Searching for Calgary Townhouses for Sale? Here is a list of all current listings in NE Calgary <$500,000. Browse at your Leisure. If we can help by explaining the Purchase Process Please Drop us a note, also if you do not find your dream home here, please let our team know we may be listing it soon. Click to link down to – Condominium Fees and Reserve Fund Explained
First Time Home Buyer "Townhouse" Listings NE Calgary
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506 10060 46 Street NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2090583
506 10060 46 Street NE Calgary T3J 2H8 
$219,900Residential- Status:
- Active
- MLS® Num:
- A2090583
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 467 sq. ft.
Quick Possession! Are you looking to add to your Investment Portfolio or making the move for your very First Home? A brand new Cedar plan designed and crafted by Rohit Homes is the one for you if you prefer to have the whole living space on one level. The design is a perfect combination of modern and minimalist living; featuring a living room, a stylish and functional kitchen, a full bathroom and a bedroom. The kitchen makes ideal use of the available space and provides lots of storage while being reasonably practical. Moving forward there is a 4pc bathroom, a living room and a good-sized bedroom. This single-level unit feels bright and open due to the highly functional floor plan in combination with well-sized and well-placed windows. A home with great value and LOW condo fees to ensure you receive exemplary services at reasonable prices. The location places you close to lots of shopping options, schools, restaurants and the LRT station. The 3D tour and photos are of similar floor plan. Design, selections and finishings may not be exactly as shown. More detailsListed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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120 5404 10 Avenue SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2090093
120 5404 10 Avenue SE Calgary T2A 5G4
$222,000Residential- Status:
- Active
- MLS® Num:
- A2090093
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 876 sq. ft.
Back on market due to financing! Please note possession date no earlier than Jan 2, 2024 unless investor. This 2 bedroom end unit is spacious with large open updated kitchen cabinets and granite counter tops with a good sized dining area in Penbrooke Meadows. Living room includes a cozy, corner, wood-burning FIREPLACE. 2 good sized bedrooms and a spacious updated 4-piece bathroom with upgraded ceramic tile countertop finish off this bungalow townhouse. Don't forget the IN-SUITE LAUNDRY and storage area. Parking stall is just outside the door, very convenient, as this is the END UNIT. Lots of VISITOR PARKING RIGHT IN FRONT OF UNIT!There is a large fenced patio perfect for playing or entertaining. This is a great opportunity to own or invest in for revenue. Close to schools, library, transportation, shopping and Stoney Trail. More detailsListed by COLDWELL BANKER MOUNTAIN CENTRAL- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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6 3705 Fonda Way SE in Calgary: Forest Heights Row/Townhouse for sale : MLS®# A2095768
6 3705 Fonda Way SE Calgary T2A 6G9
$228,000Residential- Status:
- Active
- MLS® Num:
- A2095768
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 905 sq. ft.
AMAZING starter home or investment property. Very-well managed Complex with LOW CONDO FEE, CORNER UNIT, Rare BUNGALOW features 2 Beds, 1 Bath. Very WELL-MAINTAINED. Many UPDATE in the Unit: Range Hood, Electric Stove, Washer, Dryer, Hot Water Tank. Lot of LIGHTS from Windows, Patio Door thanks to End Unit, Private FRONT YARD with Fenced. Plenty of PARKING on street right in front of unit. Great LOCATION in the complex ! This is INCREDIBLE CHANCE to OWN A REAL ESTATE IN CALGARY ! Act quick, this won't last ! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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606 10060 46 Street NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2094622
606 10060 46 Street NE Calgary T3J 2H8
$229,900Residential- Status:
- Active
- MLS® Num:
- A2094622
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 467 sq. ft.
Quick Possession! Are you looking to add to your Investment Portfolio or making the move for your very First Home? A brand new 1 Bedroom/1 Bathroom 'Cedar Design Plan' crafted by Rohit Homes is for you if you prefer to have the whole living space on one level. The design perfectly combines modern and minimalist living, featuring a living room, a stylish and functional kitchen, a full bathroom and a bedroom. The kitchen makes ideal use of the available space and provides lots of storage while being reasonably practical. The location is central to lots of shopping options, schools, restaurants and the LRT station. The 3D tour and photos are of similar floor plan. Design, selections and finishings may not be exactly as shown. More detailsListed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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901 380 Falconridge Crescent NE in Calgary: Falconridge Row/Townhouse for sale : MLS®# A2094454
901 380 Falconridge Crescent NE Calgary T3J 1H4
$230,000Residential- Status:
- Active
- MLS® Num:
- A2094454
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 876 sq. ft.
Welcome to Falconridge Manor! 2 bedroom, end unit with partialy developed basement. The main floor offers a large living room with patio doors leading to west facing fenced yard, kitchen with plenty of cabinets and a good sized dining room. Upstairs are 2 bedrooms and a full bath. The basement development includes laundry area and storage. Home will require a little clean with paint but has been taken care of and bones are great with upgraded bathroom and kitchen. Comes with 1 assigned parking stall. Complex is pet friendly with board approval and is close to playgrounds, schools, shopping and transit. Enjoy relaxing in this beautifully landscaped backyard, oversized lot with private patio and offers one of the largest backyard spaces in the complex. Great potential for first time home owners or investors looking to create some cash flow. Tenant rights 24 hours notice minimum for showings More detailsListed by MAXWELL CAPITAL REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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612 10060 46 Street NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2094658
612 10060 46 Street NE Calgary T3J 2H8
$234,900Residential- Status:
- Active
- MLS® Num:
- A2094658
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 467 sq. ft.
QUICK POSSESSION | END UNIT | Are you looking to add to your Investment Portfolio or make a move for your very First Home? A brand new 1 Bedroom/1 Bathroom END UNIT 'Cedar Design Plan' crafted by Rohit Homes is for you if you prefer to have the whole living space on one level. The design perfectly combines modern and minimalist living, featuring a living room, a stylish and functional kitchen, a full bathroom and a bedroom. The kitchen makes ideal use of the available space and provides lots of storage while being reasonably practical. The location is central to lots of shopping options, schools, restaurants and the LRT station. The 3D tour and photos are of similar floor plan. Design, selections and finishings may not be exactly as shown. More detailsListed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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118 5404 10 Avenue SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2093697
118 5404 10 Avenue SE Calgary T2A 5G4
$240,000Residential- Status:
- Active
- MLS® Num:
- A2093697
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 926 sq. ft.
Townhouse 3 bedroom, 1 full bath, kitchen, living room, dinning room, laundry room, centrally located , walk to schools, bus, groceries, library, parks. Private front cement patio fully fenced, storage shed , parking stall #26, plus many visitor parking. Do not miss this one. More detailsListed by URBAN-REALTY.ca- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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1504 919 38 Street NE in Calgary: Marlborough Row/Townhouse for sale : MLS®# A2094260
1504 919 38 Street NE Calgary T2A 6E1
$245,000Residential- Status:
- Active
- MLS® Num:
- A2094260
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 1,087 sq. ft.
In mint condition finished in designer neutrals... lovely and fresh 2 bedroom townhouse in smaller well-maintained complex! Neutral carpeting, laminate flooring and lino throughout. Soaring loft-style ceiling in living room with corner wood-burning fireplace to take the chill out of the evening! Sliding patio doors to back yard. Iron railings takes you up to kitchen with Black appliances including brand new stove and Refrigerator! Uber cool lighting and window coverings throughout! Excellent sized bedrooms up with new blinds etc. and a spacious walk-in closet for the master bedroom! Tastefully updated bath up with extra wall-vanity! Basement developed - ideal for media room! Separate laundry comes with Brand new washer and dryer! In mint shape and ready to move in today! In above-average condition!Check it out at #1504, 919 - 38 Street NE. More detailsListed by THE REAL ESTATE COMPANY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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A 1207 44 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A2095435
A 1207 44 Street SE Calgary T2A 5E6
$249,900Residential- Status:
- Active
- MLS® Num:
- A2095435
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 475 sq. ft.
Why rent while you can afford a townhome without the condo fee? 2 bedrooms & 1& ½ bath townhome is boosted with laminated flooring & vaulted ceiling throughout the main level, the spacious living room with the stone detail over the wood burning fireplace and easy access through the patio door toward the deck, bright/ open good size kitchen with the large window over the dining room. Well maintained and convenient located with walking distance to school, shopping, transit, all levels of amenities and quick access to Deerfoot Trail (Highway#2) and Stoney Trail. Book your appointment for viewing. More detailsListed by RE/MAX REAL ESTATE (CENTRAL)- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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142 2319 56 Street NE in Calgary: Pineridge Row/Townhouse for sale : MLS®# A2093455
142 2319 56 Street NE Calgary T1Y 2M2
$249,900Residential- Status:
- Active
- MLS® Num:
- A2093455
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,009 sq. ft.
Immerse yourself in this FULLY RENOVATED 2-storey, Four-flex townhouse offering over 1,000 sq ft of developed living space with 3 BEDROOMS, 1.5 BATHS, and an over 500 sq ft BASEMENT (unfinished) including a laundry room and the flexibility to exercise your creativity. The home has one PARKING STALL and boasts a fully fenced, WEST FACING BACKYARD. Inside, the main floor has REAL HARDWOOD FLOORS throughout and the kitchen is a chef’s delight featuring GRANITE COUNTERTOPS and STAINLESS STEEL APPLIANCES. It is adjacent to a generous size dining area. A spacious living area is illuminated with natural light through the oversized windows and for your convenience, there is also a half bathroom on the main floor. On the upper level, there are three well-proportioned bedrooms, each with ample closet space to accommodate your storage needs and a full bathroom. This home is walking distance from bus stops, the C-Train Rundle Station and key amenities such as Village Square Leisure Centre, the Public Library, Co-op Supermarket, Peter Lougheed Hospital and Sunridge Mall. Trans Canada (16 Avenue) Highway and Stoney Trail are also just a short drive away. Families will love this desirable community as it offers a range of nearby schools from kindergarten to grade 12. If you're a first-time home buyer, this property presents a great opportunity to enter the real estate market. For investors, it could offer a great profitibility to acquire a rental property in an ideal location! More detailsListed by URBAN-REALTY.ca- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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10 4531 7 Avenue SE in Calgary: Forest Heights Row/Townhouse for sale : MLS®# A2086813
10 4531 7 Avenue SE Calgary T2A 5E4
$249,900Residential- Status:
- Active
- MLS® Num:
- A2086813
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 936 sq. ft.
Meet Dorothy! Yea, that's right- this home has a name! She's a humble, quaint and chic girl. Either a first time home buyer or seasoned Investors dream! Located in a quiet complex of Forest Glen Gardens, renovated with the utmost of care. With new paint, and new flooring (2023) new stove (2023), new furnace + hot water tank (2022), low condo fees ($325/month). She makes for a lovely set of first time buyers- with future investment opportunities (great way to start your Real Estate portfolio). Located centrally, and close to major arteries of Calgary, you’ll be able to live affordably, all the while enjoying the proximity to downtown. Call your favourite Realtor, click your red shoes, three times, repeat after me “There's no place like home, there's no place like home!” Call for a showing today! More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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824 Madeira Drive NE in Calgary: Marlborough Park Row/Townhouse for sale : MLS®# A2096008
824 Madeira Drive NE Calgary T2A 7B7
$250,000Residential- Status:
- Active
- MLS® Num:
- A2096008
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,077 sq. ft.
Spacious 3 bedroom, 2 bath, 1076 sq. ft, 2 storey townhome in Georgian Village. Some upgraded features include vinyl plank flooring, newer stove, upgraded furnace & HWT. Huge potential to complete some upgrades & build sweat equity in this sought after complex. The front door faces a quiet residential street with larger well-kept homes & allows for lots of convenient visitor parking. Sunny east private fenced backyard with 2 assigned side by side parking stalls right outside your back gate. Large open main floor with living room, dining room, a family sized country kitchen with bright white cabinetry & a pantry. A 2pc powder room & a back closet complete this floor. Upstairs features 3 good-sized bedrooms including the master with a walk-in closet. The two additional bedrooms are very spacious each with double closets, while one of the two features a built-in desk setup perfect for a home office. A conveniently located 4 pc bath is located close to all the bedrooms on the top floor. The lower level has a laundry area & a family room & has lots of potential for future development. This beautifully maintained complex is only a few doors down from a huge park area with walking paths & is close to schools & transit. Easy access to downtown, the ring road system & shopping. Vacant for quick possession. More detailsListed by RE/MAX LANDAN REAL ESTATE- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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116 2211 19 Street NE in Calgary: Vista Heights Row/Townhouse for sale : MLS®# A2093597
116 2211 19 Street NE Calgary T2E 4Y5
$259,900Residential- Status:
- Active
- MLS® Num:
- A2093597
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 1,024 sq. ft.
Welcome to this charming 3-bedroom, 1-bathroom townhouse nestled in the heart of Calgary, offering over 1000 sq ft of comfortable living space. Situated in a prime location, this south-facing gem provides breathtaking views of both the majestic mountains and the bustling city skyline. Enjoy the convenience of being mere minutes away from downtown, making commuting a breeze and placing you at the center of Calgary's vibrant urban life. This property is not only a delightful home but also a fantastic investment opportunity. Step inside to discover a well-designed layout, featuring three spacious bedrooms to accommodate your family's needs. The full basement, though currently unfinished, holds tremendous potential and comes equipped with a workshop, providing ample space for customization and future expansion. Equipped with a newer furnace and water heater, this townhouse ensures both comfort and efficiency. Imagine sipping your morning coffee while soaking in the stunning southern views from your own private space. Whether you're a first-time homebuyer or an astute investor, this property promises a harmonious blend of location, views, and potential. Don't miss the chance to make this townhouse your home – a place where the allure of city living meets the tranquility of mountain views. *Please note that photos are from prior to tenant moving into unit and most walls have been painted white since this time. More detailsListed by REAL BROKER- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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61 4769 Hubalta Road SE in Calgary: Dover Row/Townhouse for sale : MLS®# A2088881
61 4769 Hubalta Road SE Calgary T2B 2N9
$259,900Residential- Status:
- Active
- MLS® Num:
- A2088881
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,001 sq. ft.
GREAT INVESTMENT OPPORTUNITY!!! This is a fully finished 3 bedroom and 2.5 bathroom END unit! Convenient location across from a park and close to most amenities! Private fenced front yard. Mechanical upgrades include furnace(2012), A/C(2013), humidifier and water softener(2013) and the hot water tank in 2021. More detailsListed by RE/MAX REAL ESTATE (CENTRAL)- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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51 3800 Fonda Way SE in Calgary: Forest Heights Row/Townhouse for sale : MLS®# A2095227
51 3800 Fonda Way SE Calgary T2A 6G8
$264,900Residential- Status:
- Active
- MLS® Num:
- A2095227
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 1,110 sq. ft.
Beautifully maintained and upgraded two storey in Diamond Estates. Enjoy newer windows, rich hardwood laminate floors, upgraded exterior, large principal rooms, three bedrooms, professionally renovated bath with quartz countertops, tile floors and shower, deep soaker tub, and new plumbing fixtures. Refinished kitchen cabinets, new hot water tank and more! More detailsListed by RE/MAX REALTY PROFESSIONALS- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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15 3745 Fonda Way SE in Calgary: Forest Heights Row/Townhouse for sale : MLS®# A2081211
15 3745 Fonda Way SE Calgary T2A 5W7
$264,900Residential- Status:
- Active
- MLS® Num:
- A2081211
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 904 sq. ft.
Beautiful affordable townhouse with private yard in a very vibrant community "Fonda". New paint, new floor, and so on. Location is superb! Just other of Marlborough mall and wall mart, and many. Walking distance to all amenities including Bus stop, LRT station, grocery, restaurants and many more. Close to schools, parks, major roadways etc. More detailsListed by CIR REALTY- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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2825 Dovely Park SE in Calgary: Dover Row/Townhouse for sale : MLS®# A2090334
2825 Dovely Park SE Calgary T2B 3G9
$269,900Residential- Status:
- Active
- MLS® Num:
- A2090334
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 773 sq. ft.
Corner Lot - Two-bedroom - Bungalow backing South onto Green-space with a private backyard. 55+ Adult living community for those seeking independent living. Turn-key and ready to move in. Boasting a welcoming open floor plan, the residence spans 773 sq ft and features laminate flooring, white kitchen cabinets and loads of counter space. Newer high-efficiency furnace to boot! A convenient laundry area comes equipped with a stacked washer and dryer. Completing the home is a private and fenced back patio, along with an attached carport and driveway. Take advantage of the community's amenities, including a fabulous community facility. Close to beautiful walking paths, parks both loaded with lots of sitting benches. A quick drive to Deerfoot and downtown. Perfect little gem. More detailsListed by FRAME REALTY GROUP INC.- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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45 3745 Fonda Way SE in Calgary: Forest Heights Row/Townhouse for sale : MLS®# A2091262
45 3745 Fonda Way SE Calgary T2A 5W7
$269,900Residential- Status:
- Active
- MLS® Num:
- A2091262
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 1,087 sq. ft.
Ideally located, just steps from Marlborough shopping Centre and plenty of amenities, open bright and spacious, ideal for the first time buyer or investor. Not in busy street right in front of a play area. More detailsListed by MAXWELL CANYON CREEK- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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6 904 43 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A2075390
6 904 43 Street SE Calgary T2A 5L2
$270,000Residential- Status:
- Active
- MLS® Num:
- A2075390
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,010 sq. ft.
Very neat and clean 3 bedroom condo town house with very little condo fee.ONLY $100 A MONTH CONDO FEE..Condo fee covers your insurance and garbage pick up snow removing , grass cutting in common area and outer maintenance.Lots of upgrades like new shingles in 2015,New fence and retaining wall in 2016,new windows and patios in 2017,new soffit,facia,eavestrough and stucco in 2017. new side walks in 2022. It is on bus route,walking distance to all 3 levels of schools,library,marl borough mal,10 minutes drive to downtown, walking distance to forest lawn library and pool. and lrt station.Please do not miss this one. . Vacant for quick.Very easy to show any time.New paint and flooring in the kitchen. More detailsListed by Royal LePage METRO- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
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41 131 Templehill Drive NE in Calgary: Temple Row/Townhouse for sale : MLS®# A2089007
41 131 Templehill Drive NE Calgary T1Y 4T1
$278,000Residential- Status:
- Active
- MLS® Num:
- A2089007
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 1,048 sq. ft.
Beautifully Located Tuscany Park Townhouse is surrounded by Greenery, walking Trails, bike paths, Walk to 3 Schools, Hockey/Skating Rink, Playgrounds and fields, Place to Run & Play, nearby Bus stop, Visitor Parking and Street Parking. Inside the house, a large entryway provides plenty of room and a spacious living area gets tons of light through the sliding glass doors. The open concept space flows into a large dining room, which is connected to the kitchen with a convenient diner window. The kitchen itself offers tons of pantry storage and generous counterspace, perfect for prepping meals for the family. The entire house has upgraded vinyl plank flooring. ****Upstairs, a large primary bedroom includes two closets, and both secondary bedrooms are sizable as well. The bathroom is a four-piece with loads of storage. ***The unfinished basement is huge, perfect for your seasonal items or a home gym as is, or you could finish it into your dream lower level – you could easily add a living room, office, and a bathroom. There is even enough matching Vinyl plank flooring left for the basement! ***Outside, this end unit has a large private yard with a deck and mature trees. In just steps, enjoy area playgrounds and the Community association, which offers year-round sports and recreation options as well as classes and events for all ages. There is just so much room for the family to run and play. Area pathways connect to three schools, making it easy to walk the kids to class. Bus stops are also within a block. Just down the road, Temple Crossing provides a range of shops and services and nearby 32 Ave takes you to a plethora of restaurants and amenities as well as Sunridge Mall. Primary routes include 52 St, McKnight Boulevard, 16th Avenue, and Stoney Trail, making this area one of the best-connected communities in the northeast. This popular neighbourhood really does have it all. (Possession after Jan 4 but immediate FREE Rental Option) More detailsListed by GREATER CALGARY REAL ESTATE- Glen Godlonton
- CIR Realty
- 403-829-9500
- glen@godlonton.com
Looking for a condo a bit more Expensive ? Click here to view our Luxury Condo Website!
Thanks for Viewing NE Calgary Townhouses for Sale
Real Estate Tips
Condominium Fees and Reserve Fund Explained
Condominium Fees
The condominium corporation needs money to meet its financial obligations – paying for insurance premiums, snow removal, grass cutting, repairs to common property, reserve fund, etc. The main source of income for the corporation is the money paid by the owners in their condominium contributions (often referred to as a condominium fee) and Calgary townhouses for sale are no exception.
Contributions are normally set annually and paid monthly, however the board can levy special assessments (one or more lump sums) if the corporation needs to raise extra funds to meet its obligations.
The board sets contributions by taking into consideration the budgeted needs of the corporation and the unit factors (for each unit). Corporations can change the formula for allocating condominium contributions, if the owners pass a special resolution to amend the bylaws.
Make sure you know how your condominium contributions are calculated. Be aware that condominium contributions can and do go up!
A condominium corporation has the right to collect unpaid condominium contributions. The corporation can
• ask the owner’s mortgage company to pay the outstanding amounts and add it to the owner’s mortgage
• require an owner’s tenant to pay the monthly rent to the corporation to cover the unpaid condominium contributions
• file a caveat against the title to the unit at the owner’s expense
• charge interest (up to 18% per year on outstanding amounts)
• sue the owner for all outstanding contributions, interest and its full legal fees; and
• foreclose on the title to the unit.
VOTING RIGHTS
The board of directors, elected by the owners, makes most of the decisions on the running of the corporation. As an owner of a unit you have the right and obligation to vote. Your voting rights are determined by the Condominium Property Act, the bylaws of your condominium corporation and by the unit factor for your condominium unit in Calgary Townhouses .
At most general meetings, votes are conducted by a show of hands. The bylaws clarify who has the right to vote if more than one person owns the unit.
Bylaws permit owners to ask for poll votes at meetings. In a poll vote the person’s share of the unit factor assigned to the unit determines the weight of that owner’s vote.
You may exercise your right to vote personally or by proxy. If you have a mortgage, the first mortgagee may have the right to vote in your place if it gives the Corporation written notice of the mortgage.
If you owe money to the corporation for 30 days or more on the day before a vote, you lose your right to vote.
Owners can vote on matters presented at any general meeting and on bylaw changes, changes to the common property and other matters permitted under the Act, regulation and the bylaws. It is important that owners vote to elect the board of directors and to change the bylaws
RESERVE FUNDS
The Condominium Property Act requires that condominium corporations establish and maintain a capital replacement reserve fund to provide for major repairs and replacement of property and common property owned by the corporation. As buildings age they need to be repaired and maintained e.g. the roof of the complex needs to be replaced. The same is true of other parts of the common property such as the asphalt in the parking lot, underground utilities, or services and landscaping. Condominium owners must pay for the repair or replacement costs of the property owned by the corporation. The reserve fund is not used for repairs or replacements that are done annually.
Condominium corporations registered before September 1, 2000 must have completed a reserve fund study and a reserve fund plan by September 2002. Reserve fund studies must be conducted every five years.
Condominium corporations registered after September 1, 2000, have two years from the registration date to do a reserve fund study and approve a plan.
The Act gives the board the responsibility and power to make decisions around the reserve fund. Although a responsible board will provide information to and obtain input from the owners, it need not consult the owners before making decisions on the reserve fund. As in the case of Calgary townhouses.
The board must
• engage a qualified person to conduct and prepare a reserve fund study
• receive a reserve fund report from the qualified person
• prepare and adopt a reserve fund plan
• provide a copy of the approved reserve fund plan to the owners before implementing the plan
• maintain the reserve fund at an appropriate level so that the corporation can meet the statutory requirements
• maintain the reserve fund in a separate trust bank account and not combine the funds with other corporation funds except when bills are paid under the reserve fund plan, and ensure all managers or other persons handling the corporation money do the same
• prepare and provide to the owners, before or at the time of giving notice of every annual general meeting, an annual report on the reserve fund; including the opening balance, money in and out, where the income came from, what money was spent during the year, and the list of property repaired or replaced and the costs incurred for the repair or replacement; and
• not use the reserve fund for “improvements” unless the owners vote by special resolution to allow it. Improvements are normally changes, enhancements, alterations or additions to the common property or property owned by the Corporation which are not listed in the reserve fund study report.
How much money should be in the reserve fund?
Each condominium corporation will have a different amount in its reserve fund. The corporation determines how much money it should have in its reserve fund by completing a reserve fund study. The reserve fund study is prepared for use by the condominium board, owners and buyers. It is not reviewed by the government.
How is the reserve fund funded?
Corporations may meet their funding requirements by
• increasing condominium contributions (permanently or for a set period)
• levying special assessments (immediately or in the future)
• borrowing money
• using any combination of the above requirements.
This gives the corporation maximum flexibility as to how and when to deal with repair and replacement costs, while at the same time enabling it to deal with any potential surprises and undue hardship for owners.
For example, if the corporation does not have enough money in the reserve fund to cover significant repairs or incurs other large unexpected expenses, the board may require each condominium owner to pay a special assessment to cover the costs.