Freehold duplex in Cochrane with a side door entrance

*Need mortgage pre approval to reserve a unit.*

• Size: Lucca – 1756 SqFt – 3 Bed 2.5 Bath Upper Floor – SUITE MUST BE BUILT AFTER POSSESSION
• Pricing: About $560k including GST
• Availability: 10 or so lots available (Updated 2024-08-26)
• Parking: Double Car Parking Pad Out Back (Garage available for extra)
• Condo Fees: NONE
• Deposit Structure: $2,000 refundable deposit to hold lot then 10% down at firming
• Possession: About 10-12 months from now (Summer 2025)

Investor Highlights

1. Proximity to the Mountains. It only takes 20-30 minutes to reach the mountains from Cochrane. The town’s proximity to the Rocky Mountains offers stunning natural scenery and easy access to outdoor activities such as hiking, skiing, and mountain biking.

2. The expansion of the Greater Calgary Area. The Greater Calgary Area (GCA) is experiencing a rapid surge in property prices, with Cochrane leading the charge. As more buyers seek out affordable alternatives to Calgary’s core, Cochrane’s blend of small-town charm and proximity to the city and mountains has made it a top choice for homebuyers and investors alike.

Financing Information:

• Must make a 10% down payment

Pricing: $560,000 is the pricing without the legal suite. The legal suite has to be built after but can still potentially be worked into the mortgage.

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

Investor Highlight

This preconstruction duplex in Cochrane, Alberta, offers an incredible investment opportunity with the potential for strong cash flow. Set in the scenic town of Cochrane, just a short drive from Calgary, this property is perfect for investors looking to capitalize on the region’s growing popularity and rental demand.

Property Overview

• Type: Freehold Duplex with a Side Door Entrance
• Size: 1,756 SqFt | 3 Bed | 2.5 Bath | Upper Floor
• Price: Approximately $560,000 (including GST)
• Cash Flow Potential: Estimated at $739/month with the development of a legal basement suite (suite must be built after possession)
• Availability: 10 lots currently available as of August 26, 2024

Key Features

• No Condo Fees: Enjoy the benefits of freehold ownership without the burden of monthly condo fees.
• Parking: Double car parking pad at the back, with an option to add a garage.
• Deposit Structure: Secure your lot with a $2,000 refundable deposit, followed by 10% down at firming.
• Possession: Scheduled for Summer 2025, giving ample time to plan and prepare.

Why Invest in Cochrane?

Cochrane is a rapidly growing town, known for its stunning landscapes and family-friendly atmosphere. With close proximity to Calgary, Cochrane is an attractive location for renters and homeowners alike. The town’s population has been steadily increasing, making it a prime area for real estate investment. The projected rental income from a legal basement suite in this duplex adds significant value, providing an estimated $739/month in cash flow, which can significantly offset mortgage payments and increase overall ROI.

Don’t miss out on this opportunity to invest in one of Cochrane’s promising developments. With a low entry deposit and the potential for strong returns, this duplex is an ideal addition to any investment portfolio.

Estimated Rent Collected: $2,700 / month for upper floor & $1,500 for Legal Suite

Estimated Monthly Cashflow: $739 per month without property management / $314 per month with property management at 10%

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 the Greater Calgary areas most desirable neighborhood. Availability is limited, and demand is high. Secure your place in Fireside today— call or text us and we’re happy to help you secure your spot in one of Cochranes premiere locations.