CHUCK NGUYEN | 403-805-5386

Please visit our Open House at 15 APPLEMEAD CO SE in Calgary.
Open House on Saturday, April 8, 2017 1:30PM - 5:00PM
***OPEN HOUSE SATURDAY APRIL 8*** Cozy 4-bedroom attractive bilevel home in a quiet cul-de-sac with nice landscapes. 2 bedrooms on main floor including a huge master bedroom. Vaulted ceiling. New upgrades include 3-yr new shingles, furnace serviced a few month ago, 3-yr new main door and frame. Fully developed basement features 2 good size bedrooms with large windows, a full bath and a spacious recreation room. Built-in vacuum system. Walking distance to Applewood park.
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I have listed a new property at 15 APPLEMEAD CO SE in Calgary.
***OPEN HOUSE SATURDAY APRIL 8*** Cozy 4-bedroom attractive bilevel home in a quiet cul-de-sac with nice landscapes. 2 bedrooms on main floor including a huge master bedroom. Vaulted ceiling. New upgrades include 3-yr new shingles, furnace serviced a few month ago, 3-yr new main door and frame. Fully developed basement features 2 good size bedrooms with large windows, a full bath and a spacious recreation room. Built-in vacuum system. Walking distance to Applewood park.
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I have listed a new property at 176 TARALAKE CR NE in Calgary.
Upgraded home with almost 2,850 sqft of living space boasting hardwood floor, granite countertops, stainless steel appliances, balcony off the huge bonus room that has two double doors, to balcony and from hallway. Beautiful landscapes with wrap around wood walkway all the way along fences. Main floor features an elegant and open concept kitchen and a fashionalbe formal dining room. Two-tier deck. Master bedroom features a 5pc ensuite and a spacious walk-in closet with a large window. Basement is fully developed with two good sized bedrooms. This home is beautiful in and out! Near school.
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I have just sold these beautiful homes. 

 

DOUGLASDALE


My clients, a young and nice couple can't wait to move into this beautiful two-storey-split home end of this month. Congratulations! 

 

 

ALBERT PARK


You would feel like walking into a brand new home in the established area with the convenience of being near downtown, walking to C-train station. Congrats to my lucky client who will be happily moving in on 21st of this month. 

 

DOVER


In this photo you only see the downtown. But when you stand on the third floor of this immaculate condo townhouse, you will be stunned with the live picture of Bow river, city skylines and mountains, all in one. My clients are very happy and can't wait to take possession end of this month. Congratulations! 

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Whether planning on developing your basement to rent out, or are purchasing a home that already has a secondary suite, it’s important to know what can happen if your property isn’t zoned to have one.   At least 1 illegal suite has been shut down every day for the past 5 years by City Inspectors.

“When the city inspector came to check the basement suite at 239 Erin Meadow Close S. E., she didn’t check for leaky ceilings, unsafe windows or faulty wiring.

But she did find something that warranted shutting it down. She found kitchen cabinets, a countertop and a sink — the telltale markings of a dwelling unit. And with no development permit granted for owner Deanna Oxtoby, that made it an illegal secondary suite.

The lack of safety concerns made no diff erence, nor did the roughly $30,000 of renovations Oxtoby said she did to upgrade the property. Rules were rules. Oxtoby had until last Dec. 1 to close it down.” 

 

What is a secondary suite?

A secondary suite can also be known as a:

  • basement suite
  • mother-in-law suite
  • granny suite
  • garden suite (detached, stand-alone)
  • above the garage suite

What you need to consider if you’re planning on developing a secondary suite

1) You need to identify what your property’s land use district is

Property Land Use District Search  (City of Calgary)

If your land use district is:

R-1, R-C1, or R-C1L

Secondary suites are not a listed use in the above districts.  However, it’s possible to apply for a Land Use Amendment so that secondary suites would be a listed discretionary use.

If your land use district is:

R-1s, R-C1s, R-C1Ls, R-2, R-C2, R-2M, or M-CG

AND is a single detached dwelling (if it is not a single detached dwelling, secondary suites are not allowed)

AND your property meets the minimum required parcel width, depth, or area requirements needed for a secondary suite

THEN secondary suites will be a discretionary use, and you can then apply for a Development Permit.

If your land use district is not listed above, then secondary suites are not permitted.

 

 

Source: https://calgaryrealestatereview.com/2009/05/24/info-on-secondary-suites-in-calgary/

 

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I have sold a property at 157 SADDLECREST CR NE in Calgary.
This well kept and nearly 2,000sqft two-storey home is freshly repainted and vacant, waiting for a new proud owner. Sidings, eavestrough and shingles WILL BE replaced. Carpet is freshly shampooed by a professional. Main floor is very well designed with open concept. Kitchen island overlook spacious living room and dining room and offers a pantry with decorative glass door. Huge family room upstair. Large master bedroom boasting a 5pc ensuite and walk-in closet. Basement is undeveloped but the concept is very good space saving. Roughed-in plumbing is ready for a full bath. Saddle Ridge School is only 400m away and can be seen from home.
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A major shift in mortgage rules announced by the federal government this week will drive up rates for consumers and cut competition in the lending sector, say some in the industry.

Mortgage expert Robert McLister says Ottawa is cracking the housing market with a “sledgehammer.”

He predicts consumers will bear the brunt of the blow and that housing prices will tumble because a “sizable minority” of first-time and high-ratio buyers will no longer qualify for the mortgage amount they want.

 

The federal government says it’s responding to concerns that sharp increases in housing prices in Toronto, Vancouver and elsewhere could increase defaults in the future, should historically low interest rates finally start to climb.

One of the key changes means that all homebuyers seeking an insured mortgage, regardless of how much they have for a down payment, will be subject to a mortgage rate stress test beginning Oct. 17. Before now, those with less than a 20 per cent down payment were required to pass a stress test and have mortgage insurance backed by the federal government through the Canada Mortgage and Housing Corporation.

But those putting down more than 20 per cent who were seeking an insured mortgage through a private insurer were not subjected to the stress test.

The test measures whether the buyer could still afford to make payments if mortgage rates rose to the Bank of Canada’s posted five-year fixed mortgage rate.

That rate is usually significantly higher than what a buyer can negotiate with banks or other lenders. For instance, TD has a five-year fixed rate mortgage at 2.59 per cent, while the Bank of Canada’s rate is 4.64 per cent.

The stress test also sets a ceiling of no more than 39 per cent of household income being necessary to cover home-carrying costs such as mortgage payments, heat and taxes.

Until now, buyers with more than a 20 per cent down payment opting for mortgage insurance have escaped such scrutiny. They were able to obtain low-ratio insurance sold through two private insurers, but backed by the federal government, subject to a 10 per cent deductible. Starting Nov.30, new criteria for low-ratio insurance will take effect. To qualify, the mortgage’s amortization period must be 25 years or less, the purchase price be less than $1 million, the property be owner-occupied, and the buyer have a credit score of 600 or more.

“I don’t think this has been thought through at all,” McLister, who writes for Canadian Mortgage Trends, told CTVNews.ca. He says the effect is that refinances, jumbo mortgages and rental business will have to be handed over by brokers and non-bank lenders to the banks, says McLister. That will hurt competition and drive up mortgage rates and fees.

“There was no industry consultation. Every lender I spoke to said they had no inkling this was coming. This is a big fat mistake.”

In fact, McLister says the changes are a “solution to a problem that doesn’t exist” because only one in 357 Canadian homeowners defaults on a mortgage.

“Regulators are under intense pressure to do something because home prices are climbing fast and may be over-valued in some markets. They want to avoid any kind of catastrophe on their watch,” he said.

“But the knee-jerk reaction will be so damaging, they could cause the sell-off they are trying to avoid.”

He says mortgage insurance provider Genworth Canada estimates the new rules mean up to one-third of its first-time homebuyers will not qualify for a mortgage.

Suzanne Boyce, owner of The Personal Mortgage Group in Hamilton, says she fears the changes will ultimately limit options available to the public. Canada already has some of the stiffest standards for qualifying for mortgages in the world, she says.

Boyce says young people trying for the first time to get into a booming housing market and those who qualify for the low posted rates might not qualify for the higher rates right away.

“Those borderline people trying to break in before they get out-priced permanently may be kept out. It makes me wonder if we’re heading for a European-type market where home ownership is not as common.”

The new rules also mean that, beginning this tax year, all home sales must be reported to the Canada Revenue Agency. The gains from sales of primary residences will remain tax-free, but the government is aiming to block foreign buyers from purchasing and flipping homes while falsely claiming the primary residence exemption from capital gains tax.

Finally, the government says it will shift some of the risk of defaults against insured mortgages to banks and other lenders. Ottawa says its shouldering 100 per cent of the cost of a defaulted mortgage is “unique” in the world. How the government plans to share some of that risk with lenders remains to be seen.

 

 

Source: http://www.ctvnews.ca/business/mortgage-rules-what-do-the-changes-mean-1.3102794

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Please visit our Open House at 260 ERIN MEADOW CL SE in Calgary.
Open House on Sunday, October 16, 2016 12:30PM - 4:00PM
***OPEN HOUSE SUNDAY OCT 16 12:30PM - 4:00PM*** THIS BEAUTIFUL 3-LEVEL-SPLIT HOME BOASTS GLEAMING REAL HARD WOOD FLOORING ON UPPER LEVEL AND HARDWOOD LAMINATE FLOORING ON THE REST OF THE HOME. SELLERS SAID SHINGLES WERE REPLACED AT THE END OF JULY. STAINLESS STEEL FRIDGE AND HOOD FAN. NICE FLOOR PLAN WITH DINING ROOM OVERLOOKING LIVING ROOM THAT FEATURES A BIG BAY WINDOW. LOTS OF OAK-LOOKING WOODEN RAILING ALONG STAIRS AND BETWEEN LEVELS. 3 BEDROOMS ON UPPER LEVEL PLUS ANOTHER LARGE BEDROOM IN THE BASEMENT THAT ALSO OFFER A SPACIOUS FAMILY ROOM AND A HUGE CRAWL IN STORAGE. THE BACKYARD IS ACROSS THE PAVED BACK LANE FROM A LARGE GREEN PARK. THIS HOME IS READY-TO-MOVE-IN-AND-ENJOY CONDITION.
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Please visit our Open House at 260 ERIN MEADOW CL SE in Calgary.
Open House on Sunday, September 25, 2016 12:30PM - 4:00PM
***OPEN HOUSE SUNDAY SEPT 25 12:30PM - 4:00PM*** THIS BEAUTIFUL 3-LEVEL-SPLIT HOME BOASTS GLEAMING REAL HARD WOOD FLOORING ON UPPER LEVEL AND HARDWOOD LAMINATE FLOORING ON THE REST OF THE HOME. SELLERS SAID SHINGLES WERE REPLACED AT THE END OF JULY. STAINLESS STEEL FRIDGE AND HOOD FAN. NICE FLOOR PLAN WITH DINING ROOM OVERLOOKING LIVING ROOM THAT FEATURES A BIG BAY WINDOW. LOTS OF OAK-LOOKING WOODEN RAILING ALONG STAIRS AND BETWEEN LEVELS. 3 BEDROOMS ON UPPER LEVEL PLUS ANOTHER LARGE BEDROOM IN THE BASEMENT THAT ALSO OFFER A SPACIOUS FAMILY ROOM AND A HUGE CRAWL IN STORAGE. THE BACKYARD IS ACROSS THE PAVED BACK LANE FROM A LARGE GREEN PARK. THIS HOME IS READY-TO-MOVE-IN-AND-ENJOY CONDITION.
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Please visit our Open House at 157 SADDLECREST CR NE in Calgary.
Open House on Saturday, September 24, 2016 12:30PM - 4:00PM
***OPEN HOUSE SATURDAY SEPT 24, 12:30PM - 4:00PM*** This well kept and nearly 2,000sqft two-storey home is freshly repainted and vacant, waiting for a new proud owner. Sidings, eavestrough and shingles WILL BE replaced. Carpet is freshly shampooed by a professional. Main floor is very well designed with open concept. Kitchen island overlook spacious living room and dining room and offers a pantry with decorative glass door. Huge family room upstair. Large master bedroom boasting a 5pc ensuite and walk-in closet. Basement is undeveloped but the concept is very good space saving. Roughed-in plumbing is ready for a full bath. Saddle Ridge School is only 400m away and can be seen from home.
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Please visit our Open House at 157 SADDLECREST CR NE in Calgary.
Open House on Saturday, September 17, 2016 12:00PM - 4:00PM
***OPEN HOUSE SATURDAY SEPT 17, 12:30PM - 5:00PM*** This great nearly 2,000sqft two-storey home is freshly repainted and vacant, waiting for a new proud owner. Sidings, eavestrough and shingles WILL BE replaced. Carpet is freshly shampooed by a professional. Main floor is very well designed with open concept. Kitchen island overlook spacious living room and dining room and offers a pantry with decorative glass door. Huge family room upstair. Large master bedroom boasting a 5pc ensuite and walk-in closet. Basement is undeveloped but the concept is very good space saving. Roughed-in plumbing is ready for a full bath. Saddle Ridge School is only 400m away and can be seen from home.
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I have listed a new property at 260 ERIN MEADOW CL SE in Calgary.
This well kept 3-level-split home boasts gleaming hard wood laminate flooring through out. Stainless steel fridge and hood fan. Nice floor plan with dining room overlooking living room that features a big bay window. Lots of oak-looking wooden railing along stairs and between levels. Shingles are couple month new. 3 bedrooms on upper level plus another large bedroom in the basement that also offer a spacious family room and a huge crawl in storage. The backyard is across the paved backlane from a large green park. This home is ready-to-move-in-and-enjoy condition.
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I have listed a new property at 157 SADDLECREST CR NE in Calgary.
This great nearly 2,000sqft two-storey home is freshly repainted and vacant, waiting for a new proud owner. Carpet is freshly shampooed by a professional. Main floor is very well designed with open concept. Kitchen island overlook spacious living room and dining room and offers a pantry with decorative glass door. Huge family room upstair. Large master bedroom boasting a 5pc ensuite and walk-in closet. Basement is undeveloped but the concept is very good space saving. Roughed-in plumbing is ready for a full bath. Insurance company is working on replacing siding and shingles due to a hail storm damage. Saddle Ridge School is only 400m away and can be seen from home.
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I have sold a property at 228 ERIN MEADOW CL SE in Calgary.
***PRICE REDUCED BY $20,900 FOR QUICK SALE*** Nice and clean 4-bedroom 3-level-split home in the newer part of erin woods. Paved back lane. Back onto a huge park. Dining room overlooks spacious living room through a beautiful oak railing. Kitchen features roomy oak cabinetry. Basement is fully finished with a huge bedroom and fireplace in the family room. Huge crawl space storage. Multi tier deck wrapping around insulated garage that looks out to large green park. Newer shingles and hot water tank. Both fridges (in the kitchen and basement) are included.
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Please visit our Open House at 133 TARADALE DR NE in Calgary.
Open House on Sunday, July 24, 2016 12:00PM - 3:00PM
***OPEN HOUSE SUNDAY JULY 24, 12:00PM - 3:00PM*** Seller said: "reduce the price to sell quickly". This beautiful and cozy home has been newly renovated with fresh paint, laminate hardwood and ceramic tile floors. The 3rd level bedroom is very nice and spacious. Newer singles. Newer stove. Newly renovated sun deck and. Basement is newly insulated and framed, ready for your creation.
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Please visit our Open House at 228 ERIN MEADOW CL SE in Calgary.
Open House on Saturday, July 16, 2016 1:30PM - 4:30PM
***PRICE REDUCED BY $20,000 FOR QUICK SALE***OPEN HOUSE ON SATURDAY JULY 16, 1:30PM - 4:30PM*** Nice and clean 4-bedroom 3-level-split home in the newer part of erin woods. Paved back lane. Back onto a huge park. Dining room overlooks spacious living room through a beautiful oak railing. Kitchen features roomy oak cabinetry. Basement is fully finished with a huge bedroom and fireplace in the family room. Huge crawl space storage. Multi tier deck wrapping around insulated garage that looks out to large green park. Newer shingles and hot water tank. Both fridges (in the kitchen and basement) are included.
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I have sold a property at 1001 111 TARAWOOD LN NE in Calgary.
PRICE REDUCED. This former showhome is one of the best in the whole condo project. The reasons: convenience end unit, well upgraded, facing a green park, gleaming hardwood floor, corner fireplace. Parking stall is right in front of the unit. The back yard of the unit is facing the city street where your visitors could easily find plenties of parking space. The kitchen features large window, large pantry with glass sliding doors. The set of stainless steel stove and fridge is newer than a year. Ventilation fan system help cool down the entire home in the summer time. Washer and dryer are newer than 2 years. Some pet restrictions. Condo bylaws can be provided for pre-offer.
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I have sold a property at 33 COVEPARK BA NE in Calgary.
PRICE REDUCED! OPEN HOUSE SATURDAY APRIL 30 FROM 1PM-4PM. This rare 2476 sq.ft. 4-full-bath family home located on a quiet cul-de-sac, backing onto a large park with mountain view & city view. Main floor features hardwood floor. Kitchen has stainless steel appliances plus tons of cabinets. Kitchen nook features full view of the back yard and park through two-tier deck. Home boasts large formal dining room. Upper level is awesome with huge second family room overlooking the park and mountain views through 3 large windows. All bedrooms are very large with 2 of the bedrooms having a 3 piece Jack & Jill bathroom. Master bedroom has many large windows, elegant 4 pc ensuite with separate shower & soaker tub plus a private retreat area with built in bookcases. Lower level is fully finished with a 4th bedroom, rec room and bathroom. This home has extensive upgrades. Price is well below city assessment. Utility box sitting on the front yard give owner a property tax discount
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I have listed a new property at 133 TARADALE DR NE in Calgary.
This beautiful and cozy home has been newly renovated with fresh paint, laminate hardwood and ceramic tile floors. The 3rd level bedroom is very nice and spacious. Newer singles. Newer stove. Newly renovated sun deck and. Basement is newly insulated and framed, ready for your creation.
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CHUCK NGUYEN
Cell:403-805-5386
Fax:403-475-8005
Urban Real Estate Services
Unit A, 820 - 26th Street NE
Calgary, AB
T2A 2M4
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