1426 23 Avenue NW, Calgary, AB T2K1M5
1426 23 Avenue NW, Calgary, AB T2K1M5
1426 23 Avenue NW, Calgary, AB T2K1M5
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Divjot Singh

Divjot Singh

+1(403) 371-5050
$17,250,000
Est. payment /mo
32,507 SqFt
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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

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Divjot Singh

Divjot Singh

+1(403) 371-5050

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