This building was non-operational and fully condemned at the time of purchase, and was acquired through a CRA foreclosure. The entire property was gutted and completely renovated, expanded, and then leased.
The Calgary Trail North district is a mixed-use area with a heavy presence of industrial facilities. Its proximity to more popular areas lent it well as storage or shop space.
A key element in commercial, industrial, or retail properties is to consider vehicle access. This area has excellent approaches to major routes like Whitemud Drive, allowing even oversize vehicles entry.
In a period of 791 days, the return on investment totalled 31%.