CIR Realty
108 9th Ave., S.W., No. 2002, Calgary
Asking price: $1,849,900 (June, 2024)
Selling price: $1,781,568 (June, 2024)
Taxes: $11,894 (2023)
Days on the market: 21
Listing agent: Joel Gwillim, CIR Realty
One of the entertaining areas features 21-foot vaulted ceilings, skylights and walls of windows.CIR Realty
The action
This 2,513-square-foot penthouse suite is in a 20-storey tower anchored by Le Germain Hotel and has a nearly 1,000-square-foot terrace. It has appeared on the market several times since 2022, priced from a high of $2,049,900 to its most recent asking price of $1,849,900.
“For the exclusivity of the building – having concierge, access to hotel amenities, room service and valet parking – it was really upscale for what our western clients were used to,” said agent Joel Gwillim. But those luxuries come at a cost in terms of higher condo fees, he said, “that maybe not everyone wants to pay.”
Possibly the biggest challenge was the very masculine design, Mr. Gwillim said. “It didn’t appeal to females and couples.”
A new paint job and furnishings helped convince a Quebec couple to make an offer, but that bid collapsed when they couldn’t sell their property.
In June, different buyers from out of province finalized a deal, cutting $68,332 off the asking price.
“When we put it up in the spring, it was probably the best condo market I’ve seen since 2014,” Mr. Gwillim said.
“I was pretty positive we’d get it done by the fall given there was not a lot of product like this out there.”
The kitchen has been outfitted with quartz countertops and integrated appliances, including a gas range.CIR Realty
What they got
This 14-year-old suite is laid out with three bedrooms, three bathrooms and entertaining areas on both levels, including one with 21-foot, vaulted ceilings, skylights and walls of windows.
A dining area lies off the kitchen outfitted with quartz countertops and integrated appliances, including a gas range.
The unit comes with a locker and two parking spots. Monthly fees of $2,697 cover water and heating costs.
This 14-year-old suite is laid out with three bedrooms, three bathrooms and entertaining areas on both levels.CIR Realty
The agent’s take
“Just the penthouse units have two storeys,” said Mr. Gwillim.
“[Models] built new, they’re usually smaller and less quality spec, and may not have the same dramatic features, like the outdoor, extended terrace and views.”
The unit comes with a locker and two parking spots. Monthly fees of $2,697 cover water and heating costs.CIR Realty