Townhouse Rental Portfolio 200 BROOKPARK DRIVE SW, CALGARY
For Sale Highlights
Located in South-West Calgary, at Braeside Drive & 24th Street. 21 units in a townhouse condominium complex of 144 units. Outstanding unit mix of two-bedroom units: 13 multi-level units & 8 bungalowstyle units. Within a 5-minute drive to Fish Creek Park, South Glenmore Park and Southland Leisure Centre. Quick easy commute to Southcentre, Rockyview Hospital, and out south end of City. Great access to 14th Street, Anderson Drive, Southland Drive. Condo has new low maintenance vinyl siding, vinyl fencing, and aluminum deck rails. Condo to start re-roofing all buildings this year (ample reserve funds for this project.) All units have balconies or patios. Most have views of common park area, adjoining City park, some with views of the Rocky Mountains, or downtown Calgary. All units have fridges and stoves, most units have dishwashers, washers & dryers.
Property Description Cedarbrook Park Condominium sits at Braeside Drive and 24th Street, adjoining a City park. There is a shopping mall across the street with a Macs convenience store, Tim Hortons, and Calgary Police Community division. The portfolio includes 27 townhouse units in a condominium complex of 144 units,allowing an investor to continue to grow the portfolio as additional units become available for sale. The current owners have a resident manager onsite to administer the portfolio.The condominium has just finished installing new powder-coated aluminum deck rails, refacing the wood siding with maintenance-free vinyl siding and stucco (replaced in 2007). Reroofing is the next major project and the reserve fund is well funded for this project.
Location of the Complex
Unit STYLE 2 Story (2 Bed) Bungalow (2 Bed) Total
# of Units 13 8 21
1070-1124 895-995 977 875-995 Tenantâ€™s pay all utilities in addition to rent