For Sale · Multifamily

2834 16 Avenue SE, Calgary

2834 16 Avenue SE, Calgary, AB T2A0M6

$2.6M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

Year Built

2026

About this property

This luxury 4+4 unit modern multi-family building sits on a 50' x 120' lot and offers 4 three-story above-grade units featuring open-concept layouts, 3 bedrooms with 3 ensuites. South-facing units enjoy downtown and Rockies views, while north-facing units offer a full view of Northwest Calgary — plus 4 below-grade 1-bedroom, 1-bathroom units in high demand among single professionals and couples. A 4-car garage is fully insulated, while individually electrical meters, and dedicated furnaces and panels per unit streamline management and reduce shared expenses. Above-grade units range from 1,823 sq ft, while lower units offer 531 sq ft each, appealing to a diverse tenant base. High-end finishes throughout include vinyl flooring, quartz countertops, custom cabinetry, stainless steel appliances, matte black fixtures, oversized kitchen islands, and large windows for plenty of natural light; the property is fully landscaped with low-maintenance curb appeal. No Sign on the property (id:66811)

Financial sandbox

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Estimate
Purchase price$2.60M
Down payment30% · $780K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$89K

Annual cash flow

$-55K

Cash-on-cash

-7.07%

DSCR

0.62

Going-in cap

3.42%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

90,716

Households

36,749

Median income

$137,000

Median age

36.9

Daytime population

110,383

5-yr growth

3.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2834 16 Avenue SE, Calgary.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.