There are many reasons why you might want to buy a home in a quiet, upscale suburb like Oakridge, Calgary. Perhaps you are seeking a change of pace from the hustle and bustle of the big city, or you are buying a second home, or perhaps even a vacation property, and want to make sure that your investment is going to pay back. Whatever your reasoning, you can’t go wrong with a home in a quiet, upscale suburb like Oakridge.
Located in the northeast quadrant of the city, the community is rich in culture and history, with the iconic Calgary General Hospital as its centerpiece. To this day, the community still celebrates its founding with an annual Founders’ Day festival that celebrates its diversity and unique culture.
The street level of homes in the area is characterized by single-family residences, many with spacious, well-maintained yards and elegant street facades. As you get a little further up the hillside, you’ll start to see larger, more modern homes and apartments, many with spectacular, unobstructed views of the city and its surroundings, with some really huge, luxury properties in the area.
The Hottest Market On Oakridge Homes for Sale in Calgary
With the recent real estate market downturn, a lot of homeowners are now looking for an investment that will pay back, and with the coming of the new year, many sellers have decided to list their property, confident in the knowledge that the buyer has plenty of disposable income and can afford a nice, quiet, upscale place to live.
Over the last year, the Calgary real estate market has seen the price of homes drop by up to 10%, with some areas even seeing a 15-20% decline in price. It is estimated that there are currently approximately 200 properties for sale in the city that are under $200,000, with many owners looking to list their luxury homes for a discount in order to make a profit off their investment. This, however, is not something to be encouraged as prices do rebound, and oftentimes, this can be a great way to buy a home on the cheap.
Why Choose Homes In A Suburb?
There are a number of benefits to purchasing a home in a quiet, upscale suburb, and it’s because of this demand that many homeowners choose to list their property in a neighborhood like this. In a quiet, upscale area like this, you will enjoy a stress-free living experience, with plenty of space to relax and unwind, and yet only minutes away from everything the city has to offer. You’ll be close to work, but far enough away to enjoy your peaceful evenings at home.
A home in a suburb affords you the opportunity to make the most of your spare time, invest in your health and well-being, and enjoy life the way you want to. Should you decide to sell your home in the future, you will have the opportunity to sell to a potential buyer who will be able to appreciate all that the neighborhood has to offer, including its history, culture, and reputation as a healthy, upscale area.
Make Sure You’re Getting The Best Price
As a savvy real estate investor, you’ll want to make sure you’re getting the best price for your home so that when the market rebounds, you’ll be in a position to make the right choice and sell at a good price. To achieve this, you need to be proactive, and get in touch with the seller’s agent to see what other clients they have in the area, and what offers they can make on your behalf. This way, you’ll be sure that when the time comes to sell, you’ll be in a good place to negotiate a price that meets your expectations.