How do I check if a home's list price is fair?

Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.

What should I check on the property's condition before offering?

Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.

Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).

If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.

Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.

Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.

Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.

Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.

Deposit size, financing condition window, condition removal date, possession date — all negotiable.

Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).

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505 320 5th AVENUE N — $224,900 (1 bed, 1 bath) | Calgary Home Search