1812 26th Ave SW - Apartments FOR SALE


Calgary, AB T2T 1E1- Suburban South
$3,200,000 CAD
403-404-6591
1812 26th Ave SW, Calgary, AB for Sale
$3,200,000 CAD
Apartments - FOR SALE
1/11
null | 5.44% Cap Rate

1812 26th Ave SW
Calgary, AB T2T 1E1
Suburban South


OVERVIEW

Jennifer Apartments presents a compelling value-add investment opportunity in Calgary’s highly desirable Bankview community, one of the city’s most established inner-city neighbourhoods. Built in 1956, this 22-unit apartment building sits on an 11,934 SF site and offers a suite mix of 20 bachelor suites, 1 one-bedroom suite, and 1 non-conforming two-bedroom suite located in the lower level. The property is currently operating below market rents, presenting immediate upside for a new owner. The investment thesis centers on bringing in-place rents to market, activating ancillary revenue streams such as on-site coin-operated laundry and surface parking that are not currently being charged for, and unlocking the value of underutilized basement space. With straightforward operational upside and a location minutes from 17th Avenue SW, Marda Loop, and downtown Calgary, Jennifer Apartments offers an attractive entry point into one of Calgary’s strongest rental submarkets.

FOR SALE DETAILS

PRICE

$3,200,000 CAD

PRICE/SF

$148 CAD /SF

# OF UNITS

22

PRICE/UNIT

$145,455

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,934 SF

ZONING

M-C2

APN/PARCEL ID

081282006

ASK ABOUT THIS PROPERTY

Zohair SaleemNAI AdventMore Info
403-404-6591

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Zohair SaleemNAI AdventMore Info
403-404-6591

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