April 01, 2019
The Matrix is loaded
Matrix in Mission offers easy, stylish way to homeownership
Unlike the one that Neo wanted to escape from, this Matrix is one where everyone will want to live in. And more admirably, can afford to own in.
Located in the vibrant, trendy inner-city community of Mission, the Matrix promises a stylish, active, recreationally-oriented urban lifestyle with its sleek, modern look and spacious, functional floor plans.
But even more appealing is the staggered down payment solution that its developers have devised to open a path for homebuyers with good credit ratings to achieve their homeownership dream.
Calvin Buss, president of Buss Marketing, which is leading the sales and marketing efforts for Matrix in Mission, tells Condo Living that coming up with the money for the down payment has always been the biggest roadblock for many young buyers looking to own their first home.
“That’s why we have come up with a new set of down payment and mortgage incentives at the Matrix in Mission,” he says. “If you have a good credit rating, our bank can lend you the five per cent deposit with zero dollars up front and payments spread over 24 month,” he says.
“And to protect buyers from mortgage rate rises, the Matrix is arranging 24-and 36-month interest rate holds to all buyers. Interest-only mortgages are also available, offering 37 per cent reductions in monthly mortgage payment. I don’t think anything like this has been offered in the inner-city before, it’s an exclusive deal you can only get at Matrix in Mission right now.”
Matrix is a $25 million, five-storey, 67-unit condominium project in the heart of Calgary’s historic Mission neighbourhood. It’s the latest development headed by Harold Sicherman, who has a 20-year track record of development in Mission.
Matrix in Mission is actually a follow up to his very successful — and all but sold-out — The District condos. “It’s right across the road from Matrix, and we’re confident that people will see in this new development the same appealing characteristics and features that had made The District so successful,” Buss says.
Buss says their own market research pointed out what buyers want and Matrix is designed to meet those aspirations. “Condo buyers in the inner-city want a walkable lifestyle, to have a sense of living in the community. And Mission offers that in spades.”
Matrix will go up just off the juncture of 4th Street and 17th Avenue S.W. — two of Calgary’s most popular main streets. The address at 320 – 19 Avenue Southwest is prime for mixing lifestyle and convenience, boasting a walk score of 96 and a bike score of 100. Residents in Mission can walk to an average of 18 coffee shops, bars and restaurants in just five minutes.
“We’re also just a few blocks away from the Repsol Sports Centre, river pathways and bike lanes, which fits those with active lifestyles,” Buss says. “We don’t need to build those gyms and weight rooms in the building, because they are readily available in the neighbourhood, and which ultimately saves residents tons in condo fees.”
He also points out that plenty of their buyers have been women. “Women love Mission, the buyers I’ve spoken with say they feel they totally safe in this community, and that they are able to take their dogs for a walk without having to worry about their safety. Matrix, of course, is a pet-friendly building.”
The upscale level of finish Matrix itself offers is another feature buyers are excited about, as Buss says these features are not normally seen in this price range. Twelve of the units are listed under the $299,990 mark, making them particularly attractive for first-time buyers who desire inner city living. The top floor is designed to have a penthouse feel, with those units
topping out at $471,350.
“And with the financing we offer, it makes it relatively cheaper to own than to rent a similar unit in the inner-city.”
Matrix offers five floor plans, with one-bedroom, one-bedroom plus den, and two-bedroom units ranging from 612 to 868 square-feet. Each home has been designed with thought to providing intelligent space, highlighted by nine foot ceilings.
“The city views you get from this vantage point are simply amazing,” Buss says.
Sales began last month and interest has been very high. “We are on the part of Mission that was not affected by overland flooding in 2013,” he points out. “The developers, particularly Harold Sicherman, have plenty of experience building in Mission and are prepared for all of the contingencies and challenges of building this near to the river, which allows them to meet construction deadlines and keep costs down.”
Project: Matrix in Mission
Developer: Mission 19 Ltd and Gravity Architecture
Style: One-bedroom, one-bedroom plus den, and two-bedroom apartment condos
Size: From 612 to 868 sq. ft.
Price: Starting from below $300,000s
Address: 320 – 19 Avenue S.W.
Sales Centre: 117 – 17 Avenue S.E.