Property Details

1236 17 Avenue NW
Calgary (A2311508)

$3,150,000
5,476 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Welcome to 1236 17 Avenue NW, a rare opportunity to acquire a brand new, purpose built four plex with 4 fully legal basement suites, totalling 8 self contained units in one of Calgary's most strategically located inner city communities. This is not just a property, this is a fully built, turnkey cash flow machine sitting directly opposite SAIT Polytechnic on the high visibility 16th Avenue NW corridor, where tenant demand is as strong and consistent as anywhere in the city. The location is simply unmatched. Situated in Capitol Hill, you are literally steps from SAIT Polytechnic , one of Canada's largest post secondary institutions with over 40,000 students and staff actively seeking quality housing. Add close proximity to the University of Calgary, Foothills Medical Centre, you have a virtually inexhaustible pipeline of high quality tenants- students, healthcare professionals, faculty, and downtown professionals. With downtown Calgary just 12 minutes away, the Jubilee C Train station nearby, and 16th Avenue providing direct arterial access across the city, this location commands premium rents and near zero vacancy year round. The property delivers approx 5500 sq.ft. of above grade living space across 4 beautifully designed two storey townhome style units, each complemented by a fully legal 530 sq.ft. basement suite with its own private entrance. The 4 upper units each offer an open concept main floor with modern kitchen, living and dining areas plus a second floor of with spacious bedrooms and full bathrooms. The 4 legal basement suites each provide 530 sq.ft of bright, efficiently designed living space with fully private, separate entrances. The property also includes a detached 4 car garage plus dedicated mobility storage. From an investment standpoint, Capitol Hill's rental market is driven by persistent post secondary demand, near zero vacancy, Calgary's no-rent-control environment, and continued inner-city intensification. With 8 fully legal, rentable doors in a market where quality supply is chronically constrained, this property is positioned to deliver strong, stable cash flow. This property also qualifies for CMHC MLI Select financing, offering potential access to 95% LTV, 50 year amortization, and significantly enhanced leverage, subject to lender and CMHC approval. Opportunities like this fully built, fully legal, 8 units, steps from SAIT do not come available often. Contact us today and arrange a private showing before this one is gone.

Property details

Basic Info

MLS® #
A2311508
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Capitol Hill
Price
$3,150,000
Sale/Lease:
For Sale
Size:
5,476 sq.ft.
Year Built:
2025 (1 years old)

Building Info

New Construction:
Yes
Structure Type:
Four Plex
Garage:
Yes
Parking:
Quad or More Detached
Fence:
Basement:
No
Features:
Granite Counters, Kitchen Island, Open Floorplan, Pantry, Separate Entrance, Tankless Hot Water, Vinyl Windows
Inclusions:
Fridgex8, Stovex8, Microwavex8, Washerx4, Dryerx4, Washer and Dryer Combox4
Furnished:
Unfurnished
Laundry:
In Unit

Neighborhood Info

Nearby Amenities:
Schools Nearby, Shopping Nearby

Lot / Land Info

Lot Size:
0 acres
Lot Features:
Private
Zoning:
RCG

Materials & Systems

Roof:
Shingle
Foundation:
Poured Concrete
Amenities:
Schools Nearby, Shopping Nearby

Listing Info

Possession:
Negotiable
Days on Market:
45
Your Realtor
  • Yuri Smith

    Grassroots Realty Group Ltd.
    587-777-7276

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