Project Overview

Need mortgage pre approval to reserve a unit.

• 4 bed, 3.5 Bath, 1,534 sq ft above grade (starting)
• Price: ESTIMATED $630K (Without legal suite add on)
• ESTIMATED $670K-700K with fully developed legal suite (one of the cheapest in the city)
• Current Incentive *50% Off Legal Suite, or $30K off the total price.
• Freehold
• Possession 12 months
• Backyard + Parking Pad

Investor Highlights

1. Short term appreciation. They are releasing 40 more units. However, each phase the price goes up 10-15K. This phase they will probably release 8-10 units*. If there are multiple phases left, your property may have appreciated 30-40K strictly on the increase in price from the builder.

2. 2 Bedroom Legal Suite. This is very difficult to find in Calgary, and EVERY investor wants this option. Only certain lot sizes are able for legal suites and different communities in Calgary. 

3. Very High Rentability from LOCATION. Rangeview is minutes from North Americas largest YMCA as well as the brand new hospital in Seton Calgary. Also, the next phase is located RIGHT BESIDE the farmers market and all the popular shops and stores coming to the area. A renters dream.

Community Uniqueness. Rangeview is Calgary’s first “Garden to Table” community. This means they have a local garden that provides for the residences in the community. There is also a large farmers market as a focal point and everything is based around family, connection, health and wellness, walkability, and connectedness.

Financing Information:

• Must make a 10% down payment

Estimated Down Payment: 

Pricing: $680,000 is the pricing they give us for the 2 bedroom legal suite. However they only give a firm price when we go in and make selections.

This pricing includes front landscaping only. It does not include a deck or fencing. However, this can be contracted for cheap.

It also only has a parking pad, not garage. A garage is extra as well. Again can be contracted for cheap if needed. 

Why we love this as an investment:

1. Short term appreciation.

They are releasing 40 more units. However, each phase the price goes up 10-15K. This phase they will probably release 8-10 units*. If there are multiple phases left, your property may have appreciated 30-40K strictly on the increase in price from the builder.

2. The option for a legal suite with a side door entrance!!! 

This is very difficult to find in Calgary, and EVERY investor wants this option. Only certain lot sizes are able for legal suites and different communities in Calgary. 

Why do you want a legal suite?

This is one of the only and best ways to instantly cashflow on a property. 

A legal suite will allow you to earn double the rental income. 

Rent the top floor to a family, and the legal suite to a different tenant. These legal suites are perfect for couples to rent. 

And with Rangeview being only minutes away from the brand new hospital, a brand new LRT station coming, schools being built, and lots of shops, stores etc coming to the community, these will be VERY rentable. 

The issue with finding properties with legal suites

BUILDERS ARE SMART and understand that investors want legal suites to earn double the rental income, so they charge a lot for the legal suite. Typically, a fully developed legal suite costs $85K+

Current Incentive

However, there is currently an incentive that gives you 50% off a fully developed legal suite! So that is savings of approximately $40,000.

In total, if you buy in phase 1 with a legal suite, it is a safe estimate to assume appreciation in each phase of $30,000, and a savings of $40,000 on a legal suite. Therefore you have already made $70,000 in equity by the time you take possession, and that is not including the fact that the overall market value in Calgary is estimated to rise as well.

(full disclaimer these are using assumptions and anything can happen in the real estate market.)

3. The Location aka rentability…

Of course for any investment, location is essential. 

You want something that will rent no matter what state the economy is. 

This means something near the following:

• Downtown
• Universities
• Facilities that produce hundreds or thousands of jobs (hospitals, factories, etc.)

Rangeview is minutes from North Americas largest YMCA as well as the brand new hospital in Seton Calgary.

Also, the next phase is located RIGHT BESIDE the farmers market and all the popular shops and stores coming to the area. A renters dream.

4. Community Uniqueness

The final aspect we are going to touch on is the uniqueness of the community. 

It is Calgarys first “Garden to Table” community.

This means they have a local garden that provides for the residences in the community. There is also a large farmers market as a focal point and everything is based around family, connection, health and wellness, walkability, and connectedness.

Cashflow Breakdown:

Let’s take a look at the cashflow analysis for these properties:

Rental Comparable (Main Floor):

Current 3 Bedroom 2.5 Bathroom homes in Rangeview are renting for ~$2700/month

Rental Comparable (Basement):

Current 1-2 Bedroom Suites in Rangeview are renting for ~$1550/month

Let’s conservatively say you rent out the main floor for $2,500 and the basement for $1,600.

• Down payment is calculated at 20% – but in reality you put 10% down at time of purchase, then another 10% at time of possession (~1 year from now). It’s federal law that investment properties must have atleast 20% down.
• Assuming a 5% interest rate (where it could very well be lower in a year) your estimated monthly cashflow is $320 a month or $3841.12 In Year 1
• 30 year amortization period is used as these will be available in the near future and by the time of possession
• “3 Year ROI” includes cash earned from rental income, appreciation value and equity gained in paying mortgage down
• “Annualized ROI” is based on 3-year period.
• These are simply conservative projections based on the current market – ANYTHING COULD CHANGE

Why You Should Buy a Preconstruction Home in Calgary

Investing in a preconstruction home in Calgary offers numerous benefits that make it an attractive choice for potential home buyers. Here are the top reasons to consider buying brand new in Calgary:

Cost Savings and Incentives: Preconstruction in Calgary often comes with financial incentives such as lower initial pricing compared to completed homes. Builders may offer attractive payment plans, upgrades, and customization options, allowing you to tailor your new home in Calgary to your preferences while saving money.

Modern Design and Features: Purchasing a preconstruction home means you’ll benefit from the latest architectural designs, energy-efficient technologies, and modern amenities. These homes are built to contemporary standards, ensuring you enjoy the latest in comfort and convenience when you buy brand new in Calgary.

Customization Opportunities: One of the significant advantages of buying a preconstruction home is the ability to customize various aspects of your home. From choosing floor plans to selecting finishes, you have the chance to create a living space that truly reflects your style and needs, especially in new homes in Alberta.

Warranty and Peace of Mind: New homes in Calgary come with warranties that cover various elements of the property, providing peace of mind and protection against unexpected repair costs. This can be particularly reassuring for first-time homebuyers considering preconstruction in Calgary.

Growing Communities: Preconstruction homes are often part of new, master-planned communities like Wolf Willow, which offer a range of amenities designed to enhance quality of life. These communities feature parks, trails, schools, and shopping centers, creating a vibrant and connected environment for residents of new homes in Calgary.

Investment Potential: Buying a home during the preconstruction phase can be a smart financial move. As the development progresses, property values often increase, providing an excellent return on investment. Calgary’s growing real estate market ensures strong potential for appreciation in new homes in Alberta.

Prime Locations: Preconstruction developments are strategically located to offer easy access to major roadways, public transit, and essential services. Whether you work in downtown Calgary or need access to various parts of the city, these locations provide convenience without compromising on the benefits of suburban living.

Community and Lifestyle: Preconstruction communities foster a sense of belonging and community spirit. Regular events, recreational facilities, and communal spaces create opportunities for residents to connect, making it more than just a place to live but a place to thrive.

Legal Suites in Calgary: Many new homes in Calgary offer legal suites, providing an additional source of income or a space for extended family. This feature adds significant value and flexibility to your investment.

Investing in a preconstruction home in Calgary means securing a modern, customizable, and cost-effective living space within a growing and vibrant community. With numerous advantages, it’s an opportunity that promises a fulfilling lifestyle and strong investment returns. Consider buying brand new in Calgary to experience all these benefits and more.

If You’re Reading This There’s Still Time…

Don’t miss this opportunity to be part of one of Calgary’s most desirable neighborhood. Availability is limited, and demand is high. Secure your place in Rangeview today— call or text us and we’re happy to help you secure your spot in one of Calgary’s premiere locations.