Closing Date: January 2025

Address: 1710 33rd Street SW, Calgary, AB

Number of Units: 23

Average Unit Size: 905 SF

Highlights:

EXCEPTIONAL LOCATION

• Well-located in the south west community of Shaganappi just 5 minutes from the Downtown Core
• Directly across the street from the Westbrook LRT Station, the Westbrook Shopping Centre which includes Walmart Supercentre, Safeway grocery store and multiple national and local retailers
• Convenient access to major thoroughfares including 17th Avenue SW and Bow Trail SW

UNIT MIX AND CONSTRUCTION

• Wood frame construction with underground parkade that was built in 2017
• Spacious and unique mix of one, two and three-bedroom units with an average unit size of 905 SF
• 19 underground parking stalls and 4 surface stalls

INVESTMENT UPSIDE

• The Property is currently 100% occupied at below market rental rates of $2,090
• Market rents based on comparable properties are $2,297 or 10% higher providing significant upside upon lease expiration
• Parking and pet revenue is currently offered free of charge allowing for future miscellaneous revenue growth