This bareland condominium at 130 29 Avenue NW in Calgary's Tuxedo Park community was built in 1978. The small four-unit property represents a niche ownership structure where residents own the land and buildings but share common property responsibilities. Recent city assessments value units in this plan at approximately $322,000. Like any condominium investment, prospective buyers should have the reserve fund study, financial statements, board minutes, bylaws and insurance documentation professionally reviewed to understand long-term funding obligations and any deferred maintenance.