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)
| 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 |
| Attached Garage | 1 |
| 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 |