Glamorgan Landing Estates
4850 50 Avenue SW, Calgary
$110,000,000
Overview
Glamorgan Landing Estates is a brand-new luxury development featuring 278 well-appointed suites in two six-storey rental properties in the highly desirable Glamorgan neighbourhood in southwest Calgary. The buildings are situated on a large 2.8-acre (122,224 SF) site on the north side of 50th Avenue SW, between 45th Street SW and 50th Street SW.
Phase 1 (142 suites) is currently being leased-up. Occupancy for Phase 2 (136 suites) is anticipated in December 2023, with both buildings expected to be fully leased by March / April 2024.
The well-balanced unit mix includes 128 one-bedrooms, 137 two-bedrooms, and 13 three-bedroom suites. The spacious floorplans are thoughtfully designed and feature large windows to maximize natural light and air-conditioning to ensure comfort. Each unit is equipped with state-of-the-art appliances, sleek finishes, and modern fixtures.
A separate two-storey club house provides residents with first-class amenities including a fully equipped gym and a social room with an expansive deck and patio. The property also offers tenants a common BBQ area, dog wash, bike storage facilities, 288 secured underground parking stalls and 14 surface stalls.
Location
Glamorgan Landing Estates is located in the Glamorgan neighbourhood, approximately 8 km southwest of downtown. The property is conveniently situated minutes from shopping at both WestHills Towne Centre and Signal Hill Centre, and within a 5-minute drive of Mount Royal University. Tenants will benefit from abundant shopping, dining and entertainment options all within close proximity.
Glamorgan is well known for its quiet tree-lined streets, proximity to amenities and recreational opportunities, and its close-knit community vibe. The property is within walking distance to multiple sports fields, schools and parks, and its positioning just off Calgary’s ring road system provides for quick access to points all across the city.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
1 bedroom | No. units128 | Average size628 SF | Average rent $1,757 |
2 bedroom | No. units137 | Average size916 SF | Average rent $2,280 |
3 bedroom | No. units13 | Average size1,081 SF | Average rent $2,487 |
Financials
Projected income | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$7,369,644 Vacancy(221,089) Effective gross$7,148,555 Operating expenses(2,021,337) Net operating income$5,127,217 |
---|---|---|
Notes | Contact the undersigned for more information. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3