HAZELWOOD CONDOS
SOLD OUT IN RECORD TIME!
HAZELWOOD CONDOS
– 4 Buildings | 265 Units
– 1 Bed to 3 Bed Units
– Parking included with all units
– Integrated Stainless Steel Appliances
– Stacked Washer/Drier
– Kitchen Islands per plan
– Quartz Counters & Backsplash
Location: North East Calgary (Huxley)
Closing: 2027
Deposit: 10% over 1.5YRs
Price: From $299k
+ Rent Guarantee for 2 YRs
+ Free Property Management for 2YRs
+ Free Assignment
+ 10YR New Home Warranty
HAZELWOOD MODELS & PRICING
FLOOR PLANS
INTERIORS
LOCATION: NORTH-EAST CALGARY
Huxbury Gate & Huxbury Ave NE
Hazelwood is located in the Huxley Community of the Belvedere Master-Plan which will feature new schools, child care facilities, community services, a connected pathway, bikeway, public parks, and more!
NEARBY:
Downtown Calgary: 20 mins
Calgary Airport: 18 mins
East Hills Shopping Centre: 2 mins
Lake Chestermere: 10 mins
Rapid Bus Transit Stop: 2 mins
ECONOMY:
2,973 Acres
61,000 New Residents
9,700 New Jobs
Transit stops within 400m
Hazelwood is located in North East Calgary, which was the top performing area in 2022 with home prices increasing a massive 13.3 percent YoY! This location still has some of the most affordable real estate in Calgary and MASSIVE growth potential!
Located just 5 minutes from the East Hills Shopping Centre, owned by RioCan, one of Canada's largest Real Estate Investment Trusts. It features over 880,000sf of retail and there are already plans for further expansion in the area to create a shopping destination!
Master-Plan communities are proven to outperform stand-alone buildings and Hazelwood will benefit from being in the massive Belvedere Area Structure Plan. This community will be home to over 60,000 residents and is poised to be come a flagship Mixed Use location. Smart planning is being done to make this a community destination for the long-term.
Located less than 20 minutes from the De Havilland Air Field that will feature over 1,500 jobs being relocated from Toronto to Calgary - Hazelwood will be the closest community in Calgary to this amazing project.
Nearby, this 2 Bed, 2 Bath is currently asking for $1,775/mo + electricity!
If you were a renter with a good income, which unit would you rather rent??
It's a no-brainer!
This is the difference you get with a Truman build.
FREQUENTLY ASKED QUESTIONS
Q: How Much Will Units Cost?
A: Over 75% of units will be in the mid 300s:
2 Bed, 1 Bath: 329k - 359k inc. GST
2 Bed, 2 Bath: 349k - 379k inc. GST
3 Bed, 2 Bath: 389k - 429k inc. GST
Invest early to secure the best pricing! Most developers continually increase prices 10k-20k after enough units have been sold. Buying at the initial launch is the best way to guarantee a gain in equity. This is the first phase of the development and the first condo building to launch in the Huxley community - you are getting in at the bottom.
INSIDER TIPS:
The lowest prices are for ground floor units and you should expect a $10,000 premium for 2nd floor, $20,000 premium for 3rd floor and $30,000 premium for 4th floor penthouse units.
Units on the 2nd floor always sell out first. South and West exposures tend to be favoured becuase they get more natural light.
Q: How Much Is The Deposit?
A: The deposit is 10% of the purchase price paid in 4 installments over 1.5 years! This is the most extended deposit structure of any pre-construction condo available in Calgary!
Here is an example for a $349,900 purchase price:
AT SIGNING = $10,000
REMAINDER TO 5% IN 30 DAYS = $7,495
2.5% IN 365 DAYS (1YR) = $8,748
2.5% IN 540 DAYS (1.5YRs) = $8748
TOTAL DEPOSIT: $34,990
Q: How Does The Rental Guarantee Work?
The Rental Guarantee is for 2 years starting at closing:
– 2 Bed, 1 Bath: $1,550/mo.
– 2 Bed, 2 Bath: $1,750/mo.
– 3 Bed, 2 Bath: $1,875/mo.
This is a leaseback program by Truman - essentially they rent the unit from you at closing, then using their in-house property management company, Empire 81, they will rent the unit to an actual tenant. This has HUGE advantages for you:
GUARANTEED RENT: Rates are set today so you know exactly how much you can rent the unit for today, regardless of what happens.
FREE PROPERTY MANAGEMENT: Includes free property management services for 2 years who manage the tenants and unit.
NO VACANCY: You get paid even if the unit sits empty for 24 months.
NO RENTAL COSTS: No matter how many times the unit needs to be rented during the 2 years, there are no costs to you (typically units in Calgary are rented by property management companies and this costs 1/2 a months’ rent + GST)
NO HASSLE: Truman and Empire81 are taking on the rental risk and managing the unit - there is nothing for you to do until 2029!
OPTIONAL: Rents are up over 30% in Calgary YoY so if rents are significantly higher by 2027, you can opt out of the program.
Q: What is the Estimated Completion Date?
A: Hazelwood is expected to close in 2027 - this is the farthest out closing date of any project available in Calgary. Planning and design are already underway for the development and Site preparation and Construction will commence once everything is complete. The developer will communicate a firm month/date approximate 90 days before closing.
Q: Is Truman Homes A Good Developer?
A: Truman Homes is one of the top and most trust worthy builders in all of Calgary. For over 35 years, Truman has been building properties of exceptional qualify in Calgary and the surrounding areas. Truman is the proud winner of the Buyers Choice Award and is rated Highest Among Purchasers for customer Satisfaction with over 50 awards to their name.
Truman has over $9.2 billion in its development pipeline and since 1995 has amassed over $500 million worth of land holdings. They have never cancelled a building in their existence or passed on costs to buyers after the contract is signed.
Calgary Herald Feature Article: Truman Homes a Testament To Hard Work
Q: Can I Sell The Unit Before Closing?
A: Yes! This is called an assignment sale and view it as your “escape clause” in case life happens (job loss, death, etc.) and allows you to get out of the contract. I don’t recommend this as an investment strategy because of the new taxes and fees now associated with it (contact me for more details) - buy and hold is how you make serious money in real estate.
Q: Do I Need A Mortgage Now?
A: No, that’s the beauty of pre-construction - you only get the mortgage at closing in 2027. The 10% deposit secures the unit with the developer while it is being built. If you are buying the unit for investment purposes, then you will need another 10% deposit in 2027 (banks will not give you a mortgage on an investment property unless you have 20% down at closing). If you plan on living in the unit, then you can put down as little as 5% with CHMC insurance.
I always recommend getting a mortgage pre-approval now so that you can be confident you won’t have any issues at closing - contact me if you need a referral to a Mortgage Broker!
Q: How Much Are Closing Costs?
A: Budget for around $1,500 including the lawyer fees. Yes, this is ridiculously low and is one of the best parts about investing in Calgary:
NO Land Transfer Tax
NO Development Charges
NO HST or PST
Q: Do Appliances Come With The Unit?
A: Units come fully kitted out with integrated Stainless Steel Appliances, Dishwasher, Stacked Washer/Drier, Kitchen Islands per plan, Quartz Counters & Backsplash, Pot Lights throughout.
Q: How Much Are the Condo Fees?
A: Condo fees are expected to be $0.40 - $0.45/sf (a 650sf unit would have roughly $280/mo. condo fees). Condo fees cover all utilities except for electricity which is metered separately.
Q: When Will Construction Commence
A: Planning and design are already underway. Site preparation and construction is scheduled to begin in 2023.
Q: How Much Is Parking?
Q: Because I get Platinum Access, one parking space is included with every unit for FREE. Parking stalls are legally titled separately. Parking is assigned by the builder and parking locations cannot be requested.
Q: How Much Is A Locker?
A: Because I get Platinum Access, lockers are included with every unit for FREE.
Q: Are Airbnb and Short-Term Rentals Allowed?
A: YES! There is no restriction or limitation to short-term rentals. The City of Calgary requires a business license which costs $100. A risk with any condo building in Canada is that the Board of Directors of the building can restrict short-term rentals in their bylaws if they decide to. Calgary tends to be very pro-business, anti-government so it is unlikely any restrictions will be put in place and Hazelwood has no restrictions in the initial bylaws.
I have a partnership with a fantastic local turnkey Airbnb provider in Calgary with over 1500 5* Reviews - contact me if you are interested to learn more.
Q: What Type Of Heating Does the Building Have?
A: Hazelwood will have a hydronic heating systems (i.e. radiant heating system) that used baseboard heaters to circulate hot water throughout the building. This is the most common heating type in Calgary and one of the most efficient heating methods. Radiators are very streamlined and look very similar to electric baseboard heaters. The cost of heat is included in the condo fees.
Q: How Do I Reserve A Unit?
A: To ensure you are at the front of the line when the project launches, simply complete the Unit Registration Form - it only takes a minute and there is no obligation
Q: Can I Become A Condo Millionaire Too?
A: Yes, all it takes is one property and TIME!