For Sale: 1651 8 Avenue NW, Calgary, AB - REW
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$12,499,999
0 bd • ba • 24087 sf • Townhouse
1651 8 Avenue NW
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$12,499,999
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1651 8th Avenue NWCalgary, AB, T2N 1C4

Briar Hill
  • 0 Bed
  • Bath
  • 24087 Sqft
  • Townhouse

About this home

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.
Listed by: Gene Yamada, Royal LePage Solutions

Home facts and features

Price details
List Price
$12,499,999
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Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
23
Property Type
Townhouse
Year Built
Built in 2021 (5 yrs old)
Style
2 Storey
Heating Type
Boiler,High Efficiency,Natural Gas
Cooling
Central Air
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Solutions
Secondary Agent
Secondary Broker
Royal LePage Solutions
Listing details
Days on REW
7 Days
Property Views
240
MLS® Number
A2330220
Source
Pillar 9
Board
Calgary Real Estate Board
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Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Hillhurst School
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Queen Elizabeth High School
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Queen Elizabeth School
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Briar Hill School
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Rosedale School
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Sunnyside School
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Madeleine d' Houet Bilingual School
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Capitol Hill School
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Louise Dean School
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Branton School
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Call Agent
Gene Yamada
Phone:
(403) 289-3322
Office:
403-252-5900
Christopher York
Phone:
403-289-3322
Office:
403-289-3322
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