Brand new 14-unit multifamily investment opportunity in southwest Calgary! Offering a versatile mix of suites, modern construction and investor-friendly design, this property is built for long-term rental appeal. The unit mix includes three 1-bedroom basement suites, three upper units featuring 3 bedrooms plus bonus rooms, four upper 2-bedroom units and four 2-bedroom basement suites. Each unit has its own mechanical room and separate utilities, offering efficient operation and individual utility management. All upper units feature air conditioning, while the property also includes 7 parking stalls and 4 storage lockers. Ideally located along Elbow Drive SW in an established southwest community, residents enjoy convenient access to shopping, restaurants, schools, public transit and major commuter routes. Chinook Centre and the surrounding commercial amenities are just a short drive away, making this a convenient location for a variety of tenants. An exceptional opportunity to acquire a brand-new multifamily asset with a diverse suite mix, modern systems and the added benefit of an assumable mortgage at a rate below current market offerings, subject to lender approval and applicable terms.
Essential information
MLS® number
A2354025
Status
Active
Price
$5,600,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Building area
10,872 sq ft
Lot size
9,127 sq ft
Year built
2026
Structure
Townhouse
Listing brokerage
CIR Realty
Source
Pillar 9™ MLS® System
Condominium
Restrictions
None Known
Exterior and construction
Zoning
H-GO
Parking
Total parking
7
Community
City
Calgary
Province
AB
Postal code
T2V1K1
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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30 photos$5,500,0003430 49 Avenue, Red Deer
