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.
Address
1426 23 Avenue NW
List Price
$18,000,000
Property Type
Multi-Family
Type of Dwelling
Row/Townhouse
Style of Home
2 Storey
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Capitol Hill
Floor Area
32,507 Sq. Ft.
Lot Size
32507 Sq M.
Year Built
2020
MLS® Number
A2284605
Listing Brokerage
Real Broker
Basement Area
None
Postal Code
T2K 1M5
Zoning
M-CG d89
Site Influences
Backs on to Park/Green Space, Environmental Reserve, Greenbelt, Near Golf Course, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Pond