New Prop in Cochrane, AB Coming Soon!
We’re excited to share a sneak peek into one of the newest properties coming soon to the addy platform: a 48-unit townhouse project in a rapidly growing Heartland community. This investment opportunity is from Porte Properties, this will be their 5th issuance to drop on the addy platform.
Tell me about Cochrane, AB
Cochrane, located only 18 kilometers West of Calgary’s city limits, is a thriving town that combines small-town charm with easy access to urban amenities. According to Colliers, Cochrane is the 11th fastest growing community in Canada and the fastest growing community in all of Alberta.
Its scenic setting along the Bow River, proximity to the Rockies, and quick 30-minute drive to Calgary make it an ideal choice for families, young professionals, and retirees. With a population of over 30,000, Cochrane’s strong community, excellent schools, and robust infrastructure attract residents seeking an escape from city life without sacrificing convenience. The town’s economy, driven by industries like oil and gas, agriculture, and tourism, supports a high demand for quality housing, making new developments an attractive investment opportunity.
The Heartland Neighbourhood: A Gem in Cochrane
The Heartland neighbourhood is a highly sought-after community in Cochrane, known for its family-friendly atmosphere, beautiful parks, and convenient location. This neighbourhood offers a range of housing options, from single-family homes to townhouses and condos.
Current Market Trends
- The average house price in Cochrane is $555,596, with 242 new listings in the last 28 days (source).
- In the Heartland neighbourhood, the average house price is $588,970, with 11 new listings in the last 56 days (source).
- The Cochrane real estate market has seen an 8% year-to-date gain in sales, with July sales improving over last year (source).
- Inventory levels have continued to rise, but at a slower pace than sales, indicating a balanced market (source).
Track Record of Porte Properties
The issuer behind this project, Porte Properties, has a proven history on the addy platform with four other projects that to-date, have delivered regular distributions. With a focus on well-researched markets and properties, they have raised from thousands of investors on the addy platform. Past projects include:
- The Harrison (Calgary, AB) – 51 residential units and 12 commercial units in a single 5-storey mid-rise apartment building located in the City of Calgary, with regular distributions.
- Airdrie Block (Airdrie, AB) – 40 two- and three-bedroom townhomes in the rapidly growing town of Airdrie, just north of Calgary with regular distributions.
- The Park at Willowglen (Calgary, AB) – 280,000 SF suburban campus style office park on a 20.67 acres site in central Northeast Calgary with regular distributions.
- Altadore Townhomes (Calgary, AB) – 20 multifamily units, consisting of 10 three-bedroom and 10 four-bedroom rental units in the heart of the Altadore community. This investment has had regular distributions.
Get Ready to Invest
The project is coming soon! Whether you’re new to real estate investing or a seasoned investor, stay tuned for more details which will be available in your addy account soon.
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