PLAZA AT WEST DISTRICT | TRUMAN

2 BED | 2 BATH | 695 SQ. FT. + 55 SQ. FT. BALCONY | PARKING + LOCKER

ASSIGNMENT PRICE: $399,000

Original Purchase Price: $519,645

A rare opportunity to acquire a 2-bedroom, 2-bathroom condominium at Plaza at West District by TRUMAN for $399,000, representing approximately $120,645 below the original purchase price.

Located in Calgary’s highly sought-after West District, Plaza is part of one of the city’s most ambitious master-planned communities, built around walkable streets, retail, restaurants, parks and public spaces. The development is centred around Radio Park, an 8.4-acre central park, with Downtown Calgary, the University of Calgary and Foothills Hospital approximately 15 minutes away by car.

THE RESIDENCE

2 Bedrooms | 2 Bathrooms
Approx. 695 Sq. Ft. Interior
Approx. 55 Sq. Ft. Balcony
South Exposure
1 Underground Parking Space
1 Storage Locker

The layout is exceptionally efficient, offering two bedrooms, two full bathrooms and an open-concept living space in a compact footprint. TRUMAN's comparable T2 plan is approximately 694 sq. ft. internally with a 53 sq. ft. balcony.

Plaza residences feature approximately 9-foot ceilings, luxury vinyl plank flooring, custom millwork, quartz countertops, full-height cabinetry, premium stainless-steel appliances, oversized windows and spa-inspired bathrooms.

WHY PLAZA?

Plaza is not a conventional high-rise tower. It is a low-rise/mid-rise condominium community consisting of two 8-storey concrete buildings with 265 residences, positioned above retail and within the larger West District master plan.

Residents have access to a thoughtfully designed amenity package including:

• Owner’s Lounge with bar and billiards
• Golf Simulator
• Fully equipped Gym
• Yoga Studio
• Kids’ Room
• Pet Spa
• Bike Room
• Oculus outdoor patio

The surrounding West District also provides an unusually walkable mix of restaurants, cafés, fitness studios, retail and services immediately outside your door.

INVESTOR PACKAGE

This assignment comes with an exceptionally attractive incentive package:

2 YEARS FREE MAINTENANCE FEES

2-YEAR RENTAL GUARANTEE OF $2,450/MONTH

Based on the stated $2,450/month rental guarantee, that represents $58,800 of contracted rental income over two years, before considering any other ownership costs.

Monthly maintenance fees are approximately $311/month, including water, gas and heat.

SHORT-TERM RENTAL POTENTIAL

Short-term rental/Airbnb use is permitted

This provides an additional potential strategy for an investor who wants flexibility between traditional long-term rental and short-term accommodation, subject to all applicable rules.

CLOSING COSTS

One of the major advantages of purchasing in Alberta is the absence of Ontario-style land transfer tax.

For this assignment, estimated legal, registration and other closing costs are approximately $2,000, subject to the final closing statement and applicable fees.

No builder levies are anticipated based on the information provided for this assignment.

THE OPPORTUNITY

Original Purchase Price: $519,645
Assignment Asking Price: $399,000
Discount to Original Price: $120,645
Approx. Discount: 23%

Add in the 2 years of free maintenance fees, $2,450/month rental guarantee, parking, locker and potential short-term rental flexibility, and this represents a compelling opportunity to acquire a new condominium in one of Calgary’s most prominent master-planned communities at a significant discount to the original contract price.

ASSIGNMENT PRICE: $399,000

2 BED | 2 BATH | 695 SQ. FT. + BALCONY | SOUTH EXPOSURE | PARKING | LOCKER

Serious inquiries only. Contact for the full assignment package, floor plan, deposit structure, rental guarantee details and assignment terms.