Gallery First & Tenth | 60m | 19s | Truman

[1875]

 

[Urb]

I took me a while to find the old rendering of Gateway Midtown, but I managed to dig it up.
View attachment 626403

Nice find. Was that a Royop proposal?

 

[Mountain Man]

Nice find. Was that a Royop proposal?

Was a developer called Resiance I believe, they went under in 2008.

 

[Surrealplaces]

Was a developer called Resiance I believe, they went under in 2008.

Resiance had done a few smaller multi-family projects and a large one called Gateway South Centre. This next one was to be Gateway Midtown, but the market turned and they struggled with Gateway South Centre.

 

[YYCMax]

ft. Beltline Block in the background

 

[Alex_YYC]

 

[UrbanWarrior]

Excavation

 

[UrbanWarrior]

Good progress already.

 

[UrbanWarrior]

 

[Dubs147]

Any of you guys buy one of these? I bought one of the presidential units with two parking spots. I am from ontario, very amazing to see you guys posting updates. Has anyone else decided to invest in this development?

 

[Gullfoss]

I'd be shocked if anyone in Calgary was silly enough to buy into this. I don't even think the condos were marketed in Calgary. Prices look nose bleed high to me. We thank you for your contribution to our skyline and rental supply though!

What did you pay per square foot for your unit?

 

[Dubs147]

I'd be shocked if anyone in Calgary was silly enough to buy into this. I don't even think the condos were marketed in Calgary. Prices look nose bleed high to me. We thank you for your contribution to our skyline and rental supply though!

What did you pay per square foot for your unit?

I paid 621k, two underground parking spots and locker. 850sqft 2 bed 2 bath. Very top floor corner unit with the most desirable facing view. I got the best unit in the whole building luckily or i wouldnt of grabbed it. Rental agreement of $3350 and with rates going down will make it cash flow positive. Honestly even if i did over pay I'm holding it, it'll be paid off in 25 years and will fund my retirement.

It seems on par with all the other pre con downtown high rise prices though no?

 

[Cowtown]

620 K for 860 ft.² two bedrooms and two bath doesn’t seem nose bleed for the location. That’s the price per square foot nowadays for new concrete construction.

 

[Dubs147]

620 K for 860 ft.² two bedrooms and two bath doesn’t seem nose bleed for the location. It’s not cheap, but it’s not overly expensive either..

Its a fair price. In my professional opinion, a great investment opportunity too. I am very happy with the purchase

 

[maestro]

I'm confident you'll win the lottery cashing out as long as you pick the right time. Canada will crash before 2050.