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$ 12,499,999
Est. payment | /mo
24,086 SqFt
$ 12,499,999
Est. payment | /mo
24,086 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 24086
Square Footage 24,086 sqft
Price per Sqft $518
Subdivision Hillhurst
MLS® Listing ID A2330220
Year Built 2021
Lot Size 0.408 Acres
Acres 0.4084652
Property Sub-Type Freehold
Property Description
Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst LocationExceptional opportunity to acquire a high-performing, purpose-built multi-unit property in the heart of Hillhurst. Located just a few blocks from Kensington, Riley Park, SAIT, and with direct access to downtown Calgary, Urban Gardens offers long-term stability and strong tenant appeal in one of Calgary's most sought-after inner-city neighbourhoods.This thoughtfully designed development includes a total of 23 units:12 four-storey townhomes, each featuring:3 bedrooms (most with ensuite bathrooms)Private balconies11 legal basement suites (one per townhome)11 titled private garagesBuilt with tenant comfort in mind, the majority of the townhomes feature ensuite bathrooms for each bedroom, modern open-concept layouts, and private outdoor living spaces. The property is centered around a beautifully landscaped communal courtyard with a community garden, fostering a sense of community while enhancing curb appeal.Fully leased and generating positive cash flow, Urban Gardens offers investors immediate, stabilized income in one of Calgary's premier rental markets. Strong location fundamentals support both consistent occupancy and long-term appreciation, with residents enjoying walkable access to Kensington, SAIT, Riley Park, downtown Calgary, transit, shopping, restaurants, schools, and recreational amenities.A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%, maturing December 1, 2030 (subject to lender and CMHC approval). This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt, enhancing cash flow and reducing financing costs while acquiring a stabilized, income-producing asset.Rarely do stabilized, purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Urban Gardens represents an exceptional opportunity for private investors, family o ffices, and institutional buyers seeking immediate cash flow, long-term appreciation, and attractive in-place financing. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 23
Garage No
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by Royal LePage Solutions
Nearby Locations
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