Latest news with #KamilLalji
Globe and Mail
10-07-2025
- Business
- Globe and Mail
New Calgary townhouse cuts price to compete against area's detached homes
2220 26 Ave., S.W., No. 3, Calgary Asking price: $699,800 (May, 2025) Previous asking price: $724,900 (April, 2025) Selling price: $683,000 (May, 2025) Taxes: N/A Property days on market: 38 Listing agent: Kamil Lalji, CIR Realty This luxury townhouse on an infill site six kilometres from Calgary's downtown core is one of eight units newly constructed by Crystal Creek Homes, a developer that more typically builds in the suburbs. This centre unit was advertised for $724,900, but the asking price was quickly trimmed to $699,800 to entice local buyers more used to detached housing. 'From a buyer's perspective, for that number, you can live in a detached home in suburbia or buy an older infill for maybe $200,000 more and get significantly more square footage, plus a double garage,' said agent Kamil Lalji. 'Prices are trending downwards at the moment, so we had to price it ahead of the market, not what things had previously sold for.' Potential buyers of this three-storey unit also had the option of a two-storey model in the row behind it. 'Those are unique because they have walkout basements, but they're not three storeys,' Mr. Lalji said. 'Unit No. 3 was at the front, so it has two bedrooms up with two ensuites. Above that was a loft space with a half-bath and a rooftop deck, which was south facing.' This townhouse has a street-level entrance and 1,580 square feet of living space and an unfinished basement. The main floor has a powder room, open principal rooms, a kitchen with an island and an exit to a private yard and walkway to the garage. Monthly condominium fees are $367, which covers snow removal and lawn care. 'Richmond is super close to downtown, 17th Avenue, and the high streets people tend to love,' Mr. Lalji said. 'It's also adjacent to the Currie Barracks development, which is a big, master plan with eventually 10,000 units … and that'll have a lot of interesting retail.'
Globe and Mail
18-06-2025
- Business
- Globe and Mail
Calgary Beltline condo's price sinks in a ‘downward-moving market'
836 15 Ave., S.W. No. 2002, Calgary Asking price: $424,900 (Mid-March, 2025) Previous asking price: $449,900 (Early March, 2025) Selling price: $414,000 (May, 2025) Taxes: $2,244 (2024) Property days on market: 67 Listing agent: Kamil Lalji, CIR Realty; Buyer's agent: Joel Gwillim, CIR Realty The owners of this two-bedroom condo a few blocks north of 17th Avenue hoped to sell it in the mid $400,000s, aware buyers would likely counter with a lower amount. Its appearance on the market in March seemed perfectly timed – it was the only unit available in the 21-year-old high-rise – until another property was put up for sale at an asking price $25,000 less than theirs. 'We were the only listing in that building, then the day after, someone else listed a similar size unit for $424,900,' said agent Kamil Lalji. 'We dropped to $424,900 within a couple of days.' Around the time this unit had its 10th visitor, a buyer came forward with an offer $10,900 lower than the revised asking price, and a deal was done. 'At this point, we're in a downward-moving market,' the agent said. 'Prices are dropping, and inventory is increasing. 'You don't know how far down things will drop, so sometimes, it's a race to the bottom.' This 875-square-foot unit has a wide and shallow layout with bedrooms on opposite sides of a living room with an electric fireplace and sliding doors to a balcony with a gas hookup. Set back from the floor-to-ceiling windows is a kitchen and two four-piece bathrooms, all with updated quartz countertops and mosaic tile backsplashes. The unit comes with a storage locker and parking spot. Monthly fees are $740 and cover heating and water in addition to concierge and use of recreational amenities. 'It's a nice, bright, airy unit with really good views of the mountains, and it's south-facing as well,' said Mr. Lalji. 'It's close enough to the core, but far enough that you're not right in it. There are good restaurants, bars and grocery stores all within a five-minute walk, so it's definitely a nice spot.'
