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2018, 2020, 2022, 2024 12 Avenue SW
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Beds
—
Baths
—
Sqft
6,078
Year
2026
Type
Multi-family
On market
83d
An exceptional opportunity to elevate your investment portfolio in the highly sought-after inner-city community of Sunalta SW. This brand-new, custom-built fourplex—currently under construction with estimated completion in approximately 3 months—offers a rare combination of modern design, functional layouts, and strong rental potential in one of Calgary’s most convenient and walkable locations. Situated on a generous 5221 SF. lot, this thoughtfully designed property features four well-appointed units, each offering 3 bedrooms and 2.5 bathrooms. The two end units provide 1,535 sq ft of living space, while the two middle units offer 1,504 sq ft, all finished with durable vinyl plank flooring and contemporary finishes throughout. Each unit includes a single attached garage, adding to tenant appeal and long-term value. The main floor boasts an open-concept layout highlighted by impressive 13-foot ceilings in the living room, creating a bright and airy atmosphere. A stylish kitchen is equipped with quartz countertops, pantry storage, and LG appliances, seamlessly connecting to the dining area and rear deck—perfect for everyday living and entertaining. Second level features two spacious bedrooms, a 3-piece bathroom, a convenient laundry room, and a built-in Computer workstation with integrated wiring—ideal for remote work or study. The third floor is a standout feature, offering vaulted ceilings, a flexible pace perfect for a yoga room or retreat, an additional 3-piece bathroom, a private balcony, and another built-in workspace. The fully developed basement includes a functional mudroom and a half bathroom, enhancing both practicality and livability. Property tax is to be assigned by the city upon completion. The exterior is finished with durable cement fibre board siding, and full fencing will be completed prior to possession. Located in the vibrant community of Sunalta, residents will enjoy quick access to downtown Calgary, Sunalta LRT station, parks, schools, and the B ow River pathways. With nearby shops, cafes, and everyday amenities just minutes away, this location continues to attract quality tenants seeking inner-city convenience and lifestyle. A rare, turnkey investment opportunity in a high-demand rental market. Individual Unit can be purchased at the price of $750,000.00. (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.
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 Jun 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
1.1 km
est. 2 min
Dahlak al food store
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3.9 rating · 47 reviews
1.3 km
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FOOD WORLD Halal Meat and Grocery
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2.4 km
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1.1 km
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TEHRAN GROCERY
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1.1 km
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Masala Lounge & Grill | Authentic Indian Food Restaurant in Calgary
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4.8 rating · 1,717 reviews
1.2 km
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1.7 km
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2.1 km
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pàlíser
605 5 St SW, Calgary, AB T2P 0Y3, Canada
5.0 rating · 1 reviews
2.4 km
est. 4 min
1312 15 St SW, Calgary, AB T3C 1G2, Canada
0.8 km
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Queen Elizabeth School | Calgary Board of Education
402 18 St NW, Calgary, AB T2N 0G3, Canada
1.4 km
est. 2 min
Connaught School | Calgary Board of Education
1121 12 Ave SW, Calgary, AB T2R 1P8, Canada
1.4 km
est. 2 min
Sunalta Station
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4.2 rating · 50 reviews
0.6 km
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WB Downtown-West Kerby
Calgary, AB T2P 1A9, Canada
4.1 rating · 34 reviews
1.5 km
est. 2 min
WB 7 Street SW Station (Free Fare Zone)
608 7 St SW, Calgary, AB T2P 0Z3, Canada
4.0 rating · 51 reviews
2.1 km
est. 3 min