All Homes For Sale in Calgary
1651 8 Avenue NW
Hillhurst
Calgary
T2N 1C4
$12,499,999
Multi-Family
24,086 sq. ft.
built: 2021
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2330220
- Year Built:
- 2021
- Photos (17)
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Urban Gardens – Rare 23-Unit Offering in Prime Hillhurst Location
Exceptional opportunity to acquire a high-performing, purpose-built multi-unit property in the heart of Hillhurst. Located just a few blocks from Kensington, Riley Park, SAIT, and with direct access to downtown Calgary, Urban Gardens offers long-term stability and strong tenant appeal in one of Calgary's most sought-after inner-city neighbourhoods.
This thoughtfully designed development includes a total of 23 units:
12 four-storey townhomes, each featuring:
3 bedrooms (most with ensuite bathrooms)
Private balconies
11 legal basement suites (one per townhome)
11 titled private garages
Built with tenant comfort in mind, the majority of the townhomes feature ensuite bathrooms for each bedroom, modern open-concept layouts, and private outdoor living spaces. The property is centered around a beautifully landscaped communal courtyard with a community garden, fostering a sense of community while enhancing curb appeal.
Fully leased and generating positive cash flow, Urban Gardens offers investors immediate, stabilized income in one of Calgary's premier rental markets. Strong location fundamentals support both consistent occupancy and long-term appreciation, with residents enjoying walkable access to Kensington, SAIT, Riley Park, downtown Calgary, transit, shopping, restaurants, schools, and recreational amenities.
A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%, maturing December 1, 2030 (subject to lender and CMHC approval). This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt, enhancing cash flow and reducing financing costs while acquiring a stabilized, income-producing asset.
Rarely do stabilized, purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Urban Gardens represents an exceptional opportunity for private investors, family offices, and institutional buyers seeking immediate cash flow, long-term appreciation, and attractive in-place financing.
- Property Type:
- Multi-Family
- Property Sub Type:
- Row/Townhouse
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Home Style:
- 2 Storey
- Total Living Area:
- 24,086.4 sq. ft.2,238 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 17,792 sq. ft.1,653 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Levels:
- Three Or More
- Year built:
- 2021 (Age: 5)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 6219L
- Heating:
- Boiler, High Efficiency, Natural Gas
- Foundation:
- Poured Concrete
- Structure Type:
- Other
- Roof:
- Flat Torch Membrane
- Ensuite:
- No
- Cooling:
- Central Air
- Garage:
- No
- Garage Spaces:
- 23
- Parking:
- Parkade
- Parking Places:
- 23
- Parking Total/Covered:
- 23 / -
- Northwest
- Hillhurst
- 23 stoves, 23 refrigerators, 23 dishwashers, 23 washer/dryer sets, all window coverings, 12 air conditioning units, 11 garage door openers and controls
- See Remarks
- Title to Land:
- Fee Simple
- Patio And Porch Features:
- Deck
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- R-CG
- Listed Date:
- Jul 17, 2026
- Days on Mkt:
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Larger map options:
Listed by Royal LePage Solutions
Data was last updated July 20, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 42
- Avg list price:
- $2,893,500
- Min list price:
- $300,000
- Max list price:
- $17,250,000
- Avg days on market:
- 66
- Min days on market:
- 3
- Max days on market:
- 367
- Avg price per sq.ft.:
- $560.95
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- RYAN TORRIS
- Blackrock Real Estate Group & CIR REALTY
- (403) 710-7653
- Contact by Email
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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