Affordability near downtown
A two-bedroom condo that’s a five-minute drive from downtown — and starting in the $140,000s?
That’s what will be offered at Albert Park Station, a five-building, 271-unit condo apartment complex planned for Albert Park/ Radisson Heights by Carlisle Group. Sales launch on June 8.
The project is located between 12th and 14th avenues S.E. and 26 and 27th streets S.E.
The developer hopes to be in the ground in midsummer, with possessions expected to start in the summer of 2014.
“We are expecting Albert Park potentially to be a fast project, because the buildings are so small,” says Jim Bryce, vice-president of sales for the Carlisle Group. Each building has an average of 57 units.
Albert Park Station has a much different flavour from other Carlisle projects on the go, including Indigo Sky–Saddleridge and Lakeview at Saddleridge.
Albert Park Station buildings are four-storey, wood-frame con- struction. Care was taken in the overall design to not cast shadows on surrounding buildings.
“In Building 5000 on 5th Avenue S.E., the fourth floor is set back from the residential street — and there is only one side of condos on the fourth floor to ensure that there is no shade onto the existing homes in the neighbourhood,” says Bryce.
“It also allows those units to now be called penthouses because they literally have nobody in front or behind them. That building, which is the first one released, will have south-facing balconies.”
Building 5000 will have mountain views on the west side on the third and fourth floors. Buildings 1000 and 2000 will have complete fourth floors, while Buildings 3000 and 4000 will have setback fourth floors with patios exclusive to the homeowners.
Almost all units will have underground parking, and there are 30-plus visitor parking stalls.
The smallest unit is a 615-square-foot, two-bedroom unit. The two-bedrooms range up to 837 square feet.
There is a two-bedroom unit plus den with a 935-square-foot floor plan. The three-bedrooms are close to 1,000 square feet.
“We have 19 penthouse suites that have yet to be formalized and they could all potentially be over 1,000 square feet,” says Bryce.
The starting price is in the $140,000s and the average price will be about $200,000, with the upper prices likely just shy of $300,000. Condo fees will likely be just shy of $300 per month.
Albert Park/Radisson Heights is a community in transition, says Bryce. Albert Park Station means revitalization for the area.
“There are a lot of folks in that neighbourhood who have put money back into their homes to renovate them and get them up to higher standards,” says Bryce.
A main attraction of this project is its location, he says.
“You can literally walk to the Franklin CTrain station in five minutes. You jump on the CTrain and you’re in downtown in five minutes. That’s beautiful.”
The price range makes it an affordable venture for those just starting out.
“It’s attractive to first-time homebuyers, young couples and young working people who can’t afford the prices of the downtown core,” says Bryce.
Carlisle Group is asking interested people to register online at albertparkstation.ca prior to the launch for priority selection.
“The key is for people to get registered for the launch,” says Bryce. “The good units are going to go in those launches.”
For more information, the central sales centre is at 352 4th Ave. S.E. Carlisle Group is offering an advance purchasing opportunity at Albert Park Station for all first responders — including police, firefighters and ambulance staff — before the sales launch event on June 8.