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Opportunity Knocks in Red Deer AB

It’s been said by many successful investors, “You have to look at a lot of deals, to find a good one”. Well, have a look at this…

Park Plaza Centre – Red Deer AB (2015)

  • Four story commercial and residential building with elevatorlogin-logo
  • 1 & 2 bedroom condominiums
  • Units starting at $219,000
  • Built in 2011, floor plans range from 1060 – 1283 sq ft
  • Located in the downtown city center near all amenities; parks, recreation facilities, public transit, shopping and grocery outlets
  • Heated underground parking included
  • Solid rents with 100% occupancy
  • Positive cash flow from day one
  • Turn-Key investment with professional team in place
  • 100% direct ownership

The Red Deer Market

  • Alberta’s third most populous city (Approx. 98,585)
  • City purchased 7400 acres of surrounding land in 2009, immediately doubling the size of Red Deer and allowing for a potential tripling of the population
  • Population growth of 7.2% since 2011 and expected to reach 128,420 in the next 10 years
  • As of 2012, the average household income was $98,922
  • Young labor force- 42.6% of the employed population below age 34
  • Key Industries – manufacturing, agriculture, oil & gas, construction, healthcare, professional services and retail
  • Ranked #6, REIN Top Investment towns (www.reincanada.com)

And here’s a Sample Proforma…

Red Deer 2 Bed Proforma

 

 

 

 

 

 

 

 

 

 

* Legacy Wealth incentive – Legacy covers the cost of property taxes and management fees @ 2014 values for 24 months. (That’s an extra $6 thousand plus)

 

 

 

And there`s even more opportunity in this deal as these properties are appraising above Legacy`s selling price which means you are getting built in equity above your down payment.

THIS OPPORTUNITY IS 50% SOLD AND WON’T LAST LONG. Regardless of what the media says about Alberta (and Oil), it’s still a buoyant market and people still need to live somewhere. Being a strategic investor is all about striking when the rest are in disarray.

For more information on this project and to receive full disclosures, please contact Legacy Wealth with your name, email and phone number.

Or, click here -> Yes, I’d like more information on Park Plaza in Red Deer!