UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,444 sqft
Price per Sqft $568
Subdivision Shaganappi
MLS® Listing ID A2192046
Style 2 Storey,Attached-Up/Down
Originating Board Calgary
Year Built 2025
Tax Year 2024
Property Sub-Type Row/Townhouse
Property Description
Investors will appreciate the numerous benefits this opportunity presents. The large size units and prime location near downtown Calgary and major amenities ensure high demand and the potential for above-average rents. Situated on a generous 130ft lot, these townhomes boast a superior design that sets them apart from comparable developments in the area.
Low-maintenance Hardy board exteriors minimize upkeep costs, while high-efficiency HVAC systems contribute to energy savings and tenant comfort. The use of durable finishes throughout ensures long-term performance, making this an ideal addition to any investment portfolio.
Shaganappi's desirable inner-city location combines the best of urban living with the charm of an established neighborhood. Residents will enjoy easy access to 17th Avenue, downtown, parks, shopping, and entertainment, making these units highly attractive to potential tenants.
This purpose-built revenue property in one of Calgary's most sought-after neighborhoods represents a unique opportunity to invest in a high-quality, low-maintenance asset with strong income potential. The combination of prime location, thoughtful design, and modern amenities positions this development for long-term appreciation and steady rental income.
Don't miss this chance to secure your stake in Calgary's thriving real estate market. Contact Kam Dhillon today for more details and to explore how this exceptional investment opportunity can help you achieve your financial goals. With its prime location, superior construction, and strong rental potential, this Shaganappi development is poised to become a cornerstone of your real estate portfolio. Act now to be part of this exciting investment opportunity in one of Calgary's most desirable communities. Priced with a 5.30% CAPITALIZATION RATE on rents of $2850 ($2.10 sqft) for upper units, $1450 ($2.20sqft) for lower suites and 20% op costs for a net income of approx $164,000 per year.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning RCG
Rooms
Basement Separate/Exterior Entry, Full, Suite
Interior
Heating Forced Air, Natural Gas
Inclusions None
Exterior
Parking Features Alley Access, Quad or More Detached
Garage Spaces 4.0
Garage Description Alley Access, Quad or More Detached
Lot Frontage 50.0
Total Parking Spaces 4
Building
Story 2
Architectural Style 2 Storey, Attached-Up/Down
Level or Stories Two
New Construction Yes
Others
Restrictions None Known
Ownership Private
MORTGAGE CALCULATOR
MARKET SNAPSHOT
(APR 02, 2025 - MAY 02, 2025)
MARKET SNAPSHOT
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REVIEWS
- I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
Kiro Seremetkoski - Definitely will recommend to those who is looking for their new home.Jeric Salazar
- Erica Salazar
Our Team
1301 8th Street SW, Calgary, AB, Canada