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8 units Multifamily FOR SALE 227 31 Av NE 8 Unit Apartment Building $2,194,506 USD ($274,313 USD/Unit) Calgary, AB T2E 2G1
Investment Highlights
- Rare inner-city redevelopment opportunity on a 50' x 120' RC-G lot with an approved Development Permit.
- Surrounded by strong builder demand and active infill development, ensuring long-term value growth in a high-demand urban corridor.
- Exceptional accessibility with quick connections to Downtown Calgary, Centre Street, Edmonton Trail, and the popular Bridgeland community.
- Close to schools, parks, grocery stores, and public transportation, making it an attractive location for future multi-unit residential projects.
Executive Summary
New Construction 4-Plex | 4 Legal Suites | Inner-City Multifamily Investment Opportunity
Investment Type: Residential Multifamily (4 Units)
Asset Class: Low-Rise / Infill Multifamily
Ownership: Fee Simple
227 31 Avenue NE presents a newly constructed fourplex consisting of four fully self-contained legal suites in a strong inner-city rental corridor of Calgary. This purpose-built multifamily asset offers investors stable income potential with long-term appreciation upside.
Property Overview
Each unit features:
• Open-concept living and dining layouts
• Modern kitchens with stone countertops and quality cabinetry
• Stainless steel appliance packages
• In-suite laundry
• Separate entrances
• Durable, low-maintenance finishes
• High-efficiency mechanical systems
The property is designed to minimize operational costs while maximizing rental appeal. Contemporary exterior finishes and professional construction provide long-term durability and strong curb appeal.
Investment Highlights
• Brand new construction
• 4 legal rental suites
• Strong rental demand location
• Turnkey, income-producing asset
• Suitable for conventional or CMHC-insured financing
• Ideal for long-term hold investors
Location
Located in Calgary’s established northeast inner-city corridor, the property provides quick access to:
• Downtown Calgary
• Major transportation routes
• Public transit
• Retail and employment hubs
• Schools and community amenities
The surrounding area continues to see steady redevelopment and intensification, supporting long-term value growth.
?
This offering presents a rare opportunity to acquire a new-construction 4-unit residential asset in a supply-constrained inner-city market.
Investment Type: Residential Multifamily (4 Units)
Asset Class: Low-Rise / Infill Multifamily
Ownership: Fee Simple
227 31 Avenue NE presents a newly constructed fourplex consisting of four fully self-contained legal suites in a strong inner-city rental corridor of Calgary. This purpose-built multifamily asset offers investors stable income potential with long-term appreciation upside.
Property Overview
Each unit features:
• Open-concept living and dining layouts
• Modern kitchens with stone countertops and quality cabinetry
• Stainless steel appliance packages
• In-suite laundry
• Separate entrances
• Durable, low-maintenance finishes
• High-efficiency mechanical systems
The property is designed to minimize operational costs while maximizing rental appeal. Contemporary exterior finishes and professional construction provide long-term durability and strong curb appeal.
Investment Highlights
• Brand new construction
• 4 legal rental suites
• Strong rental demand location
• Turnkey, income-producing asset
• Suitable for conventional or CMHC-insured financing
• Ideal for long-term hold investors
Location
Located in Calgary’s established northeast inner-city corridor, the property provides quick access to:
• Downtown Calgary
• Major transportation routes
• Public transit
• Retail and employment hubs
• Schools and community amenities
The surrounding area continues to see steady redevelopment and intensification, supporting long-term value growth.
?
This offering presents a rare opportunity to acquire a new-construction 4-unit residential asset in a supply-constrained inner-city market.
Property Facts
| Price | $2,194,506 USD | Apartment Style | Townhome |
| Price Per Unit | $274,313 USD | Building Class | C |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 8 | Building Size | 5,600 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2027 |
| Price | $2,194,506 USD |
| Price Per Unit | $274,313 USD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Construction Status | Under Construction |
| Building Size | 5,600 SF |
| No. Stories | 3 |
| Year Built | 2027 |
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Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (82)
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8 units Multifamily FOR SALE | 227 31 Av NE
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