Sovereign – Downtown Calgary

Overview

About Sovereign – Downtown Calgary

Sovereign Condos: ​The newest Homes, Sovereign Condos, will soon be available in Downtown Calgary. Sovereign residents will find themselves surrounded by a terrific assortment of boutiques, stores, restaurants, and services, all conveniently placed within walking distance. Sovereign is located at 17 Ave SW & 1 St SW. Also, residents will be close to Victoria Park / Stampede Station, several Calgary Transit bus stations, Macleod Trail, Crowchild Trail SW, CORE Shopping Mall, and everything that Calgary has to offer! • Starting From $300s Deposit Structure: $5,000 on Signing 5% Minus $5,000 in 10 Days 5% in 180 Days MAINTENANCE FEES Approximately $0.51 per square foot. (Includes gas and water. Excludes electricity, cable and internet) Incentives: $0 Assignment* (Valued at 2% of the Purchase Price) Reduced Parking & Locker* Regular Parking – $40,000 Parking with Locker – $50,000 Locker – $5,000 Bike Locker with Electrical Outlet – $8,000 **FOR ONE DAY ONLY BUY WITH A CHANCE TO WIN** All expenses paid 3-night, 4-day trip for two people to the Calgary Stampede in July 2023 (Hotel, airfare, and daily credit towards meals included*) Reasons To Invest: ✓ Alberta is Exploding: A Growing Population – The Tech Industry is Booming and just Getting Started* ✓ No Land Transfer Taxes* ✓ No Development Charges ✓ No Provincial Sales Tax* ✓ No Rent Control* ✓ Ideal location in Downtown Calgary ✓ Walking distance from Victoria Park / Stampede Station and multiple Calgary Transit bus stops ✓ Minutes from Macleod Trail and Crowchild Trail SW ✓ Close proximity from CORE Shopping Centre Why Sovereign? 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 will find themselves within easy walking distance to a superb selection of boutiques, shops, restaurants, and services that can be found along 17 Ave SW, which is conveniently located in Calgary's desired downtown core at 17 Ave SW & 1 St SW. Being only a short 8-minute walk from Victoria Park/Stampede Station, steps from several Calgary Transit bus lines, and minutes from Macleod Trail and Crowchild Trail SW makes getting about the city quite simple. The CORE Shopping Centre, which houses 160 stores including TD Square and the Holt Renfrew skyscraper, is a shopping destination nearby. The finest attractions Calgary has to offer, including the Calgary Stampede, the BMO Centre, the Calgary Tower, the MNP Community & Sports Complex, the Elbow River, and much more, are also nearby. Quick Features: ✓ Address: 17 Ave SW & 1 St SW, Calgary AB ✓ Pricing: Starting From The $300s ✓ Occupancy: Q2 2026 ✓ Storeys / Suites: 13 Storeys / 155 Suites ✓ Suite Types: Studio – Two Bedroom + Den Suites ✓ Suite Sizes: 461 sq ft – 1,450 sq ft ✓ Maintenance Fees: Approx. $0.51/sq ft (Includes gas and water. Excludes electricity, cable, and internet) ✓ Deposit Structure: $5,000 on Signing // 5% Minus $5,000 in 10 Days // 5% in 180 Days ✓ Suite Finishes: Luxury Vinyl Plank (LVP) throughout, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer, and more ✓ Building Amenities: Secured Parcel Delivery, Leasing Office, Dog Wash, Gym, Car Wash, Shops and Services on street level, Keyless unit entry systems