Status: Conditional

Address:

Central on 12th: 725 12th Avenue SW, Calgary, AB &

Beauview Place: 703 14th Avenue SW, Calgary, AB

Number of Units: 

Central on 12th: 98 Units

Beauview Place: 32 Units

Site Size:

Central on 12th: 24,394 SF (0.56 Acres)

Beauview Place: 13,068 SF (0.30 Acres)

Highlights:

• Portfolio of two, concrete multi-residential buildings totaling 130 units, situated within two city blocks from each other, making it a phenomenal opportunity to acquire scale with operating efficiencies
• An unmatched WalkScore® of 99, Cycle Score of 97, and less than a 10-minute walk to the Downtown Core, offering flexible and convenient transportation options for residents. The immediate area offers abundant amenities including green spaces, dining & entertainment establishments, and several grocery stores
• In-place rents are below market, providing prospective purchasers the ability to capitalize on Calgary’s robust multi-residential market and access market rates as existing lease terms expire
• The Portfolio offers an average unit size of 601 square feet, featuring a mix of studio suites (2%), one-bedroom (74%) and two-bedroom units (25%), making it an excellent option for all renter types and demographics
• Significant capital improvements have been completed, including major building components, in-suite upgrades, and renovations to the common areas. 61% of the units in the Portfolio have either been partially or fully renovated