1426 23 Avenue NW, Calgary   ||   $18,000,000

DETAILS

MLS® NUMBER A2284605
BUILDING TYPE Row/Townhouse
PROPERTY CLASS Multi-Family
SQUARE FOOTAGE 32507 Square Feet
YEAR BUILT 2020
BASEMENT None
GARAGE Yes
TOTAL PARKING 24
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.

Listing Brokerage: Real Broker

MAP

Listing data is deemed reliable but is not guaranteed accurate by CREB®. Last updated: today at 3:00 a.m.

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