Suite 500, 209 8th Avenue SW
Calgary, Alberta, T2P 1B8

Email Us
Please feel free to send us a message at

Contact Us

Your message was sent successfully. Thanks.


About Us

Why Medivest?

In Calgary, more than 95% of medical office space is leased. Unless you are one of the few medical and health services practitioners who have chosen the benefits of investing in their own office space, your hands are tied when it comes to how your building is maintained and managed. You suffer the inconvenience of badly designed spaces just to be in a convenient location. You pay more to ensure secure parking for your patients and you lose money each time you make leasehold improvements to a building that you don’t own.

Once you make the leasehold improvements, and your lease term completes, your landlord raises your rent!

Most medical and healthcare practitioners are missing out on the benefits of owning their own office space: can you afford to be one of them?

There has never been a better time to purchase your own medical office condo. After 20 years of being a tenant, you will have nothing to show for all the money you have invested in your office space whereas, if you were to buy or mortgage the space, at the end of 20 years you would have equity, the benefit of the improvements you have made to the building, and the appreciation in land value. Despite market ups and downs, real estate is always worth something.

Your financial planner would recommend that you lease depreciating assets such as an automobile, and that you purchase appreciating assets like real estate.

Now is the time to get out of your leased office space! The chart below will explain why:

Medivest Professional Centre Inc. 2500 sq. ft. Purchase vs. Lease Scenario

Purchase Option (2nd Floor)

Base Building +
$50/sq.ft. Improvement
Square Feet 2500
Parking Stalls 15
Asset Cost Condo $425.00/sq.ft $1,062,500.00
Parking $35,000.00/stall $525,000.00
Total Condo and Parking Stall Cost $1,587,500.00
Add Improvement Costs ($50/sq.ft.) $125,000.00
Add Base Building Finishing @$5 per sq. ft. $12,500.00
Total Asset Cost $1,725,000.00
New First Mortgage (75%) $1,293,750.00
Cash to Close (25%) $431,250.00

Annual Servicing Costs

Mortgage Payment (4% 25yr Amort) $119,301.48
Parking Recovery Patients/Staff ($200/stall/month) $(36,000.00)
Annual Condo Fees at $11.00/sq.ft (Operating Cost) $27,500.00
Total Annual Carry Cost $110,801.48
Total Monthly Cost $9,233.46
Total Carrying cost per sq. ft. $44.32

Typical Lease

Leasing Expense $26.50 $66,250.00
Operating Expense $16.50 $41,250.00
Parking Expense $200.00 $36,000.00
Total Annual Expense $143,500.00
Total Annual Expense per sq. ft. $57.40

Purchase vs. Lease Comparison

Rent Reduces Mortgage over 5 Years (Principal Reduction) $167,490.30
Sales Price Appreciation @ 3.25% Annually for 5 years (17.34%) $299,115.00
Total Yield and Equity Gain – 5 Years $466,605.30
5 Year Equity Gain on Purchase $466,605.30
5 Year Equity Gain on Lease
After 5 Years Purchasing vs. Leasing Difference $466,605.30

Annual Cost to Own vs. Lease

Annual Cost to Own $110,801.48
Annual Cost to Lease $143,500.00
Annual Savings Advantage over Leasing $32,698.52
Annual Savings Advantage over Leasing as a Percent 30%

Owners enjoy 30% lower operating costs