Belmont Plaza – Calgary

Overview

About Belmont Plaza – Calgary

Belmont Plaza: The newest construction is set to be completed in Calgary's south end: Belmont Plaza! Residents of this small new neighborhood, which is close to Macleod Trail & 194 Ave SW, are located in a developing region with a good selection of facilities. Residents will be conveniently located along Macleod Trail, which provides easy access to Highway 201 and the downtown area. A future LRT station will be about 500 meters from this development. Additionally, Township Shopping Centre, Shawnessy Shopping Centre, magnificent outdoor attractions, and much more are all easily accessible to residents. • Starting From Mid $200s Deposit Structure: 10% Deposit No Mortgage Pre-Approval Building 1 & 2 5% upon firming 5% – June 1/2023 Building 3 5% upon firming 5% – Nov 1/2023 Community Info: ✓ Fully landscaped with walking paths and outdoor seating areas ✓ Community garden in the common outdoor space ✓ 44 visitor parking stalls ✓ Underground and above-ground bike storage ✓ One or two elevators as required by the plan ✓ Exterior building and common area maintenance ✓ Snow removal ✓ Landscaping maintenance ✓ Exterior Moloks for waste, recycling, and compost removal ✓ Steps away from shopping and restaurants in the community Why Belmont? POPULATION: Calgary is expected to expand tremendously! It is the third-largest city in Canada by population, and during the past ten years, it has had more population increase than either Vancouver or Toronto! More than 1.3 million people already call Calgary home, and by 2046, the population of the province is projected to expand by another 46%. As a result, real estate will be in higher demand, driving up prices and rental rates. BUSINESS & REAL ESTATE: The province of Alberta is seen as a very profitable location for both business and real estate investment. The LOWEST tax rates in the nation are found there. As there is no provincial sales tax, there is also no HST. The government has promised to invest $10 BILLION on a package of infrastructure projects. There are no land transfer taxes, development fees, or rent controls in the real estate sector. The area is open for business and luring companies from all around the world as well as the rest of the country. A larger demand for real estate results from this simple equation: more business Equals more people. ECONOMY: The economy is booming and it's only the beginning! With 99% of all oil produced now going to JUST the United States and being sold at below-market rates, Alberta is one of the world's top oil producers. The Trans Mountain Pipeline, which will transport oil through the Rocky Mountains to the West Coast for ocean exports to markets all over the world at higher prices, is THE FIX! This will bring thousands of jobs to the sector and generate over $70 billion in revenue for producers and over $45 billion in revenue for the provincial and federal governments. At the same time, and for good cause, the area is evolving into a major worldwide IT cluster. One of the greatest proportions of science, technology, engineering, and math graduates are found there. This is making it easier for multinational corporations and tech startups to establish themselves in the area. Not to mention the rise in "Tech Unicorns," or businesses with a valuation greater than $1 billion. It's no surprise that the economy is growing so well when you consider that and the large tax savings. More jobs and a stronger economy lead to higher housing costs and rising real estate demands! LOCATION: Residents at Belmont Plaza enjoy a very attractive position in Calgary's developing Southend close to Macleod Trail & 194 Ave SW. Macleod Trail smoothly connects you to the city's central center, and an anticipated LRT Station is located just 500 meters from the property. The Township Shopping Centre and Shawnessy Shopping Centre, which provide a good selection of dining establishments, large box retailers, grocery stores, and banks, are two shopping centers close by. Building Amenities: Luxury Vinyl Plank flooring to the common area, Carpet to bedrooms, Granite or engineered stone countertops throughout, Stainless steel appliances, Front load washer/dryer Suite Features: Fully landscaped with walking paths and outdoor seating areas, a Community Garden in the common outdoor space, 44 visitor parking stalls, Underground and above-ground bike storage, One or two elevators as required by the plan, Exterior building and common area maintenance, Snow removal, Landscaping maintenance, Exterior Moloks for waste, recycling and compost removal, Steps away from shopping and restaurants in the community. Quick Features: ✓ Address: 550 Belmont St SW, Calgary ✓ Nearest Intersection: Macleod Trail & 194 Ave SW ✓ Occupancy: Building 1 is May 1/2024 to Dec 1/2024, building 2 is Sept 1/2024 to May 1/2025, Building 3 is Dec 1/2024 to July 1/2025 ✓ Pricing: Starting From the Mid $200s ✓ Suite Types: One Bedroom – Three Bedroom Suites ✓ Suite Sizes: 623 sq ft – 1,262 sq ft ✓ Deposit Structure: Building 1 & 2 – 5% upon firming, 5% – June 1/2023; Building 3 – 5% upon firming, 5% – Nov 1/2023