favorite agent right away and book your showing as this home is truly one to be desired. More detailsListed by POWER PROPERTIES- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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306A 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090570
306A 108 3 Avenue SW Calgary T3A 5S6
$178,800Residential- Status:
- Active
- MLS® Num:
- A2090570
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 374 sq. ft.
Perfect for first time buyers and investors. Welcome to unit #306A, 108 3 Ave SW! Located in 5 Harvest Plaza, in the heart of Chinatown. Cozy and affordable 2 bedroom condo offers views from its north balcony. The living area has tall windows that allow plenty of natural light to flood the space. Bright kitchen with new appliances and plenty of cabinet space and tile flooring. In addition a 4 piece bathroom. Unbeatable location. No more long commutes, walk to work. You're steps away from some of Calgary's best restaurants, shops and is conveniently located near public transit, making it easy to get around the city! Low condo fees covers all your utilities including electricity!!! If you're looking for an affordable urban living experience, then this unit is the perfect place for you. Don't miss this opportunity to make this cozy and affordable apartment your new home! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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107 510 58 Avenue SW in Calgary: Windsor Park Apartment for sale : MLS®# A2076989
107 510 58 Avenue SW Calgary T2V 0H6
$178,800Residential- Status:
- Active
- MLS® Num:
- A2076989
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 600 sq. ft.
Location! Location! Location! Welcome to this well-kept Apartment w/ 1 Bed 1 Bath and 600 sq. ft. located just across the Chinook Shopping Center! This unit has a semi-open concept throughout. The South-facing Living Room is spacious, and it is adjacent to the Kitchen w/ an eating area. Large Master Bedroom w/ a good-sized closet. A 4 pc Bath and a Storage Room in this unit. It also comes w/ 1 Assigned Parking Stall. Well maintained Complex w/ coin-operated Laundry Room. Great Location that walks to everything you need! Only 1 Block from Chinook Shopping Center and Restaurants. Close to C-Train Station, Schools, and Playgrounds. Perfect Opportunity to own this Condo for First Time Buyer or Investment Rental. More detailsListed by Jessica Chan Real Estate & Management Inc.- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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205 340 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2093451
205 340 14 Avenue SW Calgary T2R 0M4
$179,900Residential- Status:
- Active
- MLS® Num:
- A2093451
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 504 sq. ft.
LOCATION, LOCATION, LOCATION!! This bright 1-bedroom unit has a large living room with access to the sunny filled south facing patio complete with some renovations over the past years including the fridge and the 4 piece bathroom has a newer tub, tub surround, toilet and sink. There is a spacious storage room which can be easily convert to a in-unit laundry room. The unit features plenty of in-suite storage, HEAT, WATER AND ELECTRICITY is included in the condo fees! The Palisades is located in a concrete building which boasts a newly renovated indoor saltwater pool, full workout room and sauna. Separate storage units are available on first come basis. The complex also has a full time building operator, a full time cleaner, a great sense of community and close to 2 million in the reserve fund! Located walking distance to McLeod Trail, Sunterra Market, 2 LRT train stations, walking pathways, bike trails, coffee shops, restaurants & minutes to Downtown core. Just 3 Blocks to the trendy 17th Ave/Red Mile. More detailsListed by ROYAL LEPAGE BENCHMARK- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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104 525 22 Avenue SW in Calgary: Cliff Bungalow Apartment for sale : MLS®# A2095200
104 525 22 Avenue SW Calgary T2S 0H5
$184,900Residential- Status:
- Active
- MLS® Num:
- A2095200
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 528 sq. ft.
The best of inner city living or an INVESTOR'S DREAM WITH POSITIVE CASH FLOW! Gorgeous hardwood floors throughout this modern designed condo compliment other high-end finishes like granite counter tops, stainless steel appliances, in-suite washer/dryer, and all vinyl windows with new blinds making this a must have property. In downtown Mission area close to 4th St. and 17th Ave. trendy shops and restaurants and Lindsay Park recreational center and other amenities. More detailsListed by Royal LePage METRO- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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103 1530 15 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2059746
103 1530 15 Avenue SW Calgary T3C 0X9
$185,000Residential- Status:
- Active
- MLS® Num:
- A2059746
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 494 sq. ft.
Why rent when you can own? This unit is tucked away down a quiet tree lined street, yet close to everything you crave of the inner city. Transit, tennis courts, shopping, restaurants, parks and trendy 17th Ave right around the corner! Sunalta is the perfect mix of inner city vibes and mature quiet neighbourhood. This 1 bedroom 1 bathroom lower level unit is exactly what you've been looking for. Book your showing today! More detailsListed by CENTURY 21 BRAVO REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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203 1202 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2095854
203 1202 13 Avenue SW Calgary T3C 0T1
$188,000Residential- Status:
- Active
- MLS® Num:
- A2095854
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 612 sq. ft.
Welcome to the Grapevine! A great opportunity for investors with an excellent tenant currently renting for $1,400 + electricity with a long term lease. Your spacious condo is primely located in the sought after Beltline neighbourhood. Strategically located with amazing walkability to dining and restaurants on lively 17th Avenue, nearby shopping, coffee shops, parks, playgrounds and very close proximity to downtown Calgary. This trendy area is one of the most liveable neighbourhoods in our amazing city with live music, urban culture, nightlife, fitness and yoga studios. Close proximity to transit and scooters further enhances the accessibility around the area. Your condo has been elegantly and recently upgraded with luxury vinyl plank flooring, paint and new baseboards. Unwind in your spacious primary bedroom with double closets. Laundry is conveniently located ensuite with your own washer/dryer combo. The primary bathroom has new tile on the floor and in the shower area. The open concept layout is great for relaxing and entertaining. Only four condos per floor in this concrete building. Additionally, you will receive one assigned parking stall. An amazing addition for your investment portfolio with an immediate renter and steady income. This condo has been very well maintained and is low maintenance. Call today for your next investment property! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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302 1113 37 Street SW in Calgary: Rosscarrock Apartment for sale : MLS®# A2093579
302 1113 37 Street SW Calgary T3C 1S5
$188,000Residential- Status:
- Active
- MLS® Num:
- A2093579
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 780 sq. ft.
Are you an investor or first time homebuyer? This exceptional investment opportunity awaits! Look no further than this 2-bedroom, 1-bathroom condo nestled in a highly sought-after neighborhood, this condo enjoys proximity to major business hubs, entertainment districts, and public transportation. It's a prime location that's always in demand. Large windows flood the space with natural light, enhancing the overall ambiance of the condo. This unit comes equipped with a balcony as well as 1 assigned UNDERGORUND parking stall. There are very budget-friendly condo fees ensuring that your living costs remain manageable. Don’t miss out on this opportunity and book your showing today! More detailsListed by eXp Realty- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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117 816 89 Avenue SW in Calgary: Haysboro Apartment for sale : MLS®# A2094779
117 816 89 Avenue SW Calgary T2V 4N8
$189,000Residential- Status:
- Active
- MLS® Num:
- A2094779
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 707 sq. ft.
This is a beautiful and move-in ready Main Level Unit with 1 bedroom, 1 bathroom in Headley Court in Haysboro. It is a very well-maintained home with lots of natural light. The large patio door and large windows in the bedroom fills the place with brightness. The unit has a nice well-equipped kitchen making it enjoyable to cook your meals and enjoy them in the adjacent dining area which is open to the living room. The bedroom is spacious with a large closet and can accommodate a king size bed. In the unit, you will also find a storage room which will help keep the area clutter-free. The large east facing patio is a great outdoor feature, offering a place to relax and enjoy your surroundings. The unit comes with an assigned covered parking in the lower level which adds to the convenience. Together with a wonderful unit, you will also enjoy all the amenities the building has to offer, including an elevator, seasonal outdoor pool, tennis court, clubhouse / party room, large lobby, indoor sauna, and common laundry. Do not miss out on this great location where you will be close to downtown, public transit, hospitals, schools, playgrounds, heritage park, biking paths, chinook mall, restaurants, and coffee shops. Get ready to enjoy Christmas in this new home! More details- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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105 1613 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2094913
105 1613 11 Avenue SW Calgary T3C 0N3
$189,900Residential- Status:
- Active
- MLS® Num:
- A2094913
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 544 sq. ft.
Introducing a charming property located in the vibrant neighborhood of Sunalta. This recently updated 1-bedroom and den unit offers a modern and inviting living space, perfect for those seeking contemporary comfort. With a range of brand-new features including flooring, kitchen upgrades, plumbing, and fresh paint, this unit exudes a stylish and refreshed ambiance. As you step into this unit, you'll immediately notice the open-concept living area, creating a seamless flow throughout the space. The natural light cascades in, enhancing the warm and welcoming atmosphere. The den area provides flexibility and can be utilized as a home office, guest room, or additional living space according to your needs. Convenience is a key highlight of this property, as it includes an under-building covered parking spot, ensuring your vehicle remains protected from the elements. Being situated one floor above the main level, you'll enjoy privacy and tranquility while still being able to easily access the amenities of the building. While the unit is still being finished, rest assured that it will be ready for mid-December possession, allowing you to settle into your new home just in time for the holiday season. Sunalta, known for its lively atmosphere and proximity to various amenities, offers a fantastic location for both work and play. Don't miss the opportunity to make this beautifully updated 1-bedroom and den unit in Sunalta your new home. Contact us today to arrange a viewing and secure this wonderful property for yourself. More detailsListed by REAL BROKER- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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108 8403 Fairmount Drive SE in Calgary: Acadia Apartment for sale : MLS®# A2096053
108 8403 Fairmount Drive SE Calgary T2H 0Y9
$195,000Residential- Status:
- Active
- MLS® Num:
- A2096053
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 767 sq. ft.
Welcome to your dream home at 8403 Fairmount Drive SE, Calgary! This charming unit is located in a prime location, surrounded by all the conveniences you could ever want. Unit number 108 offers a perfect blend of comfort and style, making it the ideal place to call home. As you step inside, you'll be greeted by a spacious floor plan that maximizes every inch of the 767 sqft of floorspace. The living area is bright and inviting, perfect for entertaining friends or simply enjoying a cozy night in. With two bedrooms, there's plenty of space for your growing family or overnight guests. The bathroom boasts modern fixtures and a relaxing atmosphere, ensuring your daily routines are always a pleasure. Plus, with one underground parking stall included, you'll never have to worry about finding a spot after a long day. But that's not all! And did we mention it's an adult-only building? Oh, and let's not forget about our furry friends! This cat-friendly building welcomes your beloved pets with open paws. So why wait? Don't miss out on this incredible opportunity to own this fantastic unit at 8403 Fairmount Drive SE. It's time to make your dreams come true and start creating memories that will last a lifetime. Call now to schedule your private showing before someone else snatches up this gem! More detailsListed by DRUMMER REALTY & PROPERTY MANAGEMENT- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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504 1320 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2092811
504 1320 12 Avenue SW Calgary T3C 3R6
$197,000Residential- Status:
- Active
- MLS® Num:
- A2092811
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 568 sq. ft.
Very Bright, Open, 5th Floor unit in a good, well-maintained, quiet concrete building located in the Beltline Connaught Area. This 567 sqft unit is very spacious, and features 1 good-sized Bedroom, an updated Kitchen with black Appliances, with updated bathroom, light fixtures, laminate & ceramic tile flooring, glass sliders to an oversized balcony, In-Suite storage/laundry and an assigned Outdoor parking stall. Condo fees include all Heat, Sewer & Water and maintenance, just pay your own cable and internet, pets allowed with board approval. Sunalta Manor is a Good, well managed complex, with an elevator and gives quick access to Downtown, Shopping & Transportation. More detailsListed by URBAN-REALTY.ca- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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302 1736 13 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2094438
302 1736 13 Avenue SW Calgary T3C 0T9
$199,000Residential- Status:
- Active
- MLS® Num:
- A2094438
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 485 sq. ft.
Welcome to this beautiful 1 bedroom condo in the heart of Sunalta. Located on a quiet tree-lined street on the west side of downtown, this gorgeous one-bedroom has all the perks of downtown living without all the noise. Access to the unit is fast and easy, although there is no elevator the climb up to the top floor is effortless. As you enter the suite you are greeted with an abundance of natural light and a great-sized balcony with beautiful south-facing views for your summer enjoyment. At first glance, you will notice the espresso laminate cabinets that pair perfectly with the stainless steel appliances. Laminate countertops with subway tile backsplash and gorgeous hardwood floors really bring together the elegance of the unit. The French doors create a seamless transition to the primary bedroom, perfect for those entertaining nights where privacy is needed. Ample storage space in the closets, in-suite laundry, and an en-suite bathroom complete this unit, as well as 1 titled parking spot and loads of on-street parking for guests. The building is within walking distance to beautiful parks, pathways, and the train station for your daily commute. The community is filled with great events that happen throughout the year, from pumpkin carving to Stampede breakfast. Enjoy the abundance of great local shops, schools, restaurants, and nightlife around you. View this gorgeous home today and experience Calgary’s finest inner-city living! More detailsListed by 2% REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
Data was last updated December 5, 2023 at 02:05 PM (UTC)
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Real Estate Tips
Buying a Condominium – General Consideration
When considering the purchase of a condominium you need to know how the complex is run and financed in order to make an informed decision. Understand what you will own before you make an offer to purchase a specific unit and what is considered to be common property that you will own jointly with other unit owners.
A condominium unit is financed the same way you would finance any other property purchase. You will probably get a mortgage through a financial institution and make a monthly payment of principal and interest.
BUYING A CONDOMINIUM
When considering the purchase of a condominium you need to know how the complex is run and financed in order to make an informed decision. Understand what you will own before you make an offer to purchase a specific unit and what is considered to be common property that you will own jointly with other unit owners.
A condominium unit is financed the same way you would finance any other property purchase. You will probably get a mortgage through a financial institution and make a monthly payment of principal and interest.
• Are there extra parking stalls for owners? Is there enough visitor parking? Are there restrictions on visitor or owner parking?
• Is there a place to park a recreational vehicle?
• Are there any bylaw restrictions governing your use of your unit? (e.g. Can you have pets? Is there an age restriction on occupants in the complex? Can you operate your home-based business from your unit? Can you put up your satellite dish? Can you put in a hot tub?)
• How much money is in the reserve fund?
• How do the owners and board get along? Is this the kind of community you want to live in?
In addition to asking how much money is in the reserve fund you should know:
• How much of your condominium contribution (fees) goes to the reserve fund?
• When the last reserve fund study, report, and plan was completed?
• What major expenses, if any, are being considered in the reserve fund plan?
• How much money will be needed to establish and or maintain the fund to offset future replacement costs?
• How does the board plan to raise those funds (increased condominium contributions, special assessments)?
Ask for a copy of the reserve fund plan and the annual report. If you wish, you can also ask for a copy of the reserve fund study report (you may have to pay a fee to obtain these documents).
Review the year-end financial statement, the current financial statement, the current budget, the previous year’s board and general meeting minutes and check for evidence of adequate insurance coverage.
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