In the tranquil Parkhill neighborhood of Calgary, a modernized 33-year-old house has found its new owners, selling for $1,255,000 in November 2023. After an exhaustive three-year search for their dream home, the Calgary couple succeeded in securing the property with an offer $5,100 over the asking price—signifying the high demand in this particular neighborhood.
Desirable Location and Modern Upgrades
The property, situated near Princess Obolensky Park, is nestled south of downtown Calgary and adjacent to the Elbow River—a location renowned for its limited turnover and rapidly selling properties. It caught the eyes of many due to its desirable location and the recent upgrades by Hella Design Studio. The house offers upscale kitchen and dining areas, open entertaining spaces equipped with fireplaces on two levels, four bathrooms, and two guest bedrooms in the basement. Not to mention the balcony off one of the bedrooms on the second floor and a deck that connects the kitchen's back door to a double garage on a 25-by-120-foot lot.
The Appeal of Parkhill
Parkhill’s allure lies in its tranquility and accessibility to parks, restaurants, coffee shops, and grocery stores. This peaceful neighborhood is an ideal place for those seeking a serene environment while still being close to essential amenities. As the new owners plan to make some cosmetic changes, their new abode already boasts many substantial upgrades, making it a comfortable and luxurious dwelling.
Real Estate Dynamics in Parkhill
The sale of this home reflects the competitive real estate market in the Parkhill neighborhood. The quick acceptance condition attached to the buyers' offer further indicates the urgency among prospective buyers to secure properties in this sought-after locality. The story of this Calgary couple underscores the challenges and triumphs in the current real estate market, where patience, persistence, and a strong offer can eventually secure a dream home.