EXCELLENT Investment Opportunity in Carstairs: 20 mins drive from Airdrie801 Stone Garden Drive -
Welcome to Stone Garden +50 Villas
Starting from $342,500
Address: 801 Stone Garden DR, Carstairs, AB, T0M 0N0
SHOW HOME NOW OPEN! Welcome to Stonegarden! This great +50 community is finally here and the best value in Alberta. This great community is set up as a strata tile with front yard snow removal and lawn care. There are a total of 44 units available with four (4) bungalow models to choose from ranging from 1265 to 1440 sq ft and all models come complete with a double attached front garage. A large selection of high end finishings including, hardwood, tile, granite, wrought iron railings and much more! Book your private walk through now. 60 day possessions available! Please note this home is at paint stage so interior colors can still be selected!
Investment Prospectus and Revenue Potential
|Models||Sq Ft||Retail List Price||Monthly Rent||# Units|
Total Equity Calculations
|Gross Annual Income||$950,400.00|
|Annual property taxes (estimated $2200 per)||$96,800.00|
|Annual insurance based on 3% of GAI||$28,512.00|
|Annual management fee based on 5% of GAI||$47,520.00|
|Gross operating expenses||$172,832.00|
|Net Operating Income||$777,568.00|
|Annual Mortgage Cost||$776,276.52|
|Annual Net operating income||$1,291.48|
|Total Equity at suggested retail value||$4,961,157.50|
- The project has a total of 44 separate titles.
- The project is not a condominium but a strata title with lower operational cost.
- 8 of the units are walkouts and may have additional rental income in those suites (subject to town approval)
- Close to many amenities including golf, local shops and markets.
- The closest hospital is just 10 minutes away in the community of Didsbury.
- Just 24 minutes from Airdrie Alberta with all amenities and a population of 60 thousand.
- The exteriors of each home are designed with low maintenance products and finishes.
- Huge opportunity for equity gains in the near future.
- All streets within the project will be maintained by the town of Carstairs.
- The town of Carstairs is very progressive and pro development experiencing lots of growth in the past couple of years as well as many new commercial and residential development's under way.
- A fully furnished show suite for preleasing is already complete as well a managers suite with a fully developed basement is currently under construction.
- There is a large rural population with in 30 minutes to draw from for current and future tenants.
- All landscaping, poured driveways, appliances and perimeter fencing are included in the list price.
- 12 Units already under construction and can be completed within 60 days.
Contact Andre Aubut, firstname.lastname@example.org or view BROCHURE for more information.
- Property ID: 101119414
- New Construction: No
- Style: Multi-Family
- Status: Active with Contingency