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$ 7,800,000
Est. payment | /mo
17,976 SqFt
$ 7,800,000
Est. payment | /mo
17,976 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 17976
Square Footage 17,976 sqft
Price per Sqft $433
Subdivision Albert Park/Radisson Heights
MLS® Listing ID A2294230
Year Built 2026
Lot Size 10,484 Sqft
Acres 0.24068063
Property Sub-Type Freehold
Property Description
Welcome To An Exceptional New Construction 22-Unit Purpose-Built Rental Development Located In The Evolving Inner-City Community Of Radisson Heights. Situated At 2822 & 2828 11 Avenue SE, This Thoughtfully Designed Multi-Family Asset Presents A Rare Opportunity To Acquire A Modern, Income-Generating Property In A High-Demand Rental Corridor Just Minutes From Downtown Calgary. Scheduled For Completion In Summer 2026, The Project Features A Well-Balanced Unit Mix Tailored To Today's Rental Market, Including A Selection Of One-, Two-, And Three-Bedroom Suites. The Development Comprises Four Wood-Frame Residential Buildings, Complemented By Two Detached Garages, Offering A Total Of 12 Parking Stalls. Each Suite Has Been Designed With Durability, Efficiency, And Long-Term Operational Performance In Mind, Featuring Luxury Vinyl Plank Flooring, Quartz Countertops, Stainless Steel Appliances, And 9-Foot High Ceilings. All Units Include In-Suite Laundry, While Main Floor Suites Offer Private Balconies, Enhancing Livability And Tenant Retention. The Property Incorporates A Dedicated Affordability Component, With 6 Units (Approximately 25–27%) Designated As Affordable Housing, Aligning With CMHC MLI Select Program Objectives And Supporting Stable Occupancy And Long-Term Income Consistency. Strategically Located, The Property Benefits From Proximity To A Wide Range Of Amenities, Including Schools, Shopping Centers, Places Of Worship, And Public Transit, Including LRT Access. Residents Will Also Enjoy Convenient Connectivity To Downtown Calgary, Along With Potential City Skyline And Mountain Views, Further Enhancing The Property's Overall Appeal. [Energy Efficiency And Sustainability Features To Be Detailed – Designed With Consideration For Modern Building Performance Standards And Long-Term Operational Efficiency.] Radisson Heights Continues To Experience Ongoing Revitalization And Strengthening Rental Demand Fundamentals, Making This An Ideal Location For Long-Term Investment. The Combination Of New Construction, Efficient Building Design, And A Diversified Unit Mix Positions The Asset To Perform Well Under Evolving Market Conditions While Supporting Sustainable Income Growth Over Time. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 12
Garage Yes
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage METRO
Nearby Locations
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