227 31 Av NE - Apartments FOR SALE


Calgary, AB T2E 2G1- Suburban North
$3,000,000 CAD
403-291-4440

NO PHOTO

$3,000,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

227 31 Av NE
Calgary, AB T2E 2G1
Suburban North


HIGHLIGHTS

  • Rare inner-city redevelopment opportunity on a 50' x 120' RC-G lot with an approved Development Permit.
  • Exceptional accessibility with quick connections to Downtown Calgary, Centre Street, Edmonton Trail, and the popular Bridgeland community.
  • Surrounded by strong builder demand and active infill development, ensuring long-term value growth in a high-demand urban corridor.
  • Close to schools, parks, grocery stores, and public transportation, making it an attractive location for future multi-unit residential projects.

OVERVIEW

New Construction 4-Plex | 4 Legal Suites | Inner-City Multifamily Investment Opportunity Investment Type: Residential Multifamily (4 Units) Asset Class: Low-Rise / Infill Multifamily Ownership: Fee Simple 227 31 Avenue NE presents a newly constructed fourplex consisting of four fully self-contained legal suites in a strong inner-city rental corridor of Calgary. This purpose-built multifamily asset offers investors stable income potential with long-term appreciation upside. Property Overview Each unit features: • Open-concept living and dining layouts • Modern kitchens with stone countertops and quality cabinetry • Stainless steel appliance packages • In-suite laundry • Separate entrances • Durable, low-maintenance finishes • High-efficiency mechanical systems The property is designed to minimize operational costs while maximizing rental appeal. Contemporary exterior finishes and professional construction provide long-term durability and strong curb appeal. Investment Highlights • Brand new construction • 4 legal rental suites • Strong rental demand location • Turnkey, income-producing asset • Suitable for conventional or CMHC-insured financing • Ideal for long-term hold investors Location Located in Calgary’s established northeast inner-city corridor, the property provides quick access to: • Downtown Calgary • Major transportation routes • Public transit • Retail and employment hubs • Schools and community amenities The surrounding area continues to see steady redevelopment and intensification, supporting long-term value growth. ? This offering presents a rare opportunity to acquire a new-construction 4-unit residential asset in a supply-constrained inner-city market.

FOR SALE DETAILS

PRICE

$3,000,000 CAD

PRICE/SF

$536 CAD /SF

# OF UNITS

8

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 units Multifamily FOR SALE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Diksha DhawanCIR RealtyMore Info
403-291-4440

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Diksha DhawanCIR RealtyMore Info
403-291-4440

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