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1426 23 Avenue NW - MLS® # A2284605

Property Details

List Price
$17,250,000
Living Area
32,507 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
3020 m2|21,780 - 32,669 sqft (1/2 - 3/4 ac)
Taxes
N/A
Type
Multi-Family
Style
N/A
Basement
None
Year Built
2020

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:2469)

Features

Environmental reserve

Amenities

Park, Playground, Schools, Shopping

Listing Provided By

Real Broker

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Real Estate Listing provided by
  • Real Estate Professionals Inc.
  • 5403 CROWCHILD TRAIL NW
  • CALGARY, AB
  • T3B 4Z1