Property view at 1651 8 Avenue NW, Calgary - Commercial investment property with 24,086.4 sqft - Photo 1 of 22 | Calgary real estate investment
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1651 8 Avenue NW

Calgary, Alberta T2N1C4
MLS® A225950724 days on marketListed Sep 25, 2025
Exclusive Offering
$13,500,000
24,086.4Living Space
23Garage Spaces
2024Year Built

Property Overview

Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst Location

Exceptional opportunity to acquire a high-performing, purpose-built multi-unit property in the heart of Hillhurst.

Located just a few blocks from Kensington, Riley Park, SAIT, and with direct access to downtown Calgary, Urban Gardens offers long-term stability and tenant appeal in one of Calgary’s most sought-after inner-city neighbourhoods.

This well-designed development includes a total of 23 units:

12 four-storey townhomes, each with: 3 bedrooms (most with ensuites) Private balconies 11 legal basement suites (1 per townhome) 11 titled/private garages Built with tenant comfort in mind, the majority of townhomes feature ensuite bathrooms for each bedroom, modern open-concept layouts, and private outdoor spaces.

The property is centered around a beautifully landscaped communal courtyard with a community garden, promoting resident interaction and enhancing curb appeal.

Strong location fundamentals support both rental income and long-term appreciation potential.

Walkable to transit, schools, restaurants, shopping, and recreational amenities.

Property Highlights

Total Units: 23 Townhomes: 12 Basement Suites: 11 (separately metered) Garages: 11 (titled/private) Bedrooms (avg): Most townhomes feature 3 bedrooms Bathrooms: Most bedrooms include private ensuites Outdoor Spaces: Private balconies for most units; communal courtyard with garden Parking: 11 private garages + additional street parking Heating: Hi efficiency Forced air / individual units Zoning: R-CG with central air conditioning Legal Status: Purpose-built with legal secondary suites Building Size: Insert Year Built: 2024

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$560/sqft
Premium pricing - ensure strong rent potential

Investment Considerations

New Construction: Lower maintenance costs expected in first 5-10 years. May command premium rents.
Active Market Time: Normal market exposure. Good opportunity to negotiate if approaching 30 days.
Commercial Investment: Evaluate rental demand and property management requirements for this property type.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.