$3,749,900
4221 32 Avenue SW
Beds
—
Baths
—
Sqft
—
Year
2026
About this home
Defined by a level of quality and finish rarely seen in multi-family construction, this brand new 3-storey fourplex with legal basement suites (8 units total) is positioned on a corner lot along a tree-lined street in Glenbrook, offering a compelling opportunity for investors seeking a durable, design-forward asset built for long-term tenant retention.The upper units (approx. 1,758–1,788 sq ft) are intentionally configured to appeal to a broad tenant profile, featuring 3-bedroom layouts with dual primary suites plus an additional bedroom—ideal for professionals, families, and shared living. The third-floor primary retreat spans the entire level, showcasing vaulted ceilings, dual vanity, and a private balcony, while the main living space is anchored by a signature AHMC custom concrete surround gas fireplace, adding architectural presence.The legal 1-bedroom basement suites (approx. 647–660 sq ft) offer private rear entrances, large sunshine windows, and in-floor heat, creating bright, comfortable spaces well-suited for consistent occupancy and stable secondary income.A cohesive, elevated finish palette carries throughout, including hardwood flooring, quartz countertops, stainless steel appliances, and designer lighting and hardware. Upper units are further enhanced with air conditioning, exterior gas lines, pot filler upgrade, and European style tilt and turn windows with adjustable screens. The quality of construction and material selection is intended to minimize ongoing maintenance, supporting stronger long-term performance.Additional features include detached garage stalls (one per upper unit) with epoxy-finished floors, storage lockers, and rear bike storage, enhancing both functionality and tenant experience.Currently under construction with anticipated completion late 2026, this is a rare opportunity to secure a modern, low-maintenance investment in a highly desirable inner-city location, where design, livability, and long-term stability align. This combi nation of quality and location will have your tenants never wanting to leave. (id:65958)
- Subtype
- Multi-family
- Lot size
- 6,006.26 square feet
- MLS#
- A2300561
- Area
- CALGARY_SW
Cash on cash
-11.32%
Cap rate
3.62%
GRM
16.7
Break-even rent
$26,200
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle nearby
What daily life looks like from this address. Tap a category to add or remove it.
0.7 km
~1 min drive
1.3 km
~2 min drive
1.3 km
~2 min drive
- 🌳 Park
Canoe Park
122 Douglas Park Close SE, Calgary, AB T2Z 2B2, Canada
14.1 km
~23 min drive
0.8 km
~1 min drive
- 🚉 Transit
EB 69 Street CTrain Station
Calgary, AB T3H 0N7, Canada
3.2 km
~5 min drive
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.