Perfect Timing for Duplex Dream
Transcription
Perfect Timing for Duplex Dream
CALCH031279_1_1 SECTION H RECREATION & INVESTMENT PROPERTIES SURF’S that’s A local condo developer has gone into the “ultimate vacation” EDITOR : BARB UP racked Maui up $500 is hot PAGE — and million US in so is a sales. resort H14 project See page on the Hawaiian EC &R INVEST REAT LIVINGSTON business. Find out how to make your Escapes. See page H14. 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See page H16. buyers need your h N N`ccpflY\XYc\kfYi`e^pfli]Xd$ N`ccpfl]`e[k_\Zfddlk\k`d\ ;fpflnXekkfi\k`i\_\i\Æ`]jf# N NEXT N N N WEEK: Next Week 26 drive from s )NDEPENDENT s ,ONG4ERM ,IVING s !SSISTED #ARE s (OW ,IVING TO #HOOSE Looking Calgary’s for a mountain Venezie doorstep? escape in Canmore Not only that’s imity can buyerson to Sunshineplaces like enjoy the at town’s Village Banff National the city. proxski Read about resort, it is Park and it next only Saturday a short OT H E R N E W S AT C A LG A R Y H E R A L D . C O M / H O M E S EDITOR: BARB LIVINGSTONE 403-235-7339 BLIVINGSTONE@CALGARYHERALD.COM SATURDAY, NOVEMBER 19, 2011 Gavin Young, Calgary Herald Jacqueline LaCasse and Ryan Hoover with their infant son in the kitchen of their new duplex in Altadore. The home was designed and built by Niro Developments. Perfect timing for duplex dream Baby arrives just before couple moves into inner-city Altadore home ANDREA COX CALGARY HERALD F or Ryan Hoover and Jacqueline LaCasse, life couldn’t be more perfect. With a brand-new baby and a new duplex home, this young couple is off to a fast-paced start. It wasn’t all an easy sail, though. “We had everything timed perfectly,” says LaCasse. “The house was scheduled to be completed in mid-September, giving us six weeks to get organized and moved in before the baby was born.” But their baby boy arrived seven weeks early. “Thank goodness, the house was finished a week before schedule,” says Hoover. The couple had been living in a 600-square-foot condo in a heritage building close to 17th Avenue and 8th Street S.W. SEE DUPLEX, PAGE H2 CONDO OF THE WEEK H6 N CONDO LISTINGS H13 ONLINE: INSIDE: NEXT WEEK: Whether it be the downtown lifestyle or an affordable condo in the suburbs, let us help you find your dream home with everything from photo galleries to our Condo Xtra and Inside magazines. Visit our website at www.calgaryherald.com/homes Is columnist Richard White the only one who’s wondering if the Beltline boom is back? It seems like every week since August, he has been getting e-mails about condo projects resurfacing or being launched in the trendy inner-city area. See page H9. Everyone wants to live in their own exclusive enclave where they can enjoy a cosy refuge from the world. Something of that dream has been realized at the Enclave at Castle Keep by Avi Urban in Calgary. Read about it next Saturday. Online Inside Next Week Developers buckle up for Beltline Is the boom back within downtown area? I can’t be the only one wondering if the Beltline boom is back? It seems like every week since August, I have been getting e-mails about Beltline condo projects resurfacing, or new projects being planned. The Beltline is Calgary’s most populous community, with 18,341 people as of 2009 calling it home. It extends all the way from the Elbow River on the east to 14th Street on the west, and from 17th Avenue on the south to the railway tracks. In reality, it is probably more like three separate urban villages. The old Victoria Park is Beltline East, which is the area east of 2nd Street S.W.; the Lower Mount Royal is Beltline Central, which would be from about 4th Street to 8th Street between 17th and 13th Avenues; and the old Connaught community is Beltline West, which is from 8th Street west. Each of these communities has its own charm — and as a result, its own distinct market base. The other projects I have been reading about are the resurfacing of developments that were put on hold when the international financial crisis first hit in late 2007 (let’s hope history isn’t repeating itself just three years later). Lower Mount Royal (Beltline Central) First, it was Calla, Qualex-Landmark’s new condos on the edge of the Lougheed House park and gardens in the heart of the Beltline. This is a new project by QualexLandmark, which perhaps has the largest commitment in the Beltline of any condo developer. RICHARD 26 WHITE nor. While this is its first condo project in Calgary, it does have another site in the west end of downtown (the area I would like to rename Mewata). It is a major international developer. The site of Drake is also tucked away off the busy corridors of 11th, 12th and 17th Avenues or the Macleod Trail corridors, where most of the condo developments have been happening. The fact that both Qualex-Landmark and Grosvenor, which are experienced and sophisticated developers, have looked at the Calgary condo market — and, more specifically, the Beltline’s Lower Mount Royal market — and determined there is a strong demand for more condos is a strong testimonial to continued health and well-being of the city's downtown. Calgary Herald Archive An artist’s rendering of Calla, left, near the historic Lougheed House, right. some reason, they seem like giant Cove Properties is an established chessmen — two bishops and two Beltline condo developer that is castles. responsible for Sasso and Vetro, the This project will add many more twin cousins to the south of Nuera condo units to the Beltline. and Alura. Personally, I like the futuristic architecture of all four condos; for SEE WHITE, PAGE H10 Victoria Park (Beltline East) Balboa Land Developments Inc. has dusted off its plans for a second residential tower at its Keynote development, which is at the corner of 11th Avenue and first St. S.E. Balboa is one of Calgary’s leading developers and if anyone understands the boom/bust Calgary market, it is these guys. The company has dusted off its plans for a 29-storey condo with 250 BUY FROM . FEEL SECURE. CONDOS STARTING FROM POSSESSIONS UNDERWAY. SOUTH CALGARY’S MOST DESIRABLE CONDOS. UNPARALLELED LOCATION OUTSTANDING RETURN $229,900 Realistic Pricing for the Real World Starting at $179,900 TOWNHOMES STARTING FROM Beautiful New Project in McKenzie Towne European Estate architecture, outstanding finishes and a commanding location in the heart of McKenzie Towne, all at prices that are hard to believe. Monarch is the smart choice for your smart money. BUILDING 1 SOLD OUT BUILDING 2 ALREADY 80% SOLD $369,900 BUILDING 3 NOW SELLING IT’S TIME TO START MAKING SOUND INVESTMENTS $229k ONE BEDROOM Rent: $1200/mo. Return on Investment: 15% per annum* *Based on $229K East facing One Bedroom - West facing One Bedroom unit is $234K. Located on the 18th Green and bordering a Natural Park/Reserve Only 15 Townhomes and 39 Condos ~ Won’t Last Long! $322k TWO BEDROOMS Rent: $1700/mo. Return on Investment: 20% per annum* *Based on the following information over a 5 year term – 90% mortgage @ 3% variable rate and 30 yr amortization. Condo fees and taxes included. Individual suites may vary. URBAN LIVING AT SUBURBAN PRICES monarchliving.ca Sales Centre Hours: Mon.-Thurs. 2-7 pm Sat. & Sun. 12-5 pm Closed Fridays VA L LE YR ID GE BL VD NW VALLEY RIDGE DRIVE NW TRANS-CANADA HIGHWAY Phone: 403.930.4990 vr-estates.ca 14th AVE Sales Centre Hours: Mon.-Thurs. 2-7 pm Fri.-Sun. 12-5 pm 15th AVE For more information on these or other great Cove projects visit us at MACLEOD TRAIL SE 310 McKenzie Towne Gate SE Phone: 403.453.1797 1st SE * bi-weekly payment based on 10% deposit at a variable interest rate of 2.7% amortized over 30 years. • Professionally Designed Project • Gorgeous Kitchens • Spa-inspired Bathrooms • Estate Level Exterior Finishes STONEY TRAIL * GE $ V PAALL RK EY NWRID as !Payments low as 303 A Golf Course Community of Extraordinary Townhomes and Condominiums 14th Ave. just East of 1 St. SE Directly North of Sasso Phone: 403.234.9894 aluraliving.ca Sales Centre Hours: Mon.-Thurs. 12-6 pm Fri.-Sun. 12-5 pm www.coveproperties.ca FOUNDATION I STRENGTH I HISTORY CALCH064459_1_1 H2 NEW CONDOS Saturday, November 19, 2011 Andrea Cox, Calgary Herald Breaking news at calgaryherald.com UP AND COMING The view from the upstairs bedroom of the duplex in Altadore near downtown. Altadore is an eclectic, vibrant and up and coming neighbourhood in Calgary’s southwest. Established in 1945, it is bordered by the Elbow River and River Park to the south east and by 14th Street on the east and Crowchild Trail on the west. A myriad of coffee shops, mom and pop retailers, and restaurants line the neighbourhood, making it very walkable. In 2006, the neighbourhood had a population of 8,175. FROM PAGE H1 DUPLEX: ‘Growing family’ “I was a little nervous moving out of the (downtown) core,” says LaCasse. But 600 square feet just wasn’t going to cut it with a new baby and a dog. “We needed something that was going to work for our growing family,” says Hoover. The couple wanted to stay as close to downtown as possible; LaCasse works downtown as a lawyer and Hoover has a chiropractic clinic in Altadore. With the help of Hoover’s friend, Vince Niro, who owns Niro Developments — a niche inner-city builder — the couple settled on Altadore for their new home. Although land in Altadore is at a premium and very sought after — seemingly every second home is either under construction or is a new build — Hoover and Niro were able to find two side-by-side lots. “Our advantage was that the lots were being sold together,” says Hoover. “We were only bidding against one other couple.” It is tough to find a lot in this area for a fair price right now, he says. “Owners are definitely in the driver’s seat.” Hoover and LaCasse’s neighbour, Mohammed Nasser, would know. He lives three doors down in one of the two original bungalows left on the street. He has watched the area morph and grow into an urban village that encompasses a variety of home vintages. “I used to own their house,” he says, referring to Hoover and LaCasse. “I bought it in 1969 for $18,300 and sold it in 1975 for $35,000.” Hoover and Niro purchased the lot and bungalow for $525,000 in the fall of 2010. “Altadore is a great location, close to stores and restaurants,” says Niro, adding that the market is strong in Calgary, fuelling big inner-city demand. “The biggest thing about the market right now is that most people don’t want to bridge their mortgages,” he says. “They are buying, but they are playing it smart and safe.” The vision was to create a duplex on the 50-foot by 124-foot lot — one that would take advantage of the downtown views. Hoover and LaCasse would own the east home and lot, while the west home would be sold. Niro designed a two-storey duplex consisting of a couple of 2,000-square-foot homes, replacing the vintage 1952 bungalow that had fallen into “a sad state of repair,” he says. Photos, Gavin Young, Calgary Herald Above, Ryan Hoover and Jacqueline LaCasse’s new home is on the right side of this duplex. Left, the great room includes a fireplace, cabinets and large windows to let in the surrounding views. SEE FINISHES, PAGE H4 Deck Living/Dining 12’ x 15’4” King Bedroom 10’ x 11’ Tech WTC Linen Kitchen 9’ x 9’6” Pantry W/D Storage Bridgeland CHBA - Calgary Region Downtown 2008 CALCH064440_1_1 H4 Saturday, November 19, 2011 Breaking news at calgaryherald.com NEW CONDOS LOVE OF DESIGN Niro Developments has been building custom single-family and multi-family homes in Calgary’s inner city for more than two years. Owner and president Vince Niro and his wife, Chantelle, are enamoured with the design process. Vince started in the homebuilding industry as a framer at age 15 and then earned a degree in construction management from SAIT, as well as a degree in business from Mount Royal University. The company is currently building in Altadore, West Hillhurst, Parkdale and Killarney. For more information, visit the website at www.nirodevelopments.ca — Andrea Cox Here, we have a little neighbourhood, so you can walk and grab coffee. There is really no need for me to complicate my life and go out of the area. JACQUELINE LACASSE THE BUYERS Gavin Young, Calgary Herald Dark-stained wood in the cabinets and flooring contrast with the countertops in the kitchen of the duplex home. FROM PAGE H2 FINISHES: Skylight “The home had been a rental for many years and wasn’t maintained,” says Niro, adding that even businesses that buy such homes and then move them on to other properties, or recycle their components, CALGARYHERALD. didn’t want it. “We try to do that with all of our projects, but in this case, it just couldn’t HOMES happen.” Instead, Niro NVisit our website brought in varifor more photos. ous groups to salvage and recycle what they could — everything from kitchen cabinets to furnaces and hot water heaters. Both homes have mirror three-bedroom floor plans, but are differentiated by the interior finishes. “I really needed this to feel C M / like home,” says LaCasse, who brought in the expertise of Peridot on 11th Avenue to help her with paint colours, furniture and finishes. “I knew that I wanted a rock fireplace and lighter finishes.” The couple also added a skylight in the stairwell, along with an open-glass, nine-foot front door, to brighten up the interior. The home’s open design is quite functional. A main floor office can double as a dining room. Downstairs in-slab heating and a guest bedroom and bathroom make having overnight guests a snap. “The floor plan squeezes out as much space as possible to live,” says Hoover. A large back deck and a two-car detached garage complete the home. “I am still adjusting to having all of this space and to being out of the core,” says LaCasse. But she says it is all good. “Here, we have Jacqueline LaCasse, a lawyer with a downtown law practice, and Ryan Hoover, a chiropractor with a clinic in Altadore. BACKGROUND: The young couple was living downtown in a trendy 600-square-foot condominium in a heritage building close to 17th Ave and 8th Street S.W. With a baby on the way, they needed more space for their growing family. They bought a 2,000-square-foot duplex with city views in Altadore. BUILDER/DEVELOPER: Niro Developments. PRICE: The adjoining duplex is for sale and is selling for $879,900. LOCATION: 2024 37th Avenue S.W. HOURS: The show home is open weekends 1 p.m. to 4 p.m. Andrea Cox, Calgary Herald Vince Niro of Niro Developments outside the show home. a little neighbourhood, so mapped out the running disyou can walk and grab coffee. tance — it’s six kilometres. There is really no need for me That is what I am aiming for, to complicate my life and go but you never know,” she says, out of the area. laughing. “We’ll see what it is like when I go back to work. I’ve ACOX@CALGARYHERALD.COM Like us on VIRTUAL TOURS NOW OPEN N O 24 HOURS A DAY ONLINE SHOW HOMES Available for Viewing Informative & Upgraded Check It Out! Chalet in Copperfield by Sabal Homes The Windway in Airdrie’s Windsong by Mattamy Homes www.calgaryherald.com/virtualtours CALCH061391_1_1 Gavin Young, Calgary Herald The cosy bedroom of the couple’s baby.