Can $2.7 million really represent great value in a home?

The home I feature in this post about Canmore Real Estate I believe does, and here’s why.

155 Carins Landing

In Canmore, Cairns on the Bow is arguably the most exclusive neighbourhood in town. Located next to the Bow River in the Three Sister’s area of Canmore this upscale Single Family Home neighbourhood boasts some of the largest and most beautiful properties in town. Back in 2007 a 5,500 square foot home in this neighbourhood sold for $3,180,000 or $578 a square foot. In 2009 the average square foot price for a Single Family home in Canmore was $430. The home 5 bedroom, 7 bathroom home featured here and located in Cairns on the Bow is 5,723 square feet above grade and is listed at $2,699,000, or $471 a square foot. This is not your average home, it looks and feels more like a European Chateau than your average Canmore home, with heated marble floors in the hallways, extravagant hardwood floors throughout the living spaces, incredible rock work on the interior walls and around the interior door frames, 2 wood burning fireplaces in the living room a large three car garage and parking for seven. The homes in this neighbourhood (only 18 when all built) are all situated on large oversized lots and will always compliment this home, you will never look out your window and see condos or half duplexes or town homes, there is true value in this home when comparing the price per square foot to any other home in Canmore. Is $2,699,000 an incredible amount of money for a home, sure, but will this home increase in value at a higher rate than other homes in Canmore in a different neighbourhood, absolutely.  Compare this home at $471 a square foot to the average Single family home that is selling for $430 a square foot and you soon realize that the quality of finishings, privacy and neighbourhood location of this home are far superior to anything else.

Click here to contact me for more details on this or any other property in Canmore.