18
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$17,250,000
Est. payment /mo
32,507 SqFt
Price Dropped by $750K
1426 23 Avenue NW Calgary, AB T2K1M5
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 32507
Square Footage 32,507 sqft
Price per Sqft $530
Subdivision Capitol Hill
MLS® Listing ID A2284605
Year Built 2020
Lot Size 0.746 Acres
Acres 0.74625826
Property Sub-Type Freehold
Property 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:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Flooring Carpeted, Tile, Vinyl Plank
Fireplaces Number 1
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
View Y/N No
Attached Garage Yes
Total Parking Spaces 24
Garage Yes
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Real Broker
NEARBY SCHOOL & BUSINESS
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