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1236 17 Avenue NW
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Beds
—
Baths
—
Sqft
5,476
Year
2025
Type
Multi-family
On market
25d
Welcome to 1236 17 Avenue NW, a rare opportunity to acquire a brand new, purpose built four plex with 4 fully legal basement suites, totalling 8 self contained units in one of Calgary's most strategically located inner city communities. This is not just a property, this is a fully built, turnkey cash flow machine sitting directly opposite SAIT Polytechnic on the high visibility 16th Avenue NW corridor, where tenant demand is as strong and consistent as anywhere in the city.The location is simply unmatched. Situated in Capitol Hill, you are literally steps from SAIT Polytechnic , one of Canada's largest post secondary institutions with over 40,000 students and staff actively seeking quality housing. Add close proximity to the University of Calgary, Foothills Medical Centre, you have a virtually inexhaustible pipeline of high quality tenants- students, healthcare professionals, faculty, and downtown professionals. With downtown Calgary just 12 minutes away, the Jubilee C Train station nearby, and 16th Avenue providing direct arterial access across the city, this location commands premium rents and near zero vacancy year round.The property delivers approx 5500 sq.ft. of above grade living space across 4 beautifully designed two storey townhome style units, each complemented by a fully legal 530 sq.ft. basement suite with its own private entrance. The 4 upper units each offer an open concept main floor with modern kitchen, living and dining areas plus a second floor of with spacious bedrooms and full bathrooms. The 4 legal basement suites each provide 530 sq.ft of bright, efficiently designed living space with fully private, separate entrances.The property also includes a detached 4 car garage plus dedicated mobility storage.From an investment standpoint, Capitol Hill's rental market is driven by persistent post secondary demand, near zero vacancy, Calgary's no-rent-control environment, and continued inner-city intensification. With 8 fully legal, rentable doors in a market where quality supply is chronically constrained, this property is positioned to deliver strong, stable cash flow. This property also qualifies for CMHC MLI Select financing, offering potential access to 95% LTV, 50 year amortization, and significantly enhanced leverage, subject to lender and CMHC approval. Opportunities like this fully built, fully legal, 8 units, steps from SAIT do not come available often. Contact us today and arrange a private showing before this one is gone. (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
$18,734
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 May 15, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.