The bareland condo at 1937 24A Street SW in Richmond, Calgary, was built in 1971 and contains six units. This older bareland property represents a different ownership model than traditional condominiums, where residents own land rather than buildings. Recent city assessments have valued units in this building at an average of around $320,000. As with any older property, prospective buyers should have the reserve fund study, financial statements, board minutes, bylaws, and insurance documentation reviewed by a professional before finalizing a purchase to understand the building's financial health and any maintenance obligations specific to the bareland structure.