The bareland condo at 55 Collingwood Place NW in Calgary's Collingwood community was built in 2008 and comprises five units. The city's 2026 assessed value for units in this building averages around $449,000. As a bareland condo, owners hold title to the land and structure with individual responsibility for maintenance and improvements. This type of ownership offers a unique alternative to traditional condominium living for those seeking greater autonomy over their property. Before finalizing any purchase, prospective buyers should retain a professional to review all condo documents, including reserve fund studies, financial statements, board minutes, and bylaws to understand ownership obligations and any community assessments.