24,086 SqFt
24,086 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 24,086 sqft
Price per Sqft $518
Subdivision Hillhurst
MLS® Listing ID A2330220
Style 2 Storey
Year Built 2021
Annual Tax Amount $62,176
Tax Year 2026
Lot Size 0.408 Acres
Acres 0.41
Property Sub-Type Row/Townhouse
Source Calgary
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 Calgary
Area Cal Zone Cc
Zoning R-CG
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
Exterior
Parking Features Parkade
Garage Spaces 23.0
Roof Type Flat Torch Membrane
Porch Deck
Total Parking Spaces 23
Building
Foundation Poured Concrete
Architectural Style 2 Storey
Level or Stories Three Or More
Others
Restrictions See Remarks
Tax ID 112212762
Ownership Private
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