Closing Date: January 2023

Address: 1310 14th Avenue SW

Number of Units: 179 Units

Year Built: 1980

Highlights:

• 179 units, offering a favourable mix of one, one plus den and two-bedroom units with an average unit size of 756 square feet
• In-place apartment and parking rents are significantly below market, allowing an owner to benefit from Calgary’s robust market and access market rental rates as existing lease terms expire
• An unmatched Walk Score of 91, Cycle Score of 98, a 7 minute walk to the Sunalta LRT Station and 177 parking stalls offer flexible and convenient transportation options for residents. Three major grocery stores, cafes, restaurants, Uptown 17th Avenue Entertainment District, the Downtown Core, several parks and the Connaught School are all situated within less than a 10 minute walk from the Property
• The Property features a large, 1.12 acre site with an underutilized area of approximately 11,500 square feet, providing the opportunity to add a significant amount of future density
• A substantial amount of capital improvements have been completed over the last 10 years including major building components, common and amenity area renovations and in-suite upgrades