Property Details

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1426 23 Avenue NW
Calgary (A2284605)

$18,000,000
32,507 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Wilderness Ridge offers a rare opportunity to acquire an institutional-quality, 24-unit purpose-built townhome community that is fully leased and backs directly onto Confederation Park, within Calgary’s mature, inner-city Capitol Hill community. For REITs and institutional owners Wilderness Ridge can enhance a portfolio providing relative yield, liquidity, and durable rental demand fundamentals. Wilderness Ridge is positioned as a core-plus acquisition with in-place cash flow and the potential to enhance performance through rental optimization over time (see rent-to-market analysis / lease rollover profile). Newly completed in 2020, the Property has produced a stable operating history and out-performed occupancy and revenue expectations supported by its incredible park-side location, strong connectivity to Downtown, major transportation routes, post-secondary institutions (UofC and SAIT), and year-round outdoor recreation. The Property is being offered with attractive CMHC financing in place. Detailed APOD, plans and financial info available on request to qualified buyers.

Property details

Basic Info

MLS® #
A2284605
Property Type:
Multi-Family
Subtype:
Row/Townhouse
Subdivision:
Capitol Hill
Price
$18,000,000
Sale/Lease:
For Sale
Size:
32,507 sq.ft.
Year Built:
2020 (6 years old)

Building Info

New Construction:
Yes
Builder:
Brava
Structure Type:
Five Plus
Building Style:
2 Storey
Garage:
Yes
Parking:
Single Garage Attached
Fence:
Basement:
No
Features:
Double Vanity, Kitchen Island, Open Floorplan, Quartz Counters, Soaking Tub, Vaulted Ceiling(s)
Fireplaces:
1
Inclusions:
Garage door opener, Window coverings,
Appliances:
Gas Stove, Refrigerator, Washer/Dryer
Exterior Features:
Private Entrance

Neighborhood Info

Nearby Amenities:
Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.75 acres
Lot Features:
Backs on to Park/Green Space, Environmental Reserve, Greenbelt, Near Golf Course
Water:
Public
Sewer:
Sewer
Zoning:
M-CG d89

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Brick,Metal Siding
Floors:
Carpet, Tile, Vinyl Plank
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
Amenities:
Park, Playground, Pond, Schools Nearby, Shopping Nearby, Walking/Bike Paths
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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