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Listed price in listed location currency (CAD).
$12,499,999

0023

MLS® A2330220

Overview

Key Facts

Type Townhouse
Levels Residential Income
Size 24086 sqft
Garage 
Taxes 
Days Active 9
Lot Size 0.41 Acres
Approx. Age 2021
Avg. Price Per Sqft $518
MLS® Number A2330220

Property Address: 1651 8 Ave Nw, Calgary, AB, T2N4R4

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberA2330220
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2021
Basement
DrivewayParkade
Garage Spaces
HeatBoiler, High Efficiency, Natural Gas
A/CCentral Air

Extras

23 stoves, 23 refrigerators, 23 dishwashers, 23 washer/dryer sets, all window coverings, 12 air conditioning units, 11 garage door openers and controls

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $12,499,999

For Sale · 9 days

$12,499,999

MLS® A2330220

10 days ago

Not Sold Yet

July 2026, For Sale for $12,499,999

For Sale · 9 days

$12,499,999

MLS® A2330220

10 days ago

Not Sold Yet

June 2026, Expired for $12,499,999

Expired · 127 days

$12,499,999

MLS® A2287084

A month ago

Canceled on Jun 24, 2026

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