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INVESTORS ALERT!

Cashflow Calgary Condos - For Sale offered by M8TRIX5 Opportunity Corp.

WELCOME TO TARACOVE ESTATE CONDOS
CALGARY AB

IDEAL FIRST-TIME CASHFLOW INVESTMENT PROPERTY

 

These 12 Residential Condo Units in Taradale, Calgary were built in 2016 and are an excellent source of cashflow for real estate investors.

Couple's Portrait
Couple in Restaurant

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 (12 mins drive).

The investment strategy is to buy in the Taradale Condo 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.

Taradale Condo location map.JPG

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)

Taradale Condo Amenities Map.JPG
Taracove Amenities.JPG

CLOSE PROXIMITY

Taracove Mins From Calgary Airport.JPG

Calgary International Airport
(12 min drive from residential units)

Taracove Mins From Down Town Calgary.JPG

Downtown Calgay
(25 min drive from residential unts)

Taracove Mins To Parks.JPG

Prairie Winds Park
(5 min drive from residential units)

Taracove Mins McKnight Centre.JPG

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.

 

All units in this friendly neighbourhood have a luxurious balcony. The Penthouse units facing west have views of the Rocky Mountains.

Taradale Condos Front Elevation
Kitchen White Cabinets

FINISHINGS

 

The Taracove suites are available in white/light and chocolate/brown finishes.

Kitchen Dark Cabinets

VIDEO WALK THROUGH

SNAP SHOTS

 CHOOSE YOUR UNIT(s) LAYOUT

Taradale Estate Floor Layout.JPG
Couple Packing Boxes

LONG TERM RENTAL INCOME

RANGES FROM

$1,750 TO $2,000/MONTH

STARTING FROM

$245,000 CAD

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Real estate

SHORT TERM RENTAL INCOME

RANGES FROM

$4,000 TO $6,000/MONTH

CASH FLOW ESTIMATES

LONG TERM RENTAL #'S

Purchase Price

20% Down Payment

 

Total Mortgage Required

Amortization Period

Mortgage Rate*

Mortgage Monthly Payment

Land Transfer Tax

Strata/Condo Fee** 

Rental Income

Cashflow +/-

Annual ROI

$260,000

$52,000

$208,000

30 years

3.5%

$931

$0.00

$320

$1,750 to $2,000

$500 to $749

~ 12% to 17%

SHORT TERM RENTAL #'S

Purchase Price

20% Down Payment

 

Total Mortgage Required

Amortization Period

Mortgage Rate*

Mortgage Monthly Payment

Land Transfer Tax

Strata/Condo Fee** 

Rental Income

Cashflow +/-

Annual ROI

$260,000

$52,000

$208,000

30 years

3.5%

$931

$0.00

$320

$3,500 to $4,000+

$2,249 to $2,750

52% to 63%

PROPERTY MANAGEMENT

 

Don't have the time to manage your short/long term rental property?  Not to worry!  M8TRIX5 Hospitality Services will market, oversee, and run your rental on your behalf for a small charge.

* Best case scenerio **Amount could change

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 | SOLD

2ND FLOOR

UNIT 202 | 1097 SQFT | 2 BEDROOM, 1 BATH (HC ACCESSIBLE) | RESERVED-R

UNIT 204 | 1020 SQFT | 3 BEDROOM, 1 BATH | FOR SALE

UNIT 206 | 1087 SQFT | 3 BEDROOM, 1 BATH | RESERVED-J

UNIT 208 | 1068 SQFT | 3 BEDROOM, 1 BATH | RESERVED-R

3RD FLOOR - PENTHOUSE

UNIT 302 | 1097 SQFT | 2 BEDROOM, 1 BATH (HC ACCESSIBLE) | SOLD

UNIT 304 | 1020 SQFT | 3 BEDROOM, 1 BATH | RESERVED-S

UNIT 306 | 1087 SQFT | 3 BEDROOM, 1 BATH | SOLD

UNIT 308 | 1068 SQFT | 3 BEDROOM, 1 BATH | SOLD

  

CONCLUSION

 

Whether you buy this condo for long or short term rental, it is a great investment property, the location is ideal, and the Calgary real estate market is hot and will continue to be so. The following are some articles that support Calgary/Alberta growth.

https://calgaryherald.com/news/local-news/post-secondary-students-feeling-pinch-of-tight-calgary-rental-market

https://www.itworldcanada.com/article/calgary-primed-ready-for-what-it-thinks-will-be-a-massive-tech-boom/493825

https://www.canadianrealestatemagazine.ca/news/calgary-market-update-why-calgary-is-holding-while-prices-fall-rapidly-in-other-major-cities-335170.aspx

 

https://dailyhive.com/calgary/calgary-housing-prices-rise

https://calgaryherald.com/opinion/columnists/varcoe-vote-with-their-feet-more-people-moving-to-alberta-as-economy-gains-traction

 

 

https://globalnews.ca/news/8943676/economist-liveable-cities-canada-calgary-vancouver-toronto-2022/


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.