Af­ford­abil­ity near down­town

Calgary Herald - Calgary Herald New Condos - - New Condos - CLAIRE YOUNG

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 al­bert­park­sta­ 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.

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