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2015 28 Avenue NW
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Pre-Construction 4-Plex Investment Opportunity in Banff Trail | Eligible for CMHC MLI Select FinancingExceptional pre-construction multi-family investment opportunity in Banff Trail, one of Calgary’s most desirable inner-city communities, designed specifically for investors seeking strong rental demand, long-term appreciation, and potential qualification under the CMHC MLI Select Program. This purpose-built 4-plex with legal basement suites offers the potential for 8 income-generating rental units, making it an ideal asset for investors targeting multi-family cash flow in Calgary’s inner city. The thoughtfully designed layout includes four spacious upper residences paired with four legal secondary suites, maximizing rental density while maintaining a high-quality living environment that attracts stable, long-term tenants. Each upper residence is planned with attached garages, a highly sought-after feature in Calgary’s inner-city rental market that significantly increases tenant appeal, security, and year-round convenience. Interiors will feature timeless designer finishes, neutral palettes, and durable materials, ensuring broad tenant appeal while minimizing long-term maintenance costs and supporting strong occupancy. From a financing perspective, the project presents a compelling opportunity for investors looking to structure acquisitions under the CMHC MLI Select Program, which can provide high-leverage financing, extended amortization periods, and attractive interest rates for purpose-built rental housing. The inclusion of multiple rental units and legal suites aligns well with the program’s objectives of increasing rental supply while supporting long-term housing stability. The Banff Trail location further enhances the property’s investment fundamentals. Positioned just 1.5 blocks from Canmore Park and Confederation Park, residents benefit from immediate access to Calgary’s premier green spaces, pathway systems, and year-round outdoor recreation. This lifestyl e appeal consistently drives strong rental demand in the area. Transit accessibility is another key advantage. Nearby LRT stations provide direct connections to downtown Calgary, making commuting simple for professionals and students alike. The property also sits within walking distance of multiple schools and is approximately 20 minutes on foot to the University of Calgary, positioning the asset perfectly to capture demand from students, faculty, healthcare workers, and young professionals. Banff Trail continues to see significant inner-city redevelopment and infill growth, reinforcing its reputation as a prime Calgary multi-family investment corridor. The combination of proximity to downtown, transit, parks, and major institutions creates a durable rental market with strong long-term fundamentals. With pre-construction pricing, investors have the opportunity to secure a high-density income property in Calgary’s inner city before completion, benefiting from potential appreciation during constructi (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
-0.52%
Cap rate
4.76%
GRM
13.9
Break-even rent
$19,189
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 Jun 16, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.4 km away
9.0 km away
9.1 km away
9.9 km away
11.1 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
9.0 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
9.8 km away
10.3 km away
Halal grocery
Amir Halal Meats & Grocery
9.9 km away
Shaheen Grocery, Bakery & Halal Meat
11.6 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.