Closing Date:  June 2022

Address:  1628 48th Avenue SW, Calgary, Alberta
Site Area: 30,893 SF (0.71 Acres)

Year Built:  2018

Highlights:

• Nearby Amenities & Services: Located walking distance of multiple amenities including the Altadore Shopping Centre, Sandy Beach Park, Glenmore Athletic Park, and numerous schools
• Unique Suite Offering: The luxurious and spacious townhomes attract a wide range of tenant types including young professionals and families that are seeking large layouts with high-end finishes combined with outdoor living space
• Income Upside: In-place rents are below market, providing NOI growth upon current lease expiries supported by a demographic that has an avg. household income of $295,893
• Limited Competitive Product: Limited supply of comparable, modern and stylish townhome rentals provides investors the opportunity to acquire an asset that offers stable cash flow from an established tenant base
• Attractive In-Place Financing: The property has attractive in-place financing that produces desirable levered returns