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Buying bank-owned and court-ordered foreclosures for primary homes and/or investment properties are not for everyone. More rules must be followed, and more risks to be taken. However, with the help of qualified, experienced Realtors®, buying foreclosures can be a rewarding venture. Contact us anytime to see if foreclosures could work for you. Foreclosures FAQ's


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103 40 Panatella Landing NW
Panorama Hills Calgary T3K 0K8

$215,000
Residential beds: 2 baths: 1.0 894 sq. ft. built: 2008

Main Photo: 103 40 Panatella Landing NW Calgary
Status:
Active
Prop. Type:
Residential
MLS® Num:
A1258279
Bedrooms:
2
Bathrooms:
1
Year Built:
2008
Investment Opportunity! This 2 BED / 1 BATH bungalow style unit features a functional open floor plan. The kitchen has an ideal layout with a corner pantry and a flat island flowing into the spacious dining and living area. There are 2 good sized bedrooms with convenient access to the main 4 piece bathroom. There is also in suite laundry. A back stone patio offers the perfect place to enjoy the outdoors. This unit comes with one assigned parking stall located in front of the unit for added convenience. This is a well managed complex located near schools, parks and plenty of shopping amenities.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Suite:
No
Home Style:
Bungalow
Total Living Area:
894 sq. ft.
Condo Fee:
$160.00
Condo Fee Includes:
Common Area Maintenance, Professional Management, Snow Removal
HOA Fee Frequency:
Annually
Front Exposure:
Northwest
Unit Exposure:
Northwest
Entry Level:
1
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2008 (Age: 14)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0813755
Heating:
In Floor
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$210.00
Condo Fee Frequency:
Monthly
Panatella Landing
Panorama Hills
Visitor Parking
See Remarks
NA
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Breakfast Nook
9'9" × 8'11"
Main Floor
Kitchen
13'5" × 11'1"
Main Floor
Living Room
16'2" × 11'9"
Main Floor
Bedroom
9'11" × 9'3"
Main Floor
Bedroom - Primary
12'2" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Playground, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
Patio
Lot Features:
Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone N
Zoning:
DC (pre 1P2007)
Listed Date:
Sep 16, 2022
  • Photo 1: 103 40 Panatella Landing NW Calgary
    Photo 1 of 1
Listed by ROYAL LEPAGE SOLUTIONS
Data was last updated September 29, 2022 at 05:30 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$575,000
Min list price:
$168,888
Max list price:
$1,699,000
Avg days on market:
28
Min days on market:
5
Max days on market:
181
Avg price per sq.ft.:
$330.73
These statistics are generated based on the current listing's property type and located in Panorama Hills. Average values are derived using median calculations.
Jerry Charlton
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Buying Calgary Foreclosures Frequently Asked Questions - FAQs

The Owner Stops Paying the mortgage. Does the owner have any equity left in the property?

If No Owner Equity, Then Title goes directly to the bank, lender or insurer. The Bank, Lender or Insurer will list the property for sale

If There Is Owner Equity, The property is listed for sale by the Court of Queens Bench of Alberta. The owner still has the option to redeem the property


Important Information To Know When Buying Alberta Foreclosures

Offers To Purchase a Foreclosure in Alberta The Banks The Courts
Are Conditions Allowed? Yes No
Will They Counter Offer? Yes No
Can you set the possession date? Yes No
Are Appliances Included? No No
Will any repairs be made? No No
Are Real Property Reports Included? No No
Are Condo Documents Included? No No
Are there warranties on anything? No No
Do I put a Deposit with the Offer to Purchase? Within 3 Days Yes, with the offer

  • What Are the Conditions when buying an Alberta Foreclosure?

    The most common conditions on Offers To Purchase a home include Subject To Buyers Financing, Subject To Buyer's Approval of A Home Inspection, Subject to the Sale of A buyer's Home, and subject to buyers' due diligence.

  • What Are Counter Offers?

    When you make someone an offer on anything including a house chances are you will get a counteroffer. With foreclosures listed by the Court of Queens Bench of Alberta, you will not get a counteroffer.

  • What Are Foreclosure Possession Dates?

    The foreclosure possession date is the day the money for a house gets transferred from banks and lawyers. After the lawyers are happy with everything then the buyer gets the keys to the property.

  • Why aren't appliances included?

    Bank Owned and Court Ordered Foreclosed Homes are Sold "As Is". The banks and courts have never seen these homes and have no idea if appliances or anything else works. Therefore they do not include anything in the sale. If appliances are in the house on possession day, they are part of the deal then.

  • Why won't any repairs be made?

    Alberta Foreclosures are priced "As Is". Banks and courts do not hire tradespeople to do anything other than stop by the property on a regular basis to make sure the property is secure. They are not in the fix-n-flip business.

  • What Are Real Property Reports?

    A Real Property Report is best described as showing you in blueprint form what you are buying that you can't see. Where is the property line? Are there gas lines or water lines running under the property? Is the fence on your property or the neighbours? A Real Property Report is not supplied by the courts or the banks when selling a foreclosure.

  • What Are Condo Documents?

    Every Condo is part of a Condo Board. The Condo Board meets regularly and records the minutes of the meetings. The board hires management companies and accountants. The Board in the general administration of the property generates a lot of paperwork. Condo Documents like Real Property Reports will tell you what else you are buying into that you can't see with your own eyes.

  • What Are Warranties?

    Warranties are those annoying things they try to upsell you on every time you buy something. In a home sale, a warranty covers a lot of ground in a normal sale. In the sale of foreclosure in Calgary, there are zero warranties on anything. Nothing is backed by anybody. When you buy a foreclosure and something is wrong, tough luck, that's one reason you got a great price.

  • What is a Redemption Period?

    In the Redemption period of a Calgary Court Ordered Sale, the owner is still on legal title and has the option to make good on all arrears and penalties to reclaim the property and stop the foreclosure process.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.