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3115 12 Street NE
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This is a a Court of Kings Bench ordered sale. Explore an exceptional investment opportunity with this well-maintained 4-storey office building in a highly accessible NE Calgary location. The property is 73,030 sq.ft, class B, suburban office and was constructed in 1980 and features professional, long-term tenants, strong on-site parking and attractive curb appeal with manicured landscaping. Ideal for an investor seeking to add value or someone looking to occupy the vacant portions of the building (approximately 27,000 sq.ft). The total site size is 2.3 acres and contains 170 paved surface parking stalls which supports an excellent parking coverage for tenants and visitors. The classic red-brick exterior, elevator service and a welcoming atrium/lobby area create an inviting environment for an array of business types, along with advantageous signage exposure to 12th Street NE. The flexible suite mix from small private offices to larger floor plates makes it easy to relet or reposition for higher rents or alternate office/co-working configurations. There are strong transportation links: immediate access to 32 Ave NE and Deerfoot Trail for quick highway connectivity; Strategically located in NE Calgary’s business nodes with nearby retail and service amenities and solid exposure to commuter routes — attractive to professional and service tenants. (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
-6.15%
Cap rate
3.63%
GRM
16.7
Break-even rent
$37,081
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 May 20, 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.
2.1 km away
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