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$2,499,000
Est. payment /mo
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $312
Subdivision Crescent Heights
MLS Listing ID A2348121
Year Built 1979
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multi Family
Property Description
INVESTMENT OPPORTUNITY — 5.80% CAP RATE | 10-UNIT CONCRETE APARTMENT BUILDING,CRESCENT HEIGHTS
Rare opportunity to acquire a stabilized,income-producing multifamily asset in one of Calgary's most established inner-city locations. This four-storey concrete-constructed building offers the durability,lower insurance profile,and long-term hold quality serious investors look for — concrete buildings of this size and location seldom come to market.
The numbers: Offered at $2,499,000 ($249,900/unit). Gross scheduled income of $192,660 with a 2026 NOI of $144,898,delivering a 5.80% capitalization rate at asking price.
The asset: 10 suites with an excellent,rent-friendly mix — six 1-bedroom,two 2-bedroom,and two 3-bedroom suites (16 bedrooms total) — a configuration that supports strong occupancy across market cycles. The building sits on a 50' × 125' lot zoned M-C2 in Crescent Heights,minutes to downtown,Bridgeland,and the Bow River pathway system. Includes 10 surface parking stalls and 10 tenant storage lockers. Professionally managed,with financial statements and rent roll available to qualified buyers upon request.
Well-located,well-built,and priced at a cap rate that stands out in the current Calgary multifamily market. This is a long-term hold asset for an investor seeking stable inner-city income with a concrete building's peace of mind.
Rare opportunity to acquire a stabilized,income-producing multifamily asset in one of Calgary's most established inner-city locations. This four-storey concrete-constructed building offers the durability,lower insurance profile,and long-term hold quality serious investors look for — concrete buildings of this size and location seldom come to market.
The numbers: Offered at $2,499,000 ($249,900/unit). Gross scheduled income of $192,660 with a 2026 NOI of $144,898,delivering a 5.80% capitalization rate at asking price.
The asset: 10 suites with an excellent,rent-friendly mix — six 1-bedroom,two 2-bedroom,and two 3-bedroom suites (16 bedrooms total) — a configuration that supports strong occupancy across market cycles. The building sits on a 50' × 125' lot zoned M-C2 in Crescent Heights,minutes to downtown,Bridgeland,and the Bow River pathway system. Includes 10 surface parking stalls and 10 tenant storage lockers. Professionally managed,with financial statements and rent roll available to qualified buyers upon request.
Well-located,well-built,and priced at a cap rate that stands out in the current Calgary multifamily market. This is a long-term hold asset for an investor seeking stable inner-city income with a concrete building's peace of mind.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-C2
Direction NE
Interior
Heating Boiler, Natural Gas
Cooling None
Inclusions 10 refrigerators, 10 electric stoves, 10 hood fans, 2 washing machines, and 2 dryers.
Fireplace No
Exterior
Roof Type Asphalt Shingle,Membrane
Total Parking Spaces 10
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Piling(s), Poured Concrete
Others
Restrictions None Known
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Listed by RE/MAX Complete Realty
NEARBY SCHOOL & BUSINESS
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