1730 5A ST., SW, UNIT 401, CLIFF BUNGALOW, CALGARY

ASKING PRICE $849,000

SELLING PRICE $724,700

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PREVIOUS SELLING PRICE $830,000 (2010)

DAYS ON MARKET 41

TAXES $4,149 (2014)

FEES $890 a month

LISTING AGENT Dennis Plintz, Sotheby's International Realty Canada

The Action: This 1,400-square-foot penthouse in Cliff Bungalow was originally priced to cover what the seller bought it for in 2010 but after a month and a half on the market and a price reduction to $799,900an offer of $724,700 was accepted.

What They Got: This two-bedroom unit is on the top floor of the four-storey Tweed building, built in 2009 just down the street from shops and restaurants of 17th Street and a short walk downtown.

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An open layout accommodates a spacious kitchen lined with white cabinetry and stainless steel appliances.

The master bedroom has walk-in closets and an ensuite bathroom, one of three in the unit.

The unit comes with two parking spaces, a storage locker and ensuite laundry.

The Sale: Listed just a week before Christmas – traditionally one of the slowest periods for home sales – timing didn't work to this home's advantage.

Listing documents made an enthusiastic attempt to outline the unit's merits, highlighting its "impressive living space" in a "boutique building on a quiet tree-lined street."

The interior was described as featuring a "classic and contemporary open layout." A low-ball offer made in late January clinched the deal.

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Editor's note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.