This bareland condo complex at 1818 5 Street SW in Cliff Bungalow, Calgary, was built in 2018 and contains four units. The City of Calgary's 2026 assessed value for units in this building averages approximately $885,000. As a bareland condo development, owners hold title to the land beneath their structures, which is a distinctive ownership model. Before finalizing a purchase, prospective buyers should engage a real estate lawyer and condo document reviewer to examine the reserve fund study, financial statements, board minutes, and bylaws, ensuring clarity on ownership obligations and any pending assessments.