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$ 3,750,000
Est. payment | /mo
7,450 SqFt
$ 3,750,000
Est. payment | /mo
7,450 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,450 sqft
Price per Sqft $503
Subdivision Beltline
MLS Listing ID A2322945
Year Built 1912
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a fully renovated 16-unit multifamily building in Calgary's most rapidly transforming neighbourhood. The building comprises 9 bachelor suites and 7 one-bedroom suites,all fully upgraded,in a location that is arguably the most walkable and well-connected in the Beltline. Steps to Victoria Park/Stampede CTrain station,walkable to downtown Calgary and 17th Avenue,with an exceptional walk score that reflects the depth of amenity on the doorstep.
The building has been comprehensively upgraded by the current ownership with no deferred maintenance. Every suite features new flooring,kitchens,and appliances. Common areas have been fully refreshed across both wings,15 windows replaced,ButterflyMX smart access installed,and a coin laundry area retrofitted for resident use.
The property sits at the centre of an event district that will only grow in scale and profile. NHL games at Scotia Place (opening 2027-28),the Calgary Stampede,major concerts,and international conventions at the BMO Centre draw visitors year-round. As new hotel supply from the W Calgary,JW Marriott,and Autograph Collection drives nightly rates higher,short-term rental demand in this pocket will follow. An incoming owner has the ability to apply for short-term rental licences for some or all units,positioning the building to capture that demand as it grows.
For long-term holders,the fundamentals are equally compelling. Zoned CC-X (Centre City Mixed Use) with no maximum building height and hotel as a discretionary use,this is a land parcel whose value will appreciate alongside one of the most significant development cycles in Calgary's history. Current rents sit below market with the majority of leases expiring Q3/Q4 2026 and Q1 2027,providing immediate upside as the district continues to activate. Contact listing agent for more information.
The building has been comprehensively upgraded by the current ownership with no deferred maintenance. Every suite features new flooring,kitchens,and appliances. Common areas have been fully refreshed across both wings,15 windows replaced,ButterflyMX smart access installed,and a coin laundry area retrofitted for resident use.
The property sits at the centre of an event district that will only grow in scale and profile. NHL games at Scotia Place (opening 2027-28),the Calgary Stampede,major concerts,and international conventions at the BMO Centre draw visitors year-round. As new hotel supply from the W Calgary,JW Marriott,and Autograph Collection drives nightly rates higher,short-term rental demand in this pocket will follow. An incoming owner has the ability to apply for short-term rental licences for some or all units,positioning the building to capture that demand as it grows.
For long-term holders,the fundamentals are equally compelling. Zoned CC-X (Centre City Mixed Use) with no maximum building height and hotel as a discretionary use,this is a land parcel whose value will appreciate alongside one of the most significant development cycles in Calgary's history. Current rents sit below market with the majority of leases expiring Q3/Q4 2026 and Q1 2027,providing immediate upside as the district continues to activate. Contact listing agent for more information.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning CC-X
Direction SE
Interior
Inclusions All fixtures, furniture, fittings and window coverings. List to be provided with sale
Fireplace No
Exterior
Garage No
Building
Lot Description City Lot
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by KPLI Real Estate Corporation
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
caroline nunes
Viren is an amazing realtor. He is knowledgeable and has great insights. He is also very easy to work with and friendly.
He helped us when we moved to Calgary. And am sure he will help you find a great house in the perfect location suited to your needs.
Ace S
Viren is a trusted advisor who brings professionalism to his client relationships.
Highly recommended.
Sumit Gurjar
Viren is extremely knowledgeable and resourceful. What sets him apart is approaching from a client’s perspective, connecting with authenticity and building relationships rather than a push approach.
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