Raleigh Square

Red Deer, Alberta

  Exceptional Real Estate Investment Opportunity This exceptional opportunity is located at 7180 Parke Avenue in Red Deer, Alberta. Red Deer is a thriving community of 100,000 located two hours from 80% of Alberta’s population. The present economic downturn has provided an excellent buying opportunity for a distressed asset we can renovate and reposition quickly. This 48 suiter with a PREMIUM suite mix in a good rental area, requiring cosmetic upgrades represents significant upside potential in a short 24 to 36-month period. Comparable sales for the year for buildings are over $100,000 per unit, and two years ago they were selling for $115,000 per unit.  Red Deer is a major industrial and commercial hub, with the economy slowly rebounding in 2017. We have scooped this asset for only $63,000 per unit.

ROI: Substantial ROI - Please contact
Sold for: Substantial - Please contact

Purchased December 2017 for  $3,024,000 with a $2,740,000 VTB (90% for  3 years)

Altyn Equities invested $200,000  and co-managed the venture

Property was refinanced in September 2018 for $5,380,000, 8 months later! A whopping 78% increase!

$1,000,000 invested for a value lift of over $2,350,000.

Substantial Value increase in a short time frame by upgrading and raising rents accordingly.

What is exceptional about this deal?
  • Ultra Low purchase price of $63,000 per unit given good rental location
  • Family building in a quiet, residential neighborhood close to bus and amenities
  • Unbelievable Vendor Financing. 90% LTV, interest only for 36 months!
  • All projects sold recently in Red Deer are $100,000 per unit and over
  • Excellent suite mix with 34 two BR, 12 three BR, and only 2 one BR
  • Massive opportunity to raise rents quickly by fixing and raising rents
  • Property manager is currently managing 5 buildings with 5% vacancy
  • Boardwalk has a building on the same block, with rents of $1049 renovated.
  • The upside potential for Red Deer is tremendous, large population growth expected

Question about the project?

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