1224 20 Av NW - Apartments FOR SALE


Calgary, AB T2M 1G1- Suburban North
$4,250,000 CAD
403-861-5656
1224 20 Av NW, Calgary, AB for Sale
$4,250,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1224 20 Av NW
Calgary, AB T2M 1G1
Suburban North


OVERVIEW

Premium 10-Unit Multifamily Investment – Fully Rented | Assumable Mortgage | Inner-City Capitol HillExceptional opportunity to acquire a 10-unit purpose-built multifamily property in the highly sought-after inner-city community of Capitol Hill. This quality-built asset showcases high-end finishings throughout and was constructed by a reputable builder, offering long-term durability and strong tenant appeal.The property features 5 upper units and 5 fully legal suites below, all fully rented with zero vacancy, providing immediate income from day one. The upper units are thoughtfully designed as 3-storey layouts, each offering 3 bedrooms, 2.5 bathrooms, open-concept living spaces, private primary retreats, and private patios. All upper units are equipped with central air conditioning, further enhancing tenant comfort and desirability. Each of the 10 units includes in-suite laundry, providing convenience and independence for tenants. The property also benefits from an assumable mortgage with CMHC MLI Select financing already in place, offering favorable financing options for qualified buyers. Additional highlights include 5 rear parking stalls, professional landscaping, and a fully turnkey operation with professional property management in place, making this an ideal low-maintenance investment. Ideally located with quick access to downtown, and close to amenities, shopping, transit, and excellent schools, this property is well-positioned for long-term rental demand. (31890928)

FOR SALE DETAILS

PRICE

$4,250,000 CAD

PRICE/SF

$454 CAD /SF

# OF UNITS

10

PRICE/UNIT

$425,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,250 SF

ZONING

H-GO

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adil ThobaniThe Real Estate DistrictMore Info
403-861-5656

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Adil ThobaniThe Real Estate DistrictMore Info
403-861-5656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.