1 / 3
New buildInvestment signal

$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.

Open full map

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

Detached GarageStreet

Basement

FinishedFullSeparate entrance

Appliances

WasherRefrigeratorRange - GasRange - ElectricDishwasherDryerMicrowaveMicrowave Range Hood ComboHood Fan

Heating

Forced airIn Floor Heating

Cooling

Central air conditioning

Flooring

HardwoodCarpetedCeramic Tile

Lot

Gas BBQ Hookup
Negative cash flow ~$7,078/mo at these assumptions

Cash on cash

-11.32%

Cap rate

3.62%

GRM

16.7

Break-even rent

$26,200

Financing

Down payment$749,980
Loan amount$2,999,920
Mortgage$18,404/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,719
Insurance$80
Maintenance$3,125
CapEx reserve$1,562
Vacancy loss$938

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.

Loading map…
HAL

Halal grocery

  1. Shaganappi Mediterranean Market

    3919 17 Ave SW, Calgary, AB T3E 7E7, Canada

    4.5 rating · 542 reviews

    1.3 km

    ~2 min

  2. 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

  3. Gandour Halal Meats & Deli

    1619 37 Street SW, Calgary, AB T3C 1S7, Canada

    2.9 rating · 80 reviews

    1.6 km

    ~3 min

EAT

Halal restaurant

  1. 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

  2. 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

  3. Alibaba Kabob House Inc

    1602 14 St SW, Calgary, AB T2T 0C3, Canada

    4.4 rating · 465 reviews

    4.0 km

    ~6 min

MSQ

Mosque

  1. 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

  2. Calgary south west masjid

    1629 38 St SW, Calgary, AB T3C 1T8, Canada

    2.1 km

    ~3 min

  3. Al-Bushra Islamic Foundation

    1 Tamarac Crescent SW, Calgary, AB T3C 3B7, Canada

    5.0 rating · 4 reviews

    2.7 km

    ~4 min

PRK

Park

  1. Canoe Park

    122 Douglas Park Close SE, Calgary, AB T2Z 2B2, Canada

    4.0 rating · 3 reviews

    14.1 km

    ~23 min

  2. Douglasdale Ball Park

    135 Douglas Park Blvd SE, Calgary, AB T2Z 2M5, Canada

    4.3 rating · 3 reviews

    14.4 km

    ~23 min

  3. Douglasdale Point Park

    Calgary, AB T2Z 3B3, Canada

    4.8 rating · 6 reviews

    15.2 km

    ~24 min

EL

Elementary

  1. Calgary Christian Schools

    2839 49 St SW, Calgary, AB T3E 3X9, Canada

    0.8 km

    ~1 min

  2. St. Andrew School

    4331 41 Ave SW, Calgary, AB T3E 1G2, Canada

    1.0 km

    ~2 min

  3. Richmond School | Calgary Board of Education

    2701 22 St SW, Calgary, AB T2T 5G5, Canada

    2.4 km

    ~4 min

TRN

Transit

  1. EB 69 Street CTrain Station

    Calgary, AB T3H 0N7, Canada

    4.1 rating · 32 reviews

    3.2 km

    ~5 min

  2. Sunalta Station

    Calgary, AB T3C 0K1, Canada

    4.2 rating · 50 reviews

    4.0 km

    ~6 min

  3. WB Downtown-West Kerby

    Calgary, AB T2P 1A9, Canada

    4.1 rating · 34 reviews

    4.9 km

    ~8 min

Mortgage estimate

Estimated $18,404/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.