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111 26 Avenue NE
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Calgary · Multi-family · under $3,250,000. Alerts only send when there are new or meaningfully updated matching homes.
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An exceptional opportunity to elevate your real estate portfolio with this architecturally refined, purpose-built fourplex, ideally located in the heart of Tuxedo Park—one of Calgary’s most desirable inner-city communities.Each of the four main residences is a thoughtfully designed two-storey home, featuring three spacious bedrooms on the upper level, open-concept main living areas, and a private detached garage. The lower-level suites offer one bedroom, a full kitchen, in-suite laundry, and separate private entrances—perfect for generating strong rental income or accommodating multi-generational living.Constructed with quality and longevity in mind, this property showcases premium modern finishes throughout, including quartz countertops, luxury vinyl plank flooring, designer ceramic tile, and stainless steel appliances. Each unit is fully self-contained with its own mechanical systems and laundry, ensuring complete independence and ease of management—featuring a total of eight furnaces, eight hot water tanks, eight laundry setups, and separate gas and water meters.Ideally situated just minutes from Downtown Calgary, the property offers convenient access to major roadways, public transit, parks, schools, and everyday amenities—making it highly attractive to both tenants and investors.Additionally, the property qualifies for the Canada Mortgage and Housing Corporation (CMHC) multi-unit financing program, providing investors with a compelling, low-risk entry into Calgary’s thriving rental market.Don’t miss this rare opportunity to own one of Calgary’s most visually striking and intelligently designed multi-family investments. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.53%
Cap rate
4.76%
GRM
13.9
Break-even rent
$18,279
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.5 km away
6.4 km away
7.7 km away
7.7 km away
Al Madinah Islamic Centre
9.2 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.4 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
6.5 km away
7.1 km away
Halal grocery
Amir Halal Meats & Grocery
6.5 km away
Shaheen Grocery, Bakery & Halal Meat
8.2 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.