Luxury condo in Calgary sells for record $8.3 million
The City of Calgary seems like the next hot spot where luxury lifestyle could be the next big thing. After being host to the 100th edition of the Calgary Stampede, which saw the most expensive horse saddle in display last year, the city is on the brink of having a real estate boom. Ledcor Properties in the process of developing the River side project, which shall be a tower of luxury apartments, where its 12th floor condominium has already been sold for $8.3 million. Even with much of the construction still to take place, the 12th floor condominium has already been sold to a buyer, which means that the properties in that location is very much in demand and the rich Calgarians wouldn’t mind spending extra for it.
Located in the southern part of the Calgary city, The River Tower is where this apartment is located, and covers the entire 12th floor of the 15-storey structure. Spread over an area of 5,260 square feet, this apartment will offer panoramic views of the Elbow River and also the greenery along the way, apart from a host of luxury features as well. Since spread over a considerable area horizontally, this house will have the similar benefits of a private mini-estate, without having to undertake the hassles of a security and maintenance in the long run. Since the whole tower is being looked after by a team of professionals, this condo will be an integral part of the building which will receive the similar set of benefits.
What is also very interesting is that the project for building the tower is still at this infancy stage, and the property would only be ready by early 2014, yet the future owner has shown such key interest by paying the $8.3 million price of the condo. Though the name hasn’t been revealed but the person is known to be a senior executive of an oil & gas company based in the city. Like him there have been others, who have invested heavily in the market, as figures show that there have been 26 such units sold within the last year, which is a decent enough jump from the 21 units sold in 2010. Looks like the Calgarians are the next big things on the real estate circuit.
Via: Vancouver Sun/ Calgary Herald
