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Beltline Terrace 215 15th Ave SE 16 Unit Apartment Building $2,708,442 USD ($169,278 USD/Unit) 5.17% Cap Rate Calgary, AB T2G 1G4
Investment Highlights
- Beltline Terrace is surrounded by some of Calgary's most significant recent development activity.
- irectly across the street, the new Scotiabank Stadium is currently under construction, a major sports and entertainment venue set
- The W Hotel & Residences brings a flagship luxury hospitality and residential brand to the neighbourhood.
Executive Summary
A fully renovated, turnkey 16-unit residential building in Calgary's Beltline, 215 15 Avenue SE offers in-place income, below-market assumable financing, rent-controlled cash flow under the MLI Select program, and long-term development optionality including potential air rights.
Property Facts
| Price | $2,708,442 USD | Apartment Style | Low-Rise |
| Price Per Unit | $169,278 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.17% | Building Size | 7,890 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Zoning | CC-X | ||
| Price | $2,708,442 USD |
| Price Per Unit | $169,278 USD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 7,890 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | CC-X |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
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Beltline Terrace | 215 15th Ave SE
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