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This place is in the Strathcona area of Calgary, as regular a neighborhood as they come.... I was very surprised that they did something so unconventional as this there.
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Strathcona's east slope is full of wood basements
An engineer would be preferred over an inspector for proper evaluation. However, if the building is 20+ years old, it will be damaged by now if not properly done. Most people shy away because it's outside of thier exposure, but a properly done foundation will last many years.