Bank Owned Foreclosures - Court Ordered Properties

Homes, Houses, Townhomes, Condos, Land, Rental Properties, Fix n Flip Opportunities


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. 



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133 Citadel Meadow Bay NW
Citadel Calgary T3G 4Z5

$608,000
Residential beds: 4 baths: 3.0 1,908 sq. ft. built: 2002

Main Photo: 133 Citadel Meadow Bay NW Calgary
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A1222821
Bedrooms:
4
Bathrooms:
3
Year Built:
2002
This home is located on a nice cul-de-sac. It is a 1907.77 sq. ft. two storey with partial development down. There are three bedrooms up and a bonus room. The lot is huge, 10.5 m frontage, the length is 42.3 m and the back is 12.7 m. The home was built in 2002. There are three bathrooms, the main floor has a 2 piece, upstairs 4 piece and a 4-piece ensuite up. There is a double attached garage and a concrete pad in front of the garage that will accommodate two cars. There is a gas fireplace in the main floor living room. The basement development includes a family room. There is a main floor laundry area / bathroom. There is a good-sized tiered deck in the back. Deck 1 14’ x 14’ 6”. Deck 2 is 12’ 2” x 32’ 6”. There is a front porch that is 9’ 9” x 5’ 0”. The exterior is vinyl and wood siding, there is an asphalt shingle roof. There are two dogs living in the residence. The house needs major renovations and cleaning inside and out and on all three levels.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,907.77 sq. ft.
Main Level Finished Area:
823.77 sq. ft.
Below Grade Finished Area:
671.54 sq. ft.
HOA Fee Frequency:
Annually
Lot Area:
5,296 sq. ft.
Lot Frontage:
34'5"
Front Exposure:
West
Unit Exposure:
West
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2002 (Age: 20)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0112674
Heating:
Forced Air
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Siding
Structure Type:
House
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Hardwood, Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
HOA Fee:
$70.00
Citadel
None
None
none
Restrictive Covenant-Building Design/Size, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
13'10" × 11'8"
Main Floor
Living Room
13'6" × 13'
Main Floor
Dining Room
14' × 8'
Main Floor
Office
11'6" × 10'6"
Main Floor
Entrance
8'9" × 7'
Main Floor
Laundry
5'10" × 5'4"
Upper Level
Bedroom - Primary
13'8" × 12'2"
Upper Level
Bedroom
11'4" × 9'
Upper Level
Bedroom
10'2" × 10'1"
Upper Level
Bonus Room
17' × 14'8"
Basement
Family Room
18'5" × 16'6"
Basement
Bedroom
13' × 9'
Basement
Storage
8'9" × 4'10"
Basement
Furnace/Utility Room
9'2" × 9'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 4'3"
Upper Level
No
4
8'1" x 4'11"
Upper Level
Yes
4
11'9" x 4'6"
Title to Land:
Fee Simple
Community Features:
Schools Nearby
Interior Features:
Open Floorplan
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Cul-De-Sac
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1N
Listed Date:
May 27, 2022
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Listed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)
Data was last updated June 27, 2022 at 05:30 AM (UTC)
Jerry Charlton
Al Wiebe
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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.