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4832 20 Avenue NW
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Beds
—
Baths
—
Sqft
4,330
Year
2026
Type
Multi-family
On market
25d
Arriving August 2026 in prime Montgomery, this Modern Courtyard 4-Plex presents a superior 8-unit investment asset comprising four 3-bedroom, 2.5-bathroom upper homes and four 1-bedroom, 1-bathroom legal basement suites complete with full kitchens and in-suite laundry. Purpose-built to qualify for CMHC MLI-Select financing through the Energy Efficiency pathway, this project offers investors favorable terms without the need for rent caps. The innovative duplex-courtyard-duplex layout delivers a quiet, low-density feel with exceptional privacy, abundant natural light, and generous outdoor separation—unique design elements that enhance livability and support higher rental income. Operational management is optimized via a separate mechanical room and full sub-metering, featuring 8 individual gas, water, and electric meters. The exterior includes thoughtfully landscaped outdoor areas designed for functionality and privacy, along with 4 dedicated parking stalls equipped with EV rough-ins. Buyers have the opportunity to customize finishes to preference prior to completion. Located steps from local schools, Shouldice Park, and the Bow River pathways, the property offers fast access to the University of Calgary, Foothills Hospital, and Market Mall, and is under 10 minutes to WinSport and the Trans-Canada Highway for easy mountain getaways, being just 1 hour to Canmore and 1 hour 15 minutes to Banff. (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
-0.52%
Cap rate
4.76%
GRM
13.9
Break-even rent
$17,970
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 May 15, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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