JN REAL ESTATE GROUP

Capitol Hill

FOR SALE

$4,250,000

PURCHASE PRICE

1224 20 Avenue NW, Calgary · T2N 2K4

MULTI FAMILY · BUILT 2025

MLS A2300913 · 91 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Premium 10-Unit Multifamily Investment – Fully Rented | Assumable Mortgage | Inner-City Capitol Hill Exceptional opportunity to acquire a 10-unit purpose-built multifamily property in the highly sought-after inner-city community of Capitol Hill. This quality-built asset showcases high-end finishings throughout and was constructed by a reputable builder, offering long-term durability and strong tenant appeal. The property features 5 upper units and 5 fully legal suites below, all fully rented with zero vacancy, providing immediate income from day one. The upper units are thoughtfully designed as 3-storey layouts, each offering 3 bedrooms, 2.5 bathrooms, open-concept living spaces, private primary retreats, and private patios. All upper units are equipped with central air conditioning, further enhancing tenant comfort and desirability. Each of the 10 units includes in-suite laundry, providing convenience and independence for tenants. The property also benefits from an assumable mortgage with CMHC MLI Select financing already in place, offering favorable financing options for qualified buyers. Additional highlights include 5 rear parking stalls, professional landscaping, and a fully turnkey operation with professional property management in place, making this an ideal low-maintenance investment. Ideally located with quick access to downtown, and close to amenities, shopping, transit, and excellent schools, this property is well-positioned for long-term rental demand.

DETAILS

TRANSACTION

TRANSACTION
For Sale

BUILDING

TYPE
Multi Family
YEAR BUILT
2025

PARKING

TOTAL PARKING
5

LOT & EXTERIOR

LOT SIZE (SQFT)
5,995
LOT SIZE (ACRES)
0.14

COMMUNITY

COMMUNITY
Capitol Hill
ZONING
H-GO
POSTAL CODE
T2N 2K4

UTILITIES & COSTS

ANNUAL TAXES
$4,718

LISTING COURTESY OF ADIL THOBANI · THE REAL ESTATE DISTRICT

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.