24,086 SqFt
24,086 SqFt
Key Details
Property Type Multi-Family
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 24086.4
Square Footage 24,086 sqft
Price per Sqft $518
Subdivision Hillhurst
MLS Listing ID A2330220
Style 2 Storey
Year Built 2021
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Row/Townhouse
Property Description
Exceptional 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 balconies
11 legal basement suites (one per townhome)
11 titled private garages
Built 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 offices,and institutional buyers seeking immediate cash flow,long-term appreciation,and attractive in-place financing.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning R-CG
Direction NW
Interior
Heating Boiler, High Efficiency, Natural Gas
Cooling Central Air
Inclusions 23 stoves, 23 refrigerators, 23 dishwashers, 23 washer/dryer sets, all window coverings, 12 air conditioning units, 11 garage door openers and controls
Fireplace No
Exterior
Parking Features Parkade
Garage Spaces 23.0
Roof Type Flat Torch Membrane
Porch Deck
Total Parking Spaces 23
Garage No
Building
Dwelling Type Other
Story Three Or More
Foundation Poured Concrete
Architectural Style 2 Storey
Level or Stories Three Or More
Others
Restrictions See Remarks
LOCATION AND NEARBY PROPERTIES
NEWLY LISTED IN THE CALGARY AREA
- New NW Single Family Homes HOT
- New NW Townhomes and Condos HOT
- New SW Single Family Homes HOT
- New SW Townhomes and Condos
- New Downtown Single Family Homes
- New Downtown Townhomes and Condos
- New East Side Single Family Homes
- New East Side Townhomes and Condos
- New Calgary Half Duplexes
- New Multi Family Investment Buildings
- New Calgary Area Acreages HOT
- Everything New in Cochrane
- Everything New in Airdrie
- Everything New in Canmore
- Everything Just Listed
- New Homes $100,000 to $400,000
- New Homes $400,000 to $1,000,000
- New Homes Over $1,000,000
HOMES FOR SALE IN NORTHWEST CALGARY
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
