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$429,900 per sq ft / yr
1,145.65 SF
Asset Class
Specialty
Size
1,145.65 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
$375
Occupancy
94%
Year Built
2024
Starting at only $375.00 per sq ft! Rare opportunity at Nolan Hill Tower, a premier mixed-use commercial condominium unit, located at 198 Nolanridge Crescent NW, Calgary. Only 10 units remain, offering centralized cooling, excellent exposure along Sarcee Trail and the flexibility to accommodate a wide range of professional and commercial uses, including accounting, medical specialties, legal services, mortgage brokerage, insurance, financial advisory, engineering, consulting, real estate, immigration services and more. Available spaces range from approximately 1,146 sq. ft. to a combined 12,000 sq. ft., providing flexible options for businesses of various sizes. Strategically positioned within a high-density, rapidly growing area, the property is surrounded by major shopping centres and the communities of Nolan Hill, Glacier Ridge, Evanston, Sage Hill, Kincora, Symons Valley, Citadel and The Hamptons. An excellent opportunity for owner-users and investors seeking high-exposure commercial space in Calgary’s growing northwest. Multiple configurations and unit sizes are available. Uses are subject to condominium bylaws and municipal approvals. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$23K
Annual cash flow
$-515
Cash-on-cash
-0.40%
DSCR
0.98
Going-in cap
5.42%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Halcyon Wealth Partners | 1,075 SF | 2032-10 |
Trade area within 3 miles of the property.
Population
104,366
Households
40,331
Median income
$123,000
Median age
35.8
Daytime population
136,092
5-yr growth
1.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 380, 198 Nolanridge Crescent NW, Calgary.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.