Myne Condos (NE Calgary)
ANOTHER TRUMAN PROJECT
SOLD OUT!
MYNE CONDOS
– From low $300s inc GST!
– 1, 2 and 3 Bedroom Units
– S/S Appliances
– Washer & Drier
– Designer Window Treatments
Location: Cornerstone, NE Calgary
Closing: 2027/28
5% Deposit:
– At Signing: $10,000
– In 90 Days: Balance to 5%
10% Deposit (extra $10,000 extra Cash Back)
– At Signing: $10,000
– In 90 Days: Balance to 5%
– In 365 Days: 5%
INCENTIVES
• FREE Parking ($35,000 value)
• FREE Locker ($5,000 value)
• FREE Assignment ($10k value)
• 2YR FREE Condo Fees
+ 2YR RENT GUARANTEE
+ 2YR FREE Property Management
+ Tenant pays utilities!
+ No Vacancy Guaranteed
+ No Rental Costs
+ No Rent Control
FLOOR PLANS
LOCATION: CORNERSTONE (NORTH EAST CALGARY)
Cornerview is located in Cornerstone in Calgary’s Northeast. As Calgary’s largest community, careful attention was placed on ensuring the community provided five major access points, making it easy for residents to get home at the end of a long day. The community is already well established with 1,400 homes built and parks, playgrounds and commercial space ready for your family to use from the moment you move in. As the community grows, so will the amenities.
FANTASTIC ACCESS TO THE CITY
10 mins to Calgary Int. Airport
10 mins to CrossIron Mills Shopping Mall
18 mins to Peter Lougheed Hospital
20 mins to Downtown Calgary
25 mins to University of Calgary
90 mins to Banff National Park
FREQUENTLY ASKED QUESTIONS
Q: HOW MUCH DO UNITS COST?
A: Prices vary based on the floor plan and the height in the building:
1 Beds from $319,900 inc. GST
1 Bed+Den from $329,900 inc. GST
2 Beds from $369,900 inc. GST
3 Beds from $439,900 inc. GST
NOTE: There is a $5,000 premium for each floor you go higher in the building
Q: HOW MUCH IS THE DEPOSIT?
A: The deposit is only 10% until closing:
At Signing: $10,000
In 90 Days: Balance to 5%
In 365 Days: 5%
Q: HOW DOES THE RENTAL GUARANTEE WORK?
The Rental Guarantee is for 2 years starting at closing and is based on the Model:
Model E - 1 Bed/1 Bath: $1,500/mo
Model D - 1 Bed=Den/1 Bath: $1,550/mo
Model B - 2 Bed/1 Bath: $1,650/mo
Model A - 2 Bed/2 Bath: $1,800/mo
Model C - 3 Bed/2 Bath: $1,950/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 closing, you can opt out of the program.
Q: WHEN IS THE EXPECTED COMPLETION DATE?
A: Myne Condos is expected to be completed in 2027/28. This is the farthest closing date of ANY project available in Calgary today. 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. Read my guide here about selling assignments in Calgary for more information.
Q: Do I Need A Mortgage Now?
A: No, that’s the beauty of pre-construction - you only get the mortgage at closing . 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 at closing (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 - $2,000 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: All appliances are included in the price featuring: Stainless Steel Appliances, Dishwasher, Washer/Drier, Kitchen Island, Quartz Counters.
Q: When Will Construction Commence
A: Planning and design are already underway. Site preparation and construction is scheduled to begin in 2024.
Q: How Much Is Parking?
Q: One parking space is included with every unit!
Q: How Do I Reserve A Unit?
A: 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!