1134-1160 Memorial Drive | ?m | 5s | Anthem | Rositch Hemphill

MJC

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In this market, either you go rental and maximize your value or your investment restrictions force you to go condo because you will not make as much money. CMHC has 40-year amortization for investment product and consumers can get a max of 25-year debt. Check out the Teranet for pricing strength in Calgary. What do condo sales look like in the city?

We are still down almost 25% of the rental universe in Calgary from the condo conversions in the 1990s. That is the opportunity.

There is a 15%-20% premium in the Beltline right now for investment product over exactly the same individual condo units. Maximization of value is obvious.
 

haltcatchfire

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Up close it wavers between horrible and decent depending on the angle. Luckily from everywhere else it’s masked by good tree cover.

there was a time i thought this would be horrible, but its not horrible. maybe its the trees.
 

UrbanWarrior

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I find it to be barely acceptable. The orange firewalls should either be the same brick, or *shudder* the same grey stucco used elsewhere on the building. The addition of bright orange is... just awful. Without that, it would be fully acceptable bordering on good.
 

Calgcouver

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In this market, either you go rental and maximize your value or your investment restrictions force you to go condo because you will not make as much money. CMHC has 40-year amortization for investment product and consumers can get a max of 25-year debt. Check out the Teranet for pricing strength in Calgary. What do condo sales look like in the city?

We are still down almost 25% of the rental universe in Calgary from the condo conversions in the 1990s. That is the opportunity.

There is a 15%-20% premium in the Beltline right now for investment product over exactly the same individual condo units. Maximization of value is obvious.
Good comment, captures the market in a snapshot succinctly
 

Surrealplaces

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I would make the firewall material the same as the brick or the same color as the brick, but other than that I'm okay with it.
 

Zoom

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I don't understand the hate for this one. I think it's fine. Agree it's not as nice as say Ezra or Lido, but all in all northing really wrong with it.
 

JonnyCanuck

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It is getting close to completion. From a sales & marketing standpoint, this one is a bit of 'head scratcher'. As far as I know these are still condos not rentals yet there has been no advertising. Registration on Anthem's website is about all I have seen.
 

JonnyCanuck

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I had heard Anthem's plan was to sell them for immediate occupancy.
That may be a bit risky. There are plenty of unsold condos ready for occupancy in recent projects like The Guardian, Verve, Park Point, Radius, Avenue West End.
 

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