This bareland condo plan at 1717 College Lane SW in Calgary's Lower Mount Royal community was established in 1994. The small five-unit development represents a unique ownership structure where residents own land and typically lease buildings. With the city's 2026 assessed value averaging around $888,000 per unit, this property type requires careful review of underlying agreements and financial obligations. Prospective buyers should have a lawyer examine the declaration, land lease terms, reserve fund studies, and financial statements to fully understand their rights and responsibilities in this bareland condo arrangement.