Shag 5 combines thoughtful design with a favorable location within the community of Shaganappi Point. The transit-oriented project is comprised of 10 units and is fully leased.
Fully leased at market rents as of October 2023
9.2% increase in the average effective rent Y-O-Y
Rapidly shrinking vacancies and no provincial
control on rent increase led to the fastest rent growth the metro has seen since 2008.
Total Number of Units 10
Year Built 2022
Parking: 5 covered stalls with ample street parking
Zoning: M-C2
Number of Stories: 2.5
Occupancy: 100%
Financing: CMHC assumable at 4.47% (conditions apply)
Site Area: 712 sm (7672 sqft / 0.071 ha)
Building Footprint: 424 sm ( 4566 sqft )More details
Huge Price Reduction! The prime development site, Located strategically right by C-train station off the remarkable location of Bow Trail. Surrounded by the Shaganappi golf course and parks. with a breathtaking Panoramic view of Calgary downtown. Zoned for M-X2 Multi-Residential - Medium Profile Support Commercial .M-X2 is a mixed-use multi-residential designation that is primarily for 4 to 5-storey apartment buildings with commercial storefronts. FAR 3.0 H 16. Easily to build over 33 residential units plus a commercial on the main floor. Very suitable for purposely built for rental. Another idea would be a profitable mix-use condo project or simply 8-10 high-end townhomes with great views.More details
Huge Price Reduction! The prime development site, Located strategically right by C-train station off the remarkable location of Bow Trail. Surrounded by the Shaganappi golf course and parks. with a breathtaking Panoramic view of Calgary downtown. Zoned for M-X2 Multi-Residential - Medium Profile Support Commercial .M-X2 is a mixed-use multi-residential designation that is primarily for 4 to 5-storey apartment buildings with commercial storefronts. FAR 3.0 H 16. Easily to build over 33 residential units plus a commercial on the main floor. Very suitable for purposely built for rental. Another idea would be a profitable mix-use condo project or simply 8-10 high-end townhomes with great views.More details
Data was last updated May 14, 2024 at 06:05 PM (UTC)
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