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502 58th Ave SW 32 Unit Apartment Building $5,827,758 USD ($182,117 USD/Unit) 4.34% Cap Rate Calgary, AB T2V 0H6
Executive Summary
Positioned within Calgary’s highly desirable Windsor Park neighbourhood, Southridge Place offers investors the opportunity to acquire a 32-unit apartment property in one of the city’s most established and transit-connected residential corridors. The property’s strategic location provides immediate access to major transportation routes, employment centres, retail amenities, and public transit, creating long-term appeal for both tenants and investors.
Residents benefit from walking-distance access to Chinook Centre, grocery stores, restaurants, medical services, recreation facilities, and the Chinook LRT Station, offering direct connectivity to Downtown Calgary, SAIT, the University of Calgary, and major employment nodes throughout the city.
The surrounding area continues to attract a diverse tenant base including young professionals, families, students, and downsizers seeking convenient urban living with access to shopping, employment, and transportation options. Windsor Park’s mature character, established amenities, and central location continue to support strong occupancy levels and stable rental demand.
Residents benefit from walking-distance access to Chinook Centre, grocery stores, restaurants, medical services, recreation facilities, and the Chinook LRT Station, offering direct connectivity to Downtown Calgary, SAIT, the University of Calgary, and major employment nodes throughout the city.
The surrounding area continues to attract a diverse tenant base including young professionals, families, students, and downsizers seeking convenient urban living with access to shopping, employment, and transportation options. Windsor Park’s mature character, established amenities, and central location continue to support strong occupancy levels and stable rental demand.
Property Facts
| Price | $5,827,758 USD | Apartment Style | Mid-Rise |
| Price Per Unit | $182,117 USD | Building Class | B |
| Sale Type | Investment | Building Size | 29,424 SF |
| Cap Rate | 4.34% | No. Stories | 4 |
| No. Units | 32 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.09/1,000 SF |
| Property Subtype | Apartment |
| Price | $5,827,758 USD |
| Price Per Unit | $182,117 USD |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 29,424 SF |
| No. Stories | 4 |
| Year Built | 1968 |
| Parking Ratio | 1.09/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+1 | 8 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
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