Types of Residential Real Estate

There is a product for everyone depending on vast number of considerations! This could include:

  1. Location and neighbourhood preferences
  2. Budget
  3. Size requirements
  4. Bedrooms, Bathroom, Living spaces, basement or yard
  5. Travel distance to work, recreation, family and services
  6. Special features you want or need — i.e. accessibility or efficiency upgrades
  7. Lifestyle needs and possible changes in the future
  8. Preference for a new, resale or custom-built home

Single-Family Homes

A single detached dwelling contains only one dwelling unit and is completely separated by open space on all sides from any other structure (no shared walls), except its own garage or shed.  A single-family (home, house, or dwelling) means that the building is a structure maintained and used as a single dwelling unit. Buyer’s should review the Real Property Report (RPR) completed by an Alberta Land Surveyor to ensure all structure (incl. Fence/structures/deck) meets municipal legislation and compliant.

Single-Family Condominium

A style of residential condominium that has stand-alone, separate units. Example would be gated community with detached homes


A style of residential structure consisting of multi-story units attached on 1-3 sides. Each unit typically has its own private entrance. Can be structured as a condominium (own wall to wall space), bare-land condo or single-family ownership.

Tri-Plex or Four-Plex

3 unit or 4 unit structures with shared walls. Can be constructed in mature neighbourhoods (infills) or new neighbourhood development to offer affordability option. Ownership can be structured as condominium or single family ownership.


A form of property ownership that includes both the individual ownership of a unit and the shared ownership of common property with other unit owners.

Cooperatives, or Co-Ops

A corporation of shareholders with a common interest or purpose. In a housing cooperative, individuals own shares in the corporation but do not own the units. The individual’s proportionate interest (shares) dictates the size of the unit he or she can occupy. The occupancy right to the space is provided under a tenancy agreement with the corporation.

Bare-land Condominiums 

Units are individual parcels of land. The boundaries for units within a Bare Land Condominium Plan are defined by the width and depth of each parcel of land and identified using survey monuments (e.g. steel pins, wooden stakes) placed on or under the ground.


2 units either side by side, front to back or up and down on a single lot that share a common wall.


Land is real estate or property, minus buildings and equipment, that is designated by fixed spatial boundaries (lot lines). Land ownership offer the titleholder rights to the land.

Multi-Family Building

Multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex.  Units within a multifamily residential building are condominiums, where typically the units are owned individually rather than leased from a single apartment building owner. Whole building are considered for investment purposes.

Investment Property

Consideration for investment purposes could include basement suites, garden/garage suite or secondary homes purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both.

Get In Touch

ARIVL | Real Estate for the Modern Millennial.

Mobile: (780) 224-5566

Phone: (780) 224-5566


Office Info


319-10523 123 STREET  Edmonton,  AB  T5N 1N9 

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