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Alberta
Airdrie
4117-403 Mackenzie Way SW

$269,900

2+0 Beds

2 Baths

759.42 FEETSQ sqft

QuickQuote^TM: $263K - $321K

4117-403 Mackenzie Way SW, Airdrie, AB, T4B 3V7

Airdrie AB, T4B 3V7

MLS® # A2208419

Property Information:

This 2-bedroom, 2-bathroom + den home offers an excellent price for main floor access and quick possession. This apartment features a functional layout and a spacious kitchen. A den complements the two generously sized bedrooms. One of the highlights of this home is the main floor access to a grassy area, perfect for walking your pet or catching the bus. There’s no need to worry about Alberta's hail and snow seasons, as this home comes with a fantastic heated, underground, titled parking stall, along with ample visitor parking. The apartment includes a functional layout, in-suite laundry, two bedrooms, two bathrooms, and a den. This home offers an excellent price for main floor access and quick possession.Creekside Village fosters a strong sense of community. It is surrounded by all the amenities you could want, including grocery stores, pubs, coffee shops, yoga studios, Midtown Shopping Square, dentists, Tim Hortons, and Shoppers. Enjoy a maintenance-free lifestyle, as the condo fees cover heat, utilities, and much more.

Inclusions: N/A

Building Features:

Total Finished Area: 759.42

Property Features:

Bedrooms: 2+0
Bathrooms: 2+0
Architectural Style: Single Level Unit
Association Fee Includes: Common Area Maintenance, Gas, Heat, Sewer, Snow Removal, Trash
Built in: 2013
Condo Fees: $465 Monthly
Construction Materials: Vinyl Siding
Cooling: None
Exterior Features: None
Floor Space (approx): 759.42 Square Feet
Flooring: See Remarks
Heating: Baseboard
Interior Features: See Remarks
Levels: Single Level Unit
Lot Size: 766.00 Square Feet
Parking Features: Underground
Zoning: M3
No. of Parking Spaces: 1

Courtesy of: URBAN-REALTY.ca

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Potential Investment Performance

Cumulative ROI

153.7%

Cumulative Market Appreciation

$74,568

Net Operating Income in Year 5

$19,111

Cash on Cash Return in Year 5

7.4%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$53,980
Mortgage Amount	$215,920
Mortgage Payment %	$1,120

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,240

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$858
Net Operating Income	$1,382

Debt Service
Mortgage Payment	$1,120

Net Cash Flow	$261

Cap Rate

6.15%

Acquistion Costs

Down Payment $53,980

Land Transfer Tax $164

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $56,144

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$53,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,164	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,359	$3,520	$3,690	$3,867	$4,053	$4,248	$4,452	$4,666	$4,890	$5,125
Total	$59,503	$3,520	$3,690	$3,867	$4,053	$4,248	$4,452	$4,666	$4,890	$5,125
Cash Invested	$59,503	$63,024	$66,714	$70,582	$74,635	$78,883	$83,336	$88,002	$92,893	$98,019

Rental Cash Flows
Rent and other income	$26,882	$27,689	$28,519	$29,375	$30,256	$31,164	$32,099	$33,062	$34,054	$35,075
Operating Expenses	-$10,296	-$10,529	-$10,768	-$11,013	-$11,264	-$11,520	-$11,783	-$12,052	-$12,327	-$12,608
Mortgage Payment	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443	-$13,443
Net Cash Flow	$3,142	$3,715	$4,307	$4,918	$5,548	$6,199	$6,872	$7,566	$8,283	$9,023

Returns
Property Price Appreciation	$13,495	$14,169	$14,878	$15,622	$16,403	$17,223	$18,084	$18,988	$19,938	$20,935
Mortgage Paydown	$3,359	$3,520	$3,690	$3,867	$4,053	$4,248	$4,452	$4,666	$4,890	$5,125
Net Cash Flow	$3,142	$3,715	$4,307	$4,918	$5,548	$6,199	$6,872	$7,566	$8,283	$9,023
Total Return	$19,997	$21,406	$22,875	$24,407	$26,005	$27,671	$29,409	$31,221	$33,112	$35,084
Cumulative Return	$19,997	$41,403	$64,279	$88,687	$114,692	$142,364	$171,773	$202,995	$236,107	$271,192

Investment Metrics
Cumulative ROI	33.6%	65.7%	96.3%	125.7%	153.7%	180.5%	206.1%	230.7%	254.2%	276.7%
Cash On Cash	5.3%	5.9%	6.5%	7.0%	7.4%	7.9%	8.2%	8.6%	8.9%	9.2%