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$12,499,999
Alberta,Calgary
For Sale Active
1651 8 Avenue NW, Calgary, Alberta T2N1C4
  • 24,086 Sqft
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Basic Details
Description

Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst LocationExceptional 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 balconies11 legal basement suites (one per townhome)11 titled private garagesBuilt 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 o ffices, and institutional buyers seeking immediate cash flow, long-term appreciation, and attractive in-place financing. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2330220
  • Price: $12,499,999
  • Square Footage: 24,086 Sqft
  • Year Built: 2021
  • Status: Active
  • Office Name: Royal LePage Solutions
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 91540
Features & Appliances
Features
  • Heating System: Natural gas
  • Cooling System: Central air conditioning
Address Map
  • Location: CA, Alberta, Calgary, Hillhurst, T2N1C4
  • Street: 8
  • Street Number: 1651
  • Street Suffix: Avenue
  • Longitude: W115° 54' 9.5''
  • Latitude: N51° 3' 33.8''
  • Street Dir Suffix: Northwest
Additional Information
  • Foundation Details:
  • Lot Size Dimensions: 1653.00
  • Stories: 3.0
Financial
  • Tax Annual Amount: 62176
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Listing updated: 2026-07-19 13:32:57
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Listing Information
  • List Agent Key: 1446818
  • List Office Key: 91540
  • Modification Timestamp: 2026-07-17T16:05:32Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-07-17T15:57:37Z
Powered by REALTOR.ca
Listing updated: 2026-07-19 13:32:58
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