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2604 18 Street SW
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Calgary · Multi-family · under $4,225,000. Alerts only send when there are new or meaningfully updated matching homes.
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Brand New 8 Plex Investment Opportunity in Bankview with Completion set for November 1, 2026 **An exceptional opportunity to add a HIGH END building to your portfolio in the sought-after inner-city community of Bankview!! This thoughtfully designed development features 4 - three storey townhomes, each offering over 2016 sq ft (builders plans)3 bedrooms and 3.5 bathrooms, spacious layouts, and private upper decks with downtown views. The property also includes 4 - lower level 788 sq ft (builders plans) 2 bedroom suites creating eight well appointed rental units in total, plus four detached garages. Built with quality and comfort in mind, the project will feature hardwood flooring, in-floor heating in the basement suites, upgraded windows, contemporary lighting and fixtures, and private entrances for each unit, delivering a modern rental product designed to attract long term tenants. Ideally located just steps from the vibrant shops, restaurants, and nightlife of 17th Avenue SW and only minutes to downtown Calgary, this property offers outstanding convenience and strong tenant appeal. Investors can also take advantage of CMHC MLI Select financing while benefiting from Calgary’s strong and growing rental market. Contact us today for a full list of features, upgrades, and additional investment details. (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
-0.49%
Cap rate
4.77%
GRM
13.9
Break-even rent
$23,736
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 6, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
3.7 km away
8.9 km away
10.2 km away
12.6 km away
13.2 km away
Elementary
8.6 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
8.6 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
10.1 km away
Halal grocery
Amir Halal Meats & Grocery
8.6 km away
Shaheen Grocery, Bakery & Halal Meat
13.0 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.