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2126 7 Street NW
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Calgary · Multi-family · under $3,150,000. Alerts only send when there are new or meaningfully updated matching homes.
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Mount Pleasant - Six Unit - 4 Row Multi-Family Townhouse Project - 741 21 Avenue NW, 2122, 2124, 2126 7 Street NW - A rare inner-city multi-family opportunity in the heart of Mount Pleasant, one of Calgary’s most desirable mature communities. Designed by respected Calgary architect John Trinh and Associates, this townhouse project was built by the owner for long-term family use, resulting in higher-level craftsmanship, thoughtful material selection, and exceptional attention to detail. Sitting on a 50’ x 120’ corner lot, this modern four-row townhouse development includes six units. It offers income flexibility, quality construction, and an A+ location without the noise or congestion of a major thoroughfare. All four main townhouses are three storeys with three bedrooms, four and a half bathrooms, a single-car garage and over 2,100 sq ft of total development. All units feature four levels of development. The main floor includes a spacious front entry, a living room with an electric fireplace, a central kitchen with stainless steel appliances and an island with seating, and a dining area with access to the deck, plus a two-piece powder room. The second level offers two bedrooms, each with walk-in closets and private en-suites. One bedroom includes a four-piece ensuite, and the other a three-piece ensuite. A laundry room with upper cabinets, a sink, and a folding counter completes this floor. The third level is the primary suite, featuring exclusive access to the top-floor balcony, a walk-in closet, and a five-piece ensuite with a soaker tub, dual sinks, and a walk-in shower. The lower level of the two end units includes a legal studio suite with a separate entry, a full kitchen with stainless steel appliances, a four-piece bathroom, and a living area. The two interior units have fully developed basements with a separate entry, a spacious rec room, and a four-piece bathroom. This is an outstanding option for investors, portfolio holders, or anyone considering fut ure stratification and individual resale. Mount Pleasant is known for its green spaces, including Confederation Park, and its easy access to SAIT and the University of Calgary. The community also offers a quick commute downtown, nearby transit routes along 4 Street, Centre Street, and 20 Avenue, and a great selection of restaurants and coffee shops. Opportunities like this are rare. Contact your favourite realtor today to schedule a private tour and explore the full potential of this investment. (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
-0.54%
Cap rate
4.76%
GRM
13.9
Break-even rent
$17,673
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 Jul 3, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.