This property sold out to 1050+ Canadians!

Altadore Townhomes

1623 48th AV SW, Calgary AB

Participate in the ownership of 20 multifamily units, consisting of 10 three-bedroom and 10 four-bedroom rental units in Calgary, AB.

The Plan: Acquire and hold 20 multifamily units in a growing neighbourhood in the Calgary Metropolitan Region as income-producing assets with quarterly distributions.

 

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Quarterly

8 Years

general partner

*The key numbers to explain how the Issuer has made this estimate are available within your addy account. Investments in this property are restricted to British Columbia, Alberta, Ontario, and Saskatchewan residents. The investment limit on this property is $10,000. Any investment amount over $2,500 will still require approval by the EMD on record, Atlas One, subject to suitability review and may be reduced.

3rd Dividend Date announced for Altadore Townhomes

3rd Dividend Date Announced We have some very exciting news to announce today 🎉. The Issuer [...]

17
Nov

2nd Dividend Date announced for Altadore Townhomes

2nd Dividend Date Announced We have some very exciting news to announce today 🎉. The Issuer [...]

13
Oct

Early Dividend Date announced for Altadore Townhomes

Early Dividend Date Announced We have some very exciting news to announce today 🎉. The Issuer [...]

27
Sep

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Dive into the world of Altadore located in the heart of Calgary, Alberta. Widely recognized as a top residential neighbourhood, Altadore boasts a thriving community of 6,831 residents and is conveniently situated just 9 minutes south of Calgary’s core. Whether you’re flying in or out, the Calgary International Airport is a mere 24-minute drive away.

Source: CREB

Here’s why Altadore stands out:

• Award-Winning Locale: In 2010, Altadore was celebrated as one of Calgary’s best neighbourhoods, largely due to its close proximity to River Park, one of the most frequented parks on the Elbow River.
• Vibrant Lifestyle: Beyond its natural beauty, Altadore is renowned for its lively party scene and rich local culture, ensuring a steady demand for rental properties.
• Economic Profile: With a median personal income of $63,281 (as of 2015) and a median household income of $130,638, Altadore presents a prosperous community. However, it’s worth noting that 7% of its residents are categorized as low income.
• Diverse Housing Options: The neighbourhood offers a mix of property types to cater to various preferences: 38% are detached homes, 30% are semi-detached/duplexes, 9% are row houses, and 23% are apartments. Interestingly, 29% of these dwellings are rentals, indicating a potential rental market for investors.

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The company was founded in 1968 by Hershey Porte. By putting his own name on it, Hershey was signalling that he intended to build the company with hard work and integrity.

In the decades that followed, Porte did just that by growing the company considerably to include residential and commercial property management and real estate development. It’s this multi-faceted experience in so many areas of the real estate industry that has allowed us to thrive through countless market cycles, trends and business environments.

Over the years, we’ve also discovered that we’re really in the business of developing communities and enriching lives. You’ll find that spirit in our award-winning developments, our extraordinary charitable work and in every employee who proudly calls Porte their place of work. When people feel this good about doing their job, amazing things happen.

Over the years Porte has developed a set of fundamental beliefs. These beliefs when put into action have formed the promises that we make and live by every day. Porte has a fully integrated team of over 50 staff across BC and Alberta. From ground up development and construction, project sales, asset and property management, and arranging financing of completed assets, Porte’s team is fully capable of providing scale and operational efficiencies. Porte was founded in 1968 and has developed, managed, and operated over 3500 residential units and 1.2M square feet of commercial space.

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General Partner Type

OG

These General Partners have 10+ years of experience and/or have owned and operated real estate in excess of $80M+ in asset value. These partners are seasoned in the industry and have a track record of successfully managing large-scale real estate projects (Learn more).

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