Property

• Churchill Towers is a 62 unit concrete mid-rise, with central elevator, located just minutes from downtown Calgary along the trendy 17th Avenue shopping district.
• Churchill is composed of 49 spacious one bedroom units ranging in size from a cozy 536 square feet to a roomy 670 square feet.
• Prices at Churchill range from $124,000 to $157,000. As a result, Churchill is not only a great opportunity, but a very affordable investment for everyone.
• The in-suite renovation program is estimated at $580,000 and each suite will undergo an as required renovation program which may include fresh paint, appliances, new flooring, and updated fixtures throughout.
• Exterior and common areas of the building will undergo a renovation program valued at approximately $340,000. Some of the improvements will be repair to the parking areas, landscaping upgrades, fresh paint where needed, and flooring in hallways.

Financial

• A reserve fund of approximately $139,000 has been established for Churchill, and a first year reserve allocation for the property of $22,500 has been put in
  place through the condo budget.

Rental Information

• Churchill will be professionally managed by Gateway Property Management Corporation who will work hand in hand with Signature Service, to provide the best possible lifestyle and experience for all Churchill residents, along with professional asset management for our investors.
• Founded in 1964 and with over 40 years of Property Management experience, Gateway Property Management Corporation is a full service management company with Canadian offices in Vancouver, Victoria, Prince George, Calgary, Toronto, & Montreal.
• Gateway has extensive experience in the condominium market, currently managing over 20,000 residential units and 1.4 million square feet of commercial space. More important than Gateway's experience is their reputation for providing property owners with the highest caliber of professional service and support.

Suites	Type	Purchase Price	Approx. Size (Sq. Ft.)
49	1 Bedroom	$124,000 - $157,000	536-670

Information contained on this document are from sources deemed to be reliable and accurate. However, numbers or items listed are approximations and are subject to possible change.

Some suites will have a rolling dishwasher.