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2822/2828 11 Avenue SE
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Beds
—
Baths
—
Sqft
17,976
Year
2026
Type
Multi-family
On market
52d
Welcome To An Exceptional New Construction 22-Unit Purpose-Built Rental Development Located In The Evolving Inner-City Community Of Radisson Heights. Situated At 2822 & 2828 11 Avenue SE, This Thoughtfully Designed Multi-Family Asset Presents A Rare Opportunity To Acquire A Modern, Income-Generating Property In A High-Demand Rental Corridor Just Minutes From Downtown Calgary. Scheduled For Completion In Summer 2026, The Project Features A Well-Balanced Unit Mix Tailored To Today’s Rental Market, Including A Selection Of One, Two, And Three-Bedroom Suites. The Development Comprises Four Wood-Frame Residential Buildings, Complemented By Two Detached Garages, Offering A Total Of 12 Parking Stalls. Each Suite Has Been Designed With Durability, Efficiency, And Long-Term Operational Performance In Mind, Featuring Luxury Vinyl Plank Flooring, Quartz Countertops, Stainless Steel Appliances, And 9-Foot High Ceilings. All Units Include In-Suite Laundry, While Main Floor Suites Offer Private Balconies, Enhancing Livability And Tenant Retention. The Property Incorporates A Dedicated Affordability Component, With 6 Units (Approximately 25–27%) Designated As Affordable Housing, Aligning With CMHC MLI Select Program Objectives And Supporting Stable Occupancy And Long-Term Income Consistency. Strategically Located, The Property Benefits From Proximity To A Wide Range Of Amenities, Including Schools, Shopping Centers, Places Of Worship, And Public Transit, Including LRT Access. Residents Will Also Enjoy Convenient Connectivity To Downtown Calgary, Along With Potential City Skyline And Mountain Views, Further Enhancing The Property’s Overall Appeal. [Energy Efficiency And Sustainability Features To Be Detailed – Designed With Consideration For Modern Building Performance Standards And Long-Term Operational Efficiency.] Radisson Heights Continues To Experience Ongoing Revitalization And Strengthening Rental Demand Fundamentals, Making This An Ideal Location For Long-Term Investment. T he Combination Of New Construction, Efficient Building Design, And A Diversified Unit Mix Positions The Asset To Perform Well Under Evolving Market Conditions While Supporting Sustainable Income Growth Over Time. (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
-0.43%
Cap rate
4.78%
GRM
13.9
Break-even rent
$47,392
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 3, 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.