212 32 Avenue Ne, Calgary, Alberta T2E 2G7 New

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$4,700,000

Brand-New 12-Unit Multifamily Building for Sale | Purpose-Built Rental with Legal Suites | CMHC MLI Select Eligible | Inner-City Calgary. Exceptional opportunity to purchase a newly constructed, purpose-built 12-unit multifamily building located at 212 32 Avenue NE in Calgary, Alberta. This investment property is situated in the highly sought-after inner-city community of Highland Park, just minutes from downtown Calgary, major commuter routes, transit, schools, shopping, and the future Green Line LRT. Designed for maximum income generation, this development features 6 self-contained townhome-style units above grade and 6 fully legal one-bedroom basement suites—each with private entry, separate HVAC systems, and in-suite laundry. Professionally designed by John Trinh & Associates, this new construction multifamily property offers investors long-term durability, contemporary architecture, and excellent curb appeal. All units are individually metered and built to the latest Alberta Building Code standards, with sound attenuation and fire separation in place. Tenants enjoy functional, well-laid-out living spaces with high ceilings, full kitchens, spacious bedrooms, and modern finishes throughout. This is a turn-key, low-maintenance income property ideal for long-term holds and passive income. Strategically positioned near Edmonton Trail, Centre Street, and 16 Avenue NW/Trans-Canada Highway, this rental property offers unmatched access to Calgary’s downtown core, SAIT, University of Calgary, Foothills Hospital, and major employment hubs. With strong population growth, limited new rental supply, and increasing demand for high-quality inner-city housing, this location ensures sustained rental performance and long-term appreciation. This property is fully eligible for the CMHC MLI Select program, allowing qualified buyers to finance with as little as 5% down and amortizations up to 50 years. This creates unparalleled leverage, optimized monthly cash flow, and superior retu rn on investment. Investors can maximize borrowing power while benefiting from stable, long-term debt at CMHC-insured rates. Whether you’re an experienced real estate investor or new to multifamily ownership, this offering presents one of Calgary’s best opportunities to secure a high-performing, cash-flowing asset in a growing inner-city market. Full pro forma, floor plans, construction specifications, and financial analysis available upon request. (id:55577)

Property Features

  • MLS® Number A2234264
  • Price $4,700,000
  • Square Footage: 12258 sqft
  • Property Type: Multi-Family
  • Community Name: Highland Park
  • Parking Space Total 6
  • Plan 5942ad

Buildings

Appliances Refrigerator, Range - Gas, Dishwasher, Microwave, Humidifier, Hood Fan, Garage Door Opener, Washer/dryer Stack-up, Water Heater - Tankless Constructed Date 2025
Construction Style Attachment Attached Size Interior 12258 Sqft
Total Finished Area 12258.36 Sqft Type Multi-family

Parking

Garage
Detached Garage

Land

Acreage No Size Irregular 802.00
Size Total 802 M2|7,251 - 10,889 Sqft Size Total Text 802 M2|7,251 - 10,889 Sqft
Zoning Description R-cg

Agents and Offices

  • Justin Warthe
  • Office: Real Broker

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