For Sale · Multifamily

3222/3224 14 Street NW, Calgary

3222/3224 14 Street NW, Calgary, AB T2K1H8

$1.3M total

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Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

86%

Year Built

1958

Lot Size

0.15839440949279193 ac

About this property

An exceptional turnkey investment opportunity generating over $95K gross income in the highly sought-after community of Rosemont. This fully renovated fourplex offers four self contained units, each featuring two spacious bedrooms, a full bathroom, separate laundry, and modern finishes (including new windows) completed in 2022. With fully legal basement suites and low-maintenance interiors, this property is designed to maximize cash flow while minimizing ongoing upkeep. Ideally situated with easy access to downtown Calgary, SAIT, and the University of Calgary, the location consistently attracts a strong tenant pool, helping to ensure stable occupancy year after year. Residents will appreciate the unique setting backing onto green space and fronting directly onto Confederation Park Golf Course, providing attractive views and a desirable lifestyle rarely found in income properties. Currently generating $7,950 per month in rental income and offering an approximate 5.2% cap rate, this is a compelling opportunity for investors seeking a well-positioned asset with strong income potential in one of Calgary’s most established and desirable inner-city communities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.27M
Down payment30% · $383K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$35K

Annual cash flow

$-35K

Cash-on-cash

-9.25%

DSCR

0.50

Going-in cap

2.77%

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

122,333

Households

51,116

Median income

$81,000

Median age

45.5

Daytime population

115,859

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 3222/3224 14 Street NW, 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.