2226 Westmount Rd NW - Apartments FOR SALE


Calgary, AB T2N 3N4- North Hill/Downtown/Beltline
$2,190,000 CAD
825-252-5861
2226 Westmount Rd NW, Calgary, AB for Sale
$2,190,000 CAD
Apartments - FOR SALE
1/14
null | 4.22% Cap Rate

2226 Westmount Rd NW
Calgary, AB T2N 3N4
North Hill/Downtown/Beltline


HIGHLIGHTS

  • Modern energy-efficient 5-plex built in 2022 • Prime West Hillhurst location • Five residential units with strong rental flexibility •
  • Rooftop solar panels and R30+ insulation • Hydronic radiant and hi-velocity heating systems • Spray foam insulated flat roof construction •
  • Six underground parking stalls included • One storage unit per apartment • In-suite laundry and full appliance packages • Individual hot water tanks

OVERVIEW

SUBJECT PROPERTY The site is a rectangular-shaped lot that is 4,436 square feet, located on Westmount Drive and backs onto Kensington Road and is located between 21 Street NW and 22 Street NW. The building includes a single-family three-storey style unit with 3 floors of living space totalling 2,483 square feet. There are also 4 apartment condominium units at the rear of the property; 2-one bedroom units that are 519 and 555 square feet and 2 two-bedroom units that are 693 and 695 square feet. The site also includes a 3,042 square foot underground parkade with 6 parking stalls and storage lockers. There is a shared deck area between the larger single-family semi-detached unit and the smaller apartment-style units and a raised wooden deck for the upper apartment units. Finishings are consistent with market expectations for high-end inner-city properties. The property also has a mix of in-floor heating and high-velocity forced air. The property also has upgrades such as double-thick exterior walls allowing for increased sound and heat insulation.

FOR SALE DETAILS

PRICE

$2,190,000 CAD

PRICE/SF

$415 CAD /SF

# OF UNITS

5

PRICE/UNIT

$438,000

CAP RATE

4.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,434 SF

ZONING

M-C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

825-252-5861

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825-252-5861

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