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:55577)
Property Features
- MLS® Number A2284605
- Price $18,000,000
- Square Footage: 32507 sqft
- Property Type: Multi-Family
- Community Name: Capitol Hill
- Amenities Near By Park, Playground, Schools, Shopping
- Features Environmental Reserve
- Parking Space Total 24
- Plan 1811614
Buildings
| Appliances | Refrigerator, Gas Stove(s), Washer & Dryer | Basement Type | None |
| Constructed Date | 2020 | Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning | Exterior Finish | Brick, Metal |
| Fireplace Present | Yes | Fireplace Total | 1 |
| Flooring Type | Carpeted, Tile, Vinyl Plank | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Stories Total | 2 | Size Interior | 32507 Sqft |
| Total Finished Area | 32507 Sqft | Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Attached Garage | 1 |
Land
| Acreage | No | Land Amenities | Park, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System | Size Irregular | 3020.00 |
| Size Total | 3020 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) | Size Total Text | 3020 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | M-cg D89 |
Agents and Offices
- Sano Stante
- Office: Real Broker