For sale

1426 23 Avenue Nw, Calgary, Alberta T2K 1M5

MLS® # A2284605

Price:

$18,000,000

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. (id:51913)


Property Details

  Multi-Family
 32507 sqft

Key Details

STATUS
For sale
TYPE
Multi-Family
BUILT IN
2020
PARKING SPACES
24

Amenities

Park, Playground, Schools, Shopping

Property Features

  • MLS® Number A2284605
  • Price $18,000,000
  • Square Footage: 32507 sqft
  • Property Type: Multi-Family
  • Community Name: Capitol Hill
  • AmenitiesNearBy Park, Playground, Schools, Shopping
  • Features Environmental Reserve
  • ParkingSpaceTotal 24
  • Plan 1811614

Buildings

Appliances Refrigerator, Gas Stove(s), Washer & Dryer BasementType None
ConstructedDate 2020 ConstructionStyleAttachment Attached
CoolingType Central Air Conditioning ExteriorFinish Brick, Metal
FireplacePresent Yes FireplaceTotal 1
FlooringType Carpeted, Tile, Vinyl Plank FoundationType Poured Concrete
HeatingFuel Natural Gas HeatingType Forced Air
StoriesTotal 2 SizeInterior 32507 Sqft
TotalFinishedArea 32507 Sqft Type Multi-family
UtilityWater Municipal Water

Parking

Attached Garage 1

Land

Acreage No LandAmenities Park, Playground, Schools, Shopping
Sewer Municipal Sewage System SizeIrregular 3020.00
SizeTotal 3020 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) SizeTotalText 3020 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac)
ZoningDescription M-cg D89

Agents and Offices

  • Sano Stante
  • Office: Real Broker
Address
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