$3,749,900
4221 32 Avenue SW
Beds
—
Baths
—
Sqft
—
Year
2026
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
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
- Structure
- Multi-Family
- Community
- Glenbrook
- Common interest
- Freehold
- Living area
- 7,075 square feet
- Lot size
- 6,006.26 square feet
- Lot dimensions
- 6006.26
- Parking
- 4 total
- Stories
- 3
- Fireplace
- 4
- On market
- Apr 11, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $4,539 (2025)
- Zoning
- R-CG
- Photos
- 3
- MLS#
- A2300561
- Area
- CALGARY_SW
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Flooring
Lot
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 this address
Schools, halal food/grocery, mosques, parks, transit, and daily errands. Toggle categories to compare what actually matters from this address.
Halal grocery
1.3 km
~2 min
FOOD WORLD Halal Meat and Grocery
1916 37 Street SW, Calgary, AB T3E 3A3, Canada
3.8 rating · 162 reviews
1.4 km
~2 min
Gandour Halal Meats & Deli
1619 37 Street SW, Calgary, AB T3C 1S7, Canada
2.9 rating · 80 reviews
1.6 km
~3 min
Halal restaurant
Little Lebanon Pita Pies & Donair
3515 17 Ave SW, Calgary, AB T3E 0B6, Canada
4.5 rating · 1,174 reviews
1.5 km
~2 min
Taj kabob - Afghan Street Food
40 Christie Park View SW #1140, Calgary, AB T3H 2Y7, Canada
4.6 rating · 335 reviews
2.4 km
~4 min
4.0 km
~6 min
Mosque
Jerusalem Shawarma - Richmond Road
5255 Richmond Rd SW #480, Calgary, AB T3E 1E5, Canada
4.6 rating · 1,991 reviews
1.3 km
~2 min
Calgary south west masjid
1629 38 St SW, Calgary, AB T3C 1T8, Canada
2.1 km
~3 min
1 Tamarac Crescent SW, Calgary, AB T3C 3B7, Canada
5.0 rating · 4 reviews
2.7 km
~4 min
Park
Canoe Park
122 Douglas Park Close SE, Calgary, AB T2Z 2B2, Canada
4.0 rating · 3 reviews
14.1 km
~23 min
Douglasdale Ball Park
135 Douglas Park Blvd SE, Calgary, AB T2Z 2M5, Canada
4.3 rating · 3 reviews
14.4 km
~23 min
Douglasdale Point Park
Calgary, AB T2Z 3B3, Canada
4.8 rating · 6 reviews
15.2 km
~24 min
Elementary
2839 49 St SW, Calgary, AB T3E 3X9, Canada
0.8 km
~1 min
4331 41 Ave SW, Calgary, AB T3E 1G2, Canada
1.0 km
~2 min
Richmond School | Calgary Board of Education
2701 22 St SW, Calgary, AB T2T 5G5, Canada
2.4 km
~4 min
Transit
EB 69 Street CTrain Station
Calgary, AB T3H 0N7, Canada
4.1 rating · 32 reviews
3.2 km
~5 min
Sunalta Station
Calgary, AB T3C 0K1, Canada
4.2 rating · 50 reviews
4.0 km
~6 min
WB Downtown-West Kerby
Calgary, AB T2P 1A9, Canada
4.1 rating · 34 reviews
4.9 km
~8 min
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.