E S T : 2 0 1 4
E S T : 2 0 1 4
T H E M 8 T R I X 5 G R O U P
WE HELP OUR CLIENTS INCREASE THEIR REVENUE, CUT COST AND IMPROVE THEIR QUALITY OF LIFE BY LEVERAGING OUR RESOURCES AND TECHNOLOGY.
T H E M 8 T R I X 5 G R O U P
WE HELP OUR CLIENTS INCREASE THEIR REVENUE, CUT COST AND IMPROVE THEIR QUALITY OF LIFE BY LEVERAGING OUR RESOURCES AND TECHNOLOGY.
Perfect Starter Home
WELCOME TO TARACOVE ESTATE
@ TARADALE
IDEAL FIRST-TIME HOME INVESTMENT
These 12 Residential Condo Units in Taradale, Calgary were built in 2016 and are an excellent buy to live in or invest in and rent out.
MAKES PERFECT SENSE
The Taradale neighbourhood is well connected to Calgary's downtown area.
This tranquil neighbourhood is located in Calgary's northeast corner, providing residents with easy access to the city's international airport.
The investment strategy is to buy in the Taradale Condo for personal use or to rent out for long-term or short-term rental income (Air BnB). Because of their proximity to the airport and walking distance to all amenities, short-term rentals will be more profitable in terms of monthly cashflow.
The condo investment is expected to benefit from its desirable location, which includes a variety of excellent amenities such as schools, shopping centres, public transportation, and recreational pathways.
LOCATION OVERVIEW
Taradale residential condo units are in a great and desirable area of Calgary.
Many amenities are within walking distance, including The YMCA, Genesis Centre and The Saddle Ridge Circle, which features shopping, restaurants, banking, transit, and much more.
Taradale is located on the northeast of Calgary's built-up area. It is bounded to the north by Saddle Ridge, to the south by Falconridge, and to the west by Martindale.
Taradale is also close to the Calgary International Airport. You'll never be far from the action if you live in Taradale, as the vibrant community is close to shops, restaurants, and area parks.
LOCATION & AMENITIES
KEY AMENITIES
Strip Mall, Transit Station (Bus and C-Train), Community Pool & Rec Centre, and Public Schools.
(10-20 mins walking distance from residential units)
CLOSE PROXIMITY
Calgary International Airport
(12 min drive from residential units)
Downtown Calgay
(25 min drive from residential unts)
Prairie Winds Park
(5 min drive from residential units)
McKnight Village Shopping Centre
(10 min drive from residential units)
BUILDING OVERVIEW
FIVE YEARS YOUNG
The Taracove Estate Building has 2 to 3 bedrooms, 1 bathroom suites with in-suite laundry, and ranges in size from 1,020 to 1097 square feet.
In the basement, there is also an extra shared laundry room, rec room and storage lockers.
Each Taracove Estate unit comes with granite counter tops, stainless steel appliances, an open space large living room, kitchen, and one off-street parking stall.
In this friendly and quiet 12 suite apartment complex, all units have a luxurious balcony. The Rocky Mountains can be seen from the Penthouse units facing west.
FINISHINGS
The Taracove suites are available in white/light and chocolate/brown finishes.
VIDEO WALK THROUGH
SNAP SHOTS
UNIT(s) LAYOUT
5% DOWN
Purchase to live in
(Rates from 1.72%*)
20% DOWN
Purchase as an investment
(Short and long term
rentals allowed.
AVAILABLE UNITS
1ST FLOOR
UNIT 102 | 1097 SQFT | 2 BEDROOM, 1 BATH (HC ACCESSIBLE) | FOR SALE
UNIT 104 | 1020 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
UNIT 106 | 1087 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
UNIT 108 | 1068 SQFT | 3 BEDROOM, 1 BATH | RESERVED
2ND FLOOR
UNIT 202 | 1097 SQFT | 2 BEDROOM, 1 BATH (HC ACCESSIBLE) | RESERVED
UNIT 204 | 1020 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
UNIT 206 | 1087 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
UNIT 208 | 1068 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
3RD FLOOR - PENTHOUSE
UNIT 302 | 1097 SQFT | 2 BEDROOM, 1 BATH (HC ACCESSIBLE) | SOLD
UNIT 304 | 1020 SQFT | 3 BEDROOM, 1 BATH | FOR SALE
UNIT 306 | 1087 SQFT | 3 BEDROOM, 1 BATH | RESERVED
UNIT 308 | 1068 SQFT | 3 BEDROOM, 1 BATH | SOLD
LOCAL MARKET CONDITIONS
March 2022 was a busy month for Calgary's housing market with 4,107 sales and 5,485 new listings. In fact, March 2022 was the busiest month that Calgary's housing market has ever seen, with the 4,107 sales this month being a record high. The average home price in Calgary for March 2022 was $538,283. That's up 6.5% year-over-year, but is a slight dip from February 2022's average home price of $547,720. However, the Calgary Real Estate Board's Benchmark Price continued to increase this month, rising 18% year-over-year to $518,600.
The average sold price of a condo in Calgary's housing market is now $290,743 for March 2022, which is 11% higher compared to March 2021.
RISK ANALYSIS
Market Risk
As the Local Market Conditions outlined above, the real estate market has been very different since the beginning of 2021. With the numbers looking to soar things are continuously getting positive for Calgary.
A large part of the market is the trend for the number of buyers sitting on the sidelines waiting for a home to move up to before selling their current place.
Everyone is waiting for something, and it’s definitely making the market very different compared to previous years.
Liquidity Risk
The liquidity risk is the risk associated with selling the property and returning of equity and profits. This is greatly reduced from our findings on the Calgary Real Estate Trends presented by Zolo.
CONCLUSION
Whether you buy this condo to live in or as an investment property, the location is ideal, and the Calgary real estate market is hot and will remain so in the long term due to global oil consumption demand, as Alberta is Canada's oil province. Pierre Poilievre, the soon-to-be-elected new Prime Minister, is also pro-oil. The real estate market in Alberta is without a doubt the best place to invest.
Long or short term?
This unit is a good cash-flowing holding property for long-term rental, or short-term rental via Air BnB may be more profitable monthly due to its proximity to the Calgary airport.
We can safely predict that as more Canadians migrate to Calgary for employment opportunities, the value of the condo will rise over time.
Please contact us below to book a private viewing, need any additional information, have any questions, or want to know how to proceed.
REQUEST PRIVATE VIEWING/MORE INFO
TARACOVE ESTATE @ TARADALE SUBMISSION
