With price whittled down, house gets two bidders

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702 Rideau Road. SW, Calgary

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Ask Price: $1,875,000 (June, 2021)

Last asking price: $2.5 million (March 2007); $2.7 million (October, 2006); $2.95 million (June, 2006) *Subject to previous agents

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selling price: $1,628,000 (August, 2021)

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do: $10,682 (2020)

Market Days: 82

Listing Agent: Terry Hesp, Royal Lepage Mission Real Estate.; Buyers Agent: Kamil Lalji, CIR Realty

Work

Over the past year, agent Kamil Lalji escorted a couple through 30 family-friendly homes, but initially gave up on this three-bedroom home located on Elbow Island Park and cost $1,875,000 because it didn’t fit their budget. was beyond. When it was last put up for sale 15 years ago, the asking price reached $2.95 million.

A few months later, Mr. Lalji reduced the asking price to $1.875 million. They decided to make an offer, but inadvertently entered into a bidding war.

“[The listing agent] Said someone else has also submitted a proposal. I was skeptical because, what are the possibilities?” said Mr. Lalji.

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“We managed to get it for a relatively good price than what we listed for it.”

what did they get

This 93-year-old home covers 2,854 square feet of living space, which includes a family open room off the kitchen and a loft on the third floor.

Formal spaces include a living room with a gas fireplace and a dining area overlooking the 65-foot-by-115-foot grounds, with access to the expansive deck. There is also a private office

One bedroom has a walk-in closet and five-piece en-suite bathroom that is roughly the size of the other bedrooms.

The lower level contains another bedroom with its own kitchen and living room, as well as access to a wine cellar and garage.

taking agent

“What is unique is that it is not only a valley, but it comes back to a wooded island on the river, and you can reach the island by a bridge,” said Mr. Lalji.

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“This is one of the most prime lots and places I’ve ever sold, and really one of the best lots in Calgary.”

The house is about half the size of its neighbors but was kept up to date. “It is almost 100 years old, but it has been renovated several times over the years,” said Mr. Lalji.

“This house is surrounded by two large houses – one about $5 million and the other $3.5 million.”

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