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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2307A Osborne Crescent SW
Richmond Calgary T2T 0Y7

$699,000
Residential beds: 4 baths: 4.0 1,910 sq. ft. built: 2006

Main Photo: 2307A Osborne Crescent SW Calgary
Photo 1: 2307A Osborne Crescent SW Calgary
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Photo 9: 2307A Osborne Crescent SW Calgary
Status:
Active
Prop. Type:
Residential
MLS® Num:
A1199059
Bedrooms:
4
Bathrooms:
4
Year Built:
2006
Luxury Semi-Detached home is located on a quiet cul-de-sac in the heart of Richmond community. and in close proximity to schools, playgrounds, basketball court, and community rink. This 2 storey duplex boasts over 2800sqf of developed space and features many HIGH END finishes like Brazilian walnut cabinets, Brazilian walnut hardwood flooring, Large kitchen island with Granite countertops, Miele & Sub-Zero appliances, 9' foot ceilings on lower and main levels, vaulted ceilings in all 3 bedrooms on upper levels, and heated flooring throughout. Main level features a strategically designed open floor layout which includes Living room w/fireplace, Kitchen, & breakfast noon, a separate formal Dining room, an office at the front, and a mud room that leads to the (oversized, heated) Double attached garage. Upstairs you will find a spacious Master bedroom with a 3 sided fireplace, walk-in closet, 5-piece Master ensuite w/air jetted tub & heated towel racks, a Laundry room, a 4-piece bathroom, and 2 more good sized bedroom. The basement is fully finished, and includes a large 4th bedroom ideal for guests or teenagers, another 4-piece bathroom, and a massive Family room with a Wet Bar. Other great notable features of this home include On-demand water heater, Central A/C, Hydronic heating, Skylight, and Fibre Optic wiring throughout. This home is a MUST SEE. Book your showing TODAY!!!
Property Type:
Residential
Property Sub Type:
Semi Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,909.89 sq. ft.
Main Level Finished Area:
979.1 sq. ft.
Below Grade Finished Area:
902.19 sq. ft.
Lot Area:
3,552 sq. ft.
Lot Frontage:
16'10"
Front Exposure:
Northwest
Unit Exposure:
Northwest
Entry Level:
1
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2006 (Age: 16)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0810822
Heating:
Boiler, In Floor, Hot Water, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Faces Rear, Heated Garage, Insulated, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Richmond
Other
N/A
None Known
Floor
Type
Size
Other
Main Floor
Breakfast Nook
15'1" × 6'11"
Main Floor
Kitchen
17' × 7'9"
Main Floor
Living Room
14'3" × 12'10"
Main Floor
Dining Room
13'7" × 13'
Main Floor
Office
12'11" × 10'10"
Upper Level
Bedroom
11'7" × 9'7"
Upper Level
Bedroom
11'11" × 10'5"
Upper Level
Bedroom - Primary
18'10" × 16'1"
Lower Level
Game Room
21'4" × 14'11"
Lower Level
Bedroom
15'2" × 12'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Upper Level
No
4
Upper Level
Yes
5
4'9" x 17'1"
Lower Level
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby
Interior Features:
Double Vanity, Granite Counters, Jetted Tub, Kitchen Island, Tankless Hot Water, Vaulted Ceiling(s), Wet Bar
Exterior Features:
None
Patio And Porch Features:
Rear Porch
Lot Features:
Back Lane, Irregular Lot, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C2
Listed Date:
Mar 28, 2022
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Listed by ROYAL LEPAGE BENCHMARK
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.