Lockwood Chelsea Condos & Towns is a new condo and townhouse project by Truman and is currently in pre-construction. The new project will be located at Chestermere Boulevard & Merganser Drive West in Chestermere Calgary. The major intersection is Chestermere Boulevard & 16th Street Northeast. Chelsea will be a 316 acre master planned community on the westerly edge of the City of Chestermere. There will be over 5,400 residents coming to this beautiful area.

Lockwood at Chelsea will consist of 

4 buildings - 4 storeys and a total of 296 mixed condo units. Condo units will be a mix of 40 two bedroom, 192 two bedroom plus den and 64 three bedroom layout.

Also 8 blocks of townhomes, 3 storeys with 2 car garage a total of 36 townhomes. Town units will three bedroom units with optional four bedroom and 2.5 bath with about 1,570 square feet. Units will range from about 600 square feet to about 1,200 square feet.

The estimated completion date for Lockwood Condos is still unknown.

Why Calgary

Click Here to see why you should seriously consider investing in Calgary

 

LOCATION

A 20 minute drive from downtown Calgary, well positioned and accessible to many regional destinations, Chelsea is a 316 acre master planned community on the westerly edge of the City of Chestermere. At completion, it will be home to over 5,400 residents in a variety of housing types near schools, parks, neighbourhood shopping, pathways and an eco-park.

Experience an amenity-rich building, community and lifestyle at Lockwood. You'll have quick access to parks, pathways, transit options, groceries & services, plus you're just minutes away from the Downtown core.

Positive cashflow on ALL UNITS

2 year FREE property management services

2 year rental guarantee 

Buy with as little as 10% down

Down payment deposit structure incentives

2025 completion

No HST

$0 Assignment Fee

No Development charges

No Land Transfer Tax

If you missed out in Harlow Condos ( all 4 buildings Sold in 48 hours) or Skyview Condos (All 3 Buildings sold in one week) Here is Another amazing opportunity at Lockwood Chelsea Condos Coming to Chestermere ( The Oakville of Calgary with higher resale prices & limited inventory), Great opportunity to invest with ONLY 10% deposit with the Best builder in Alberta when they offer 2 years hassle free rental guaranteed with positive cash-flow to all units .

Truman is Calgary’s most exceptional builder, building the BEST homes, towns, and condos. Truman is an award winner of the Buyers Choice Award and is rated the highest among purchasers for customer satisfaction. They have been in the business of building properties for over 35 years. Truman is known for their exceptional quality and distinguished craftsmanship all over Calgary. Feel good about working with this builder as Truman can truly get you everything you deserve to live better!

SITE PLAN

 

2BED 1 BATH 674 SQFT

3 BED 2 BATH 896 SQFT

 

FLOOR PLANS

Click Here for Floor Plans

 

 

 

THE BUILDINGS

• Built by multiple Customer Choice Award Winner for highest customer satisfaction, Truman

• Peace of mind provided through our comprehensive warranty program: 1 Year on Workmanship & Materials, 2 Year Warranty of Delivery & Distribution Systems, 5 Year Building Envelope Coverage, and a 10 Year Structural Warranty.

• Energy efficient design including mechanical and distribution systems

• Comprehensive coverage including deposit payments are protected by the Alberta New Home Warranty Program

• Maintenance free exteriors featuring private decks, patios and professionally designed and irrigated grounds

• Built-in smoke/heat detectors and in-suite water sprinkler system • Individual suite utility metering for maximum energy savings, coupled with individual thermostat for temperature control • Painted, secured, and heated underground parkade with secured storage areas • Enter phone and security monitoring system at lobby

THE SUITES

• Beautifully appointed interiors by our award-winning interior design team with a choice of 2 timeless interior colour schemes; L.A. and N.Y.

• Approximate ±9ft ceilings throughout suite (excluding dropped areas required for mechanical, plumbing and/or electrical)

• Energy efficient windows and oversize doors/patio sliders (as per plan)

• Custom designed solid core entry door with security view-hole and custom printed address plate, accented by individual suite lighting fixture at entrance

• A choice of two high quality luxury vinyl plank flooring with acoustic underlay throughout all living areas, LVT in bath and laundry areas

• In-suite technology featuring integrated wiring panel

• Smart Plug USB plug jack connection, and TV / Telephone connections in principal area

• Convenient and ultra-quiet in-suite Energy Star® front-load stacking washer and dryer centre, vented to the exterior with quick water shut off valve

• Brilliant lighting with our hand-picked energy efficient contemporary light fixtures throughout

• Elle designer window treatment package for all windows • Smooth panel doors with levered anti scuff and scratch Taymor® door hardware throughout

• Modern sleek line profiled painted baseboards, door frames and casings • Ample closet and storage shelving (as per plan)

THE BATHROOMS

Polished hard surface quartz eased edge countertops

• Modern square edge tubs with sloping lumbar support accented by contemporary tiles, creating a luxe spa atmosphere Innovative TRUspace™ integrated storage cabinetry

• TRUspace™ vanity design with maximum storage in mind

• Chrome plumbing fixtures with porcelain sink

• Sterling porcelain toilet

• Matching bathroom hardware and accessories

• Environmentally conscious WaterSense® fixtures, shower heads, and toilets

• Safety and pressure-balancing mixing valves for tub and showe

 

THE KITCHENS

Award winning kitchen cabinetry design by A.B. Cushing Mills with a choice of two colour palettes

• Floor to ceiling ergonomic TRUspace™ contemporary kitchen cabinetry featuring premium finishes, accented by soft close door and drawer hardware and integrated storage

• Polished hard surface quartz eased edge countertops

• Undermount stainless steel sink with industrial high arc single lever pull out faucet

• Contemporary imported off ceramic brick tile with custom set full height kitchen backsplashes

• Gleaming Foundry™ custom made door hardware

• Energy saving Whirlpool® stainless steel appliance package including fridge, dishwasher, microwave with integrated hood fan, and slide-in electric range • Deep drawer for pots and pan.

 

 

FREQUENTLY ASKED QUESTIONS

 

I want to purchase a unit, what are the next steps?
If you are interested, please fill out the worksheet.

How is the contract sent?
The contract will be sent via DocuSign. Clients have a maximum of 12 hours to sign the purchase agreement to begin the 10-day cool off period. If the client does not sign within 12 hours from when the contract is sent, it will automatically expire at that time.

How long do I have to decide after singing the contract?
We provide a 10-day cooling off period. Anytime within and up to the 10th day, if you wish to cancel your offer you can, with any monies received by the developer being refundable back to you.

How is the deposit paid?
You can deliver the deposit by bank draft to a local branch BMO brank and you may wire transfer the deposit funds, the wire instructions to do this will be provided when a purchase agreement is signed.
NOTE: If a deposit is NOT received within one business day of signing the purchase agreement, it will automatically expire at that time.

What is the deposit amount needed, when is it needed?
1st Deposit: $20,000
2nd Deposit: Balance of 10% of purchase price in 90 days from contract date

What are my condo fees?
$260–$275/month - includes heat, water, natural gas, amenities

When is possession?
Estimated closing date will be between 2nd Quarter 2024 – 1st Quarter 2025

Do I have to provide a mortgage approval?
Yes, and can be provided from a mortgage broker or any major Canadian financial institution.

Am I allowed to assign my purchase?
Yes, assignments are permitted. However, the purchaser is responsible for any legal cost associated with the assignment estimated to be $700 – $1,000.
Investor Opportunities - Frequently Asked Questions

Do I need a lawyer in Alberta to buy a property in Alberta?
Yes, to do land title registration, the lawyer who processes the closing documents needs to be in Alberta. You can sign your closing documents from the comfort of your own home. Since the start of Covid-19, lawyers in Alberta can sign closing documents via zoom, and then you can courier them back to your lawyer in Alberta.

How does closing work when I am not there?
On closing day, designate your selected property manager permission to attend the closing day walk through, identify any deficiencies and sign the warranty letter of possession on your behalf.

What are the closing costs in Alberta on a new condo?
Your total closing cost will be around $1,350.00 dollars for a legal representative to convey your purchase in Alberta. They do not need to be physically located in Alberta but must be licensed to practice in Alberta. We have also partnered with Kahane Law to provide you unmatched service and unbeatable rates in Calgary should you want to use a local representative.

What additional closing costs can I expect?
One big advantage in Alberta is that there is no land transfer tax or sales tax. Your purchase price does not include GST, unless otherwise noted.

Are there any hidden fees on closing?
No. There are no hidden costs such as levies or transfer taxes. There are no hidden costs such as levies or transfer taxes.

Do you offer electronic signing?
Yes. All paperwork will provided through secured document signing app DocuSign, DotLoop or NexOne.

*Some restrictions may apply. Please speak to a representative for more details. Prices, incentives and specifications are subject to change without notice E. & O.E.

 

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Click here to submit Worksheet (purchaser info)

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or contact me

cell: 416-356-5613

email:realtor.imran@yahoo.com

for any questions

 

 

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