The bareland condo at 116 11 Avenue NW in Crescent Heights, Calgary, was built in 2013 and comprises three land-lease units. The city's 2026 assessed value for similar units in this property averages around $535,000. As a bareland condominium, the property structure and financial arrangements differ from traditional multi-unit condos, with owners typically holding land leases rather than owning the land outright. Before finalizing a purchase, prospective buyers should engage a legal and financial professional to review the property's condo documents, including the lease terms, reserve fund statements, financial records, and bylaws to fully understand the long-term obligations and rights associated with this unique ownership model.