1426 23 Avenue NW
Calgary T2K 1M5
MLS® Number: A2284605
$ 18,000,000
0
BEDROOMS
0 + 0
BATHROOMS
32,507
SQUARE FEET
2020
YEAR BUILT
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.
| COMMUNITY | Capitol Hill |
| PROPERTY TYPE | Row/Townhouse |
| BUILDING TYPE | Five Plus |
| STYLE | 2 Storey |
| YEAR BUILT | 2020 |
| SQUARE FOOTAGE | 32,507 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | None |
| AMENITIES | |
| APPLIANCES | Gas Stove, Refrigerator, Washer/Dryer |
| COOLING | Central Air |
| FIREPLACE | Circulating, Gas, Living Room |
| FLOORING | Carpet, Tile, Vinyl Plank |
| HEATING | Forced Air, Natural Gas |
| LAUNDRY | |
| LOT FEATURES | Backs on to Park/Green Space, Environmental Reserve, Greenbelt, Near Golf Course |
| PARKING | Single Garage Attached |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | Real Broker |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|