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1334-1340 12 Ave SW - The Ravenwood 938 SF Retail Condo Unit Offered at $457,193 in Calgary, AB T3C 3R9
Investment Highlights
- High visibility located between 12 Avenue and 13 Street
- Various bus routes nearby and walking distance to Sunalta LRT station
- Walking distance to various amenities such as restaurants, liquor stores, coffee shops, general retail and furniture stores off the design district
- Located in the growing Beltline community with new condo developments and new commercial developments nearby
- Parking available on the premises as well as street parking on surrounding streets
Executive Summary
Welcome to The Ravenwood, a well-positioned mid-rise multifamily property in Calgary’s vibrant Beltline district. This 8-storey, 54-unit apartment building spans over 73,000 sq ft on a 0.47-acre lot, offering a rare investment opportunity in one of the city’s most walkable and amenity-rich neighborhoods. Built in 1980 and zoned CC-X (Centre City Mixed Use), the property blends residential comfort with urban convenience, just steps from 17th Avenue’s shops, restaurants, and transit. With strong rental demand, underground parking, and potential for value-add upgrades, Ravenwood is ideal for investors seeking stable income and long-term growth in Calgary’s core.
Property Facts
| Total Building Size | 73,176 SF | Floors | 8 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 8,049 SF |
| Property Subtype | Apartment | Year Built | 1980 |
| Building Class | B | Lot Size | 0.47 AC |
| Zoning | CC-X - Centre City Mixed Use | ||
| Total Building Size | 73,176 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 8 |
| Typical Floor Size | 8,049 SF |
| Year Built | 1980 |
| Lot Size | 0.47 AC |
| Zoning | CC-X - Centre City Mixed Use |
1 Unit Available
Unit 1336/1340
| Unit Size | 938 SF | Sale Type | Investment |
| Price | $457,193 USD | Cap Rate | 7.00% |
| Price Per SF | $487.41 USD | NOI | $32,003.54 USD |
| Condo Use | Retail |
| Unit Size | 938 SF |
| Price | $457,193 USD |
| Price Per SF | $487.41 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $32,003.54 USD |
Description
These two Beltline condo units offer a prime location in one of Calgary’s most dynamic neighborhoods. Each space features excellent visibility along 12 Avenue SW, with convenient access to public transit and nearby amenities including restaurants, coffee shops, and retail in the design district. On-site and street parking add flexibility for owners or tenants, while the surrounding area continues to grow with new residential and commercial developments.
Sale Notes
The offering includes two units sold together for $620,000, providing a combined footprint ideal for investment or owner-use. With an attractive 7% Cap rate and CC-X zoning, the property supports a range of commercial applications. Immediate availability allows buyers to capitalize on Calgary’s thriving Beltline market without delay. This is a rare opportunity to secure highly visible space in a high-demand urban corridor.
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1334-1340 12 Ave SW - The Ravenwood
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