JN REAL ESTATE GROUP

Hillhurst

FOR SALE

$12,499,999

PURCHASE PRICE

1651 8 Avenue NW, Calgary · T2N1C4

ROW/TOWNHOUSE · 24,086 SQFT · BUILT 2021

MLS A2330220 · 0 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

Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst Location 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.

DETAILS

TRANSACTION

TRANSACTION
For Sale

INTERIOR

LIVING AREA (SQFT)
24,086

BUILDING

TYPE
Row/Townhouse
STYLE
2 Storey
YEAR BUILT
2021
ROOF
Flat Torch Membrane
FOUNDATION
Poured Concrete

PARKING

GARAGE SPACES
23
TOTAL PARKING
23
PARKING
Parkade

LOT & EXTERIOR

LOT SIZE (SQFT)
17,792
LOT SIZE (ACRES)
0.41
PATIO & PORCH
Deck

COMMUNITY

COMMUNITY
Hillhurst
ZONING
R-CG
POSTAL CODE
T2N1C4

UTILITIES & COSTS

HEATING
Boiler · High Efficiency · Natural Gas
COOLING
Central Air
ANNUAL TAXES
$62,176

LISTING COURTESY OF GENE YAMADA · ROYAL LEPAGE SOLUTIONS

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