2226 Westmount Rd NW 5 Unit Apartment Building $1,988,000 CAD ($397,600 CAD/Unit) 3.97% Cap Rate Calgary, AB T2N 3N4

SUBJECT PROPERTY
The site is a rectangular-shaped lot that is 4,436 square feet, located on Westmount Drive and
backs onto Kensington Road and is located between 21 Street NW and 22 Street NW. The
building includes a single-family three-storey style unit with 3 floors of living space totalling 2,483
square feet. There are also 4 apartment condominium units at the rear of the property; 2-one
bedroom units that are 519 and 555 square feet and 2 two-bedroom units that are 693 and 695
square feet. The site also includes a 3,042 square foot underground parkade with 6 parking stalls
and storage lockers. There is a shared deck area between the larger single-family semi-detached
unit and the smaller apartment-style units and a raised wooden deck for the upper apartment
units. Finishings are consistent with market expectations for high-end inner-city properties. The
property also has a mix of in-floor heating and high-velocity forced air. The property also has
upgrades such as double-thick exterior walls allowing for increased sound and heat insulation.