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1812 26th Ave SW 22 Unit Apartment Building $3,200,000 CAD ($145,455 CAD/Unit) 5.44% Cap Rate Calgary, AB T2T 1E1
Executive Summary
Jennifer Apartments presents a compelling value-add investment opportunity in Calgary’s highly desirable Bankview community, one of the city’s most established inner-city neighbourhoods.
Built in 1956, this 22-unit apartment building sits on an 11,934 SF site and offers a suite mix of 20 bachelor suites, 1 one-bedroom suite, and 1 non-conforming two-bedroom suite located in the lower level. The property is currently operating below market rents, presenting immediate upside for a new owner.
The investment thesis centers on bringing in-place rents to market, activating ancillary revenue streams such as on-site coin-operated laundry and surface parking that are not currently being charged for, and unlocking the value of underutilized basement space.
With straightforward operational upside and a location minutes from 17th Avenue SW, Marda Loop, and downtown Calgary, Jennifer Apartments offers an attractive entry point into one of Calgary’s strongest rental submarkets.
Built in 1956, this 22-unit apartment building sits on an 11,934 SF site and offers a suite mix of 20 bachelor suites, 1 one-bedroom suite, and 1 non-conforming two-bedroom suite located in the lower level. The property is currently operating below market rents, presenting immediate upside for a new owner.
The investment thesis centers on bringing in-place rents to market, activating ancillary revenue streams such as on-site coin-operated laundry and surface parking that are not currently being charged for, and unlocking the value of underutilized basement space.
With straightforward operational upside and a location minutes from 17th Avenue SW, Marda Loop, and downtown Calgary, Jennifer Apartments offers an attractive entry point into one of Calgary’s strongest rental submarkets.
Property Facts
| Price | $3,200,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $145,455 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.44% | Building Size | 21,618 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Zoning | M-C2 | ||
| Price | $3,200,000 CAD |
| Price Per Unit | $145,455 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 21,618 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | M-C2 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
Very walkable
80/100
Fairly drivable
40/100
Some public transit
50/100
Moderately bikeable
60/100
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1812 26th Ave SW
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