Imperia Condos | Downtown
NEARLY SOLD OUT!
VIEW AVAILABLE UNITS & PRICING
✅ Downtown Calgary @ 11 Ave Sw & 4 St SW, Calgary, AB
✅ From mid-$400s
✅ 2028 Closing
You Choose your Deposit Option:
✅ 5%, 10% or 20%
OVER $70,000 IN INCENTIVES:
✅$25,000 DISCOUNT on Parking ($25k+GST on 2 Beds only)
✅ RENTAL GUARANTEE for 2 Yrs
✅ FREE Property Management for 2 YRs (up to $7,500 value)
✅ FREE Rental Services for 2YRs (up to $9,000 value)
✅ FREE Condo Fees for 2Yrs
✅ FREE Locker ($5,000 value)
✅ FREE Unit Upgrades ($20k value)
✅ FREE Assignment ($10k value)
✅ FREE Air Conditioning
✅ FREE S/S Appliances
✅ FREE Washer/Drier
✅ FREE Window Coverings
By TRUMAN HOMES, Calgary's most reputable builder
27 Storeys | 273 Units
1 & 2 Bedroom Units
Concrete Build
11 On-Site Amenities
84/100 Transit Score
88/100 Bike Score
Calgary's vibrant energy and endless possibilities are right at your doorstep. Imperia's prime location on the South East corner of 11th Avenue and 4th Street SW offers easy access to the city's largest employers, most exclusive restaurants and best entertainment.
Central Memorial Park: Across the street
IBM Innovation Hub: 3 min walk
Downtown Commercial Core: 5 min walk
Core Shopping Centre: 5 min walk
LRT: 10 min walk
Calgary Tower: 10 min walk
Saddledome: 12 min walk
University of Calgary (DT Campus): 14 min walk
Telus Headquarters: 14 min walk
FLOOR PLANS
EXPECTED VIEWS (Floor 20)
RENDERINGS
WHY IMPERIA
Downtown Calgary is underdoing a revitalization attracting money and people back to the core. There have only been 5 buildings to launch in downtown Calgary in the last 5 years!! It is underbuilt based on urban demands and a younger generation that wants to live in the “heart of it all”.
Calgary’s Iconic Saddledome to be Demolished!
Another incredible announcement for Calgary - an agreement to replace the aging Saddledome with a new Culture & Entertainment District has just been announced. The project is expected to cost $1.22 billion and span over two city blocks!
PROJECT TO INCLUDE:
• a new home for the Calgary Flames
• a community arena
• lots of other infrastructure as part of the Rivers District masterplan
WHY IS THIS NEEDED?
The Saddledome broke ground in 1981 and was built for use in the '88 Olympics, and it is the oldest active NHL arena that has not been significantly renovated. Calgary needs a modern facility to attract "A" class events like venues like other major cities do.
YOUR OPPORTUNITY:
How can you capitalize on this MASSIVE investment in downtown Calgary? Follow the money and invest close by - Imperia Condos will be a quick 15 minute walk to the new event grounds.
Calgary Converts 5 More Office Towers to Residential
Calgary has just approved the conversion of five new downtown office towers into residential housing as part of the Downtown Development Incentive Programs. This program encourages the conversion of underused office space into residential units and incentivizes the demolition of end-of-life office buildings. It aims to remove six million square feet of office space from the downtown area by 2031, create a more diverse and vibrant downtown, and address commercial oversupply. They support the repurposing of office space and the removal of unsuitable buildings to create a dynamic and resilient downtown.
Now I know you're going to say - isn't this going to flood the market with residential units? No, in fact, this is a very good thing from my perspective - this represents just 530 units and the benefits it will bring will far outweigh the extra supply: removing 500,000sf from the struggling commercial office sector, bringing over 500 new people to live downtown, more amenities, improvement to public spaces, more vibrant and active streetscapes, which will attract more businesses, and improve nightlife and entertainment which will attract more people which will then continue the cycle.
There have been very few pre-construction condo launches in downtown Calgary over the last 5 years and the last project like Imperia was Gallery Condos which sold out in 10 days in September 2022. If you are interested, you need to move quickly.
Reserve a Unit today to be first in line.
FREQUENTLY ASKED QUESTIONS
Q: HOW MUCH DO UNITS COST?
A: Units will start at:
SIGNATURE: 1 Bed / 1 Bath: $429,900 + GST
EXECUTIVE: 2 Bed / 2 Bath: $529,900 + GST
PRESIDENTIAL: 2 Bed / 2 Bath: $594,900 + GST
Insider Tips:
There is a premium for each floor you go higher in the building which is typically $2,000+GST. This means the top floors will be the most expensive but will give the best views of downtown Calgary.
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.
Units will be available on a first come, first serve basis so don’t wait.
Click here to reserve a unit now.
Q: HOW MUCH IS THE DEPOSIT?
A: The down-payment is 10% spread over 365 days. Here is the deposit strucutre with an example for a $550,000 purchase price:
AT SIGNING = $10,000
REMAINDER TO 5% IN 60 DAYS = $17,500
2.5% IN 180 DAYS (6 MONTHS) = $13,750
2.5% IN 365 DAYS (1 YEAR) = $13,750
TOTAL DEPOSIT: $55,0000
Q: WHAT INCENTIVES DO I GET?
A: Imperia has one of the best incentive packages worth over $70,000! All of my buyers get:"
$25,000 DISCOUNT on Parking
RENT GUARANTEE for 2 YRs @ 5.25% of Pre-GST Unit Price
FREE Property Management for 2 YRs ($4k value)
FREE Rental Services for 2YRs
FREE Condo Fees for 2YRs (up to a $10,000 value)
FREE Locker ($5,000 value)
FREE Unit Upgrades ($20k value)
FREE Assignment ($10k value)
FREE Air Conditioning
FREE S/S Appliances & Washer/Dryer
FREE Window Coverings
Q: HOW DOES THE RENTAL GUARANTEE WORK?
The Rental Guarantee is for 2 years starting at closing. The rental rate is based on 5% of the Unit price including GST - here are some examples:
– SIGNATURE (1 bed, 1 Bath): Up to $2091/mo
– EXECUTIVE (2 bed, 2 Bath): Up to $2,625/mo
– PRESIDENTIAL (2 Bed, 2 Bath): Up to $2,773
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 2028, you can opt out of the program with at least 90 days notice before closing.
Q: WHEN IS THE EXPECTED COMPLETION DATE?
A: Imperia is expected to close in 2028 - this is the farthest completion 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 for AT LEAST one year 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 with high-end appliances and finishings:
Fisher & Paykel 36” Refrigerator (Built-in)
Fisher & Paykel 30” Gasd Range & Cooktop
Fisher & Paykel 24” Dishwasher (Built-in)
Whirlpool Front-Load Washer & Dryer
Elica 28” RangeHood
Stainless Steel Undermount Sink
Quartz Counters & Backsplash
Q: How Much Are the Condo Fees?
A: Condo fees are estimated at $0.53/sf and cover all utilities except for electricity which is metered separately. Here are estimated fees for each unit type:
SIGNATURE: $254/mo
EXECUTIVE: $386/mo
PRESIDENTIAL: $471/mo
Q: How Much Is Parking?
Q: If you invest with me, you will receive a $25,000 discount on parking and parking will only cost $25,000 (parking spaces in downtown regularly cost $50,000 and over $120,000 in Toronto!) Because this is a downtown location, parking is limited to 2 Bedroom units. Parking is legally titled to units and assigned by the builder, parking spots cannot be requested.
Q: How Much Is A Locker?
A: Locker are included FREE with every unit.
Q. What Amenities Does the Building Have?
A: Imperia has 11 on-site amenities including:
2 Storey Lobby
Gym & Yoga Studio
Rooftop BBQ & Patio
Rooftop Bocce Court
Rooftop Putting Green
Rooftop Outdoor Pet Area
Rooftop Community Garden
Owner’s Lounge & Theatre Room
Rooftop Lounge & Billiards room
Bike Storage & Workshop
Pet Grooming & Wash Station
Q: How Do I Reserve A Unit?
A: Units can be reserved on a first come, first serve basis. 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!
