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Mount Pleasant 2124 7 St NW 6 Unit Apartment Building $2,409,674 USD ($401,612 USD/Unit) 3.71% Cap Rate Calgary, AB
INVESTMENT HIGHLIGHTS
- Newly completed building with a modern look.
- Located near a park.
- Each unit includes development, 3 bedrooms, 4.5 bathrooms and a detached single-car garage.
- Easy access to major highways.
EXECUTIVE SUMMARY
A rare inner-city commercial opportunity in the heart of Mount Pleasant, one of Calgary's most desirable mature communities. The townhouse project was built by the owner for long-term family use, resulting in a higher standard of craftsmanship, careful material selection, and exceptional attention to detail throughout. Situated on a 50’ x 120’ corner lot, this modern 4 row townhouse development offers a total of 6 units with income flexibility, quality construction, and an A+ location — all without the noise and congestion of a major thoroughfare. Each townhouse unit offers over 2,000 sqft of development, 3 bedrooms, 4.5 bathrooms and a detached single-car garage. The end units offer a studio suite, while the interior units offer a developed basement. Designed by respected Calgary architect John Trinh & Associates. Ideal for investors, portfolio holders, or future individual resale stratification.
741 21 Avenue NW, 2126 7 Street NW, 2124 7 Street NW & 2122 7 Street NW
741 21 Avenue NW, 2126 7 Street NW, 2124 7 Street NW & 2122 7 Street NW
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$106,902
|
$12.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,138
|
$0.26
|
| Effective Gross Income |
$104,764
|
$12.54
|
| Taxes |
$13,144
|
$1.57
|
| Operating Expenses |
$2,138
|
$0.26
|
| Total Expenses |
$15,282
|
$1.83
|
| Net Operating Income |
$89,482
|
$10.71
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $106,902 |
| Annual Per SF | $12.80 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $2,138 |
| Annual Per SF | $0.26 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $104,764 |
| Annual Per SF | $12.54 |
| Taxes (USD) | |
|---|---|
| Annual | $13,144 |
| Annual Per SF | $1.57 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $2,138 |
| Annual Per SF | $0.26 |
| Total Expenses (USD) | |
|---|---|
| Annual | $15,282 |
| Annual Per SF | $1.83 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $89,482 |
| Annual Per SF | $10.71 |
PROPERTY FACTS
| Price | $2,409,674 USD | Building Class | B |
| Price Per Unit | $401,612 USD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,352 SF |
| Cap Rate | 3.71% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-CG - Residential – Grade-Oriented Infill District | ||
| Price | $2,409,674 USD |
| Price Per Unit | $401,612 USD |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 8,352 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | R-CG - Residential – Grade-Oriented Infill District |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Basement
- Deck
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Bicycle Storage
- Walk-Up
- Smoke Detector
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (90)
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Mount Pleasant | 2124 7 St NW
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