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Investment Highlights

  • Brand-new five-story mixed-use building with 39 residential units and three ground-floor retail units.
  • Steps from Elbow River pathways, Lindsay Park, and major fitness and recreation amenities.
  • Located in Calgary’s Mission District, a walkable neighborhood with abundant dining and retail options.

Executive Summary

Solo on Fourth is a newly constructed five-story mixed-use property located in Calgary’s vibrant Mission District. Completed in 2024, this asset features 39 purpose-built rental units above three fully leased ground-floor retail units, offering a balanced income stream from both residential and commercial tenants. The residential component includes a modern unit mix of 24 one-bedroom and 15 two-bedroom suites, each equipped with energy-efficient appliances, in-suite laundry, and contemporary finishes.
The property offers two levels of secure underground parking with 40 stalls, dedicated bike storage, and a fifth-floor communal outdoor amenity space complete with BBQ facilities. Retail units front directly onto 4th Street SW, providing excellent visibility and signage opportunities in one of Calgary’s most desirable retail corridors.
Located steps from the Elbow River, Lindsay Park, and the MNP Community & Sport Centre, the property is surrounded by an array of restaurants, cafes, and boutique shops. It is within walking distance of 17th Avenue’s retail and entertainment district and offers convenient access to downtown Calgary and public transit. With strong lease-up momentum and a high-income tenant demographic, Solo on Fourth represents a premier investment opportunity in a thriving urban neighborhood.

Property Facts Under Contract

Price $23,000,000 CAD
Price Per Unit $589,744 CAD
Sale Type Investment
No. Units 39
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.28 AC
Building Size 37,083 SF
No. Stories 5
Year Built 2024
Parking Ratio 1.27/1,000 SF
Zoning C-COR1 - Commercial Corridor

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Walk-In Closets

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fitness Center
  • Grill
  • Roof Terrace
  • Bicycle Storage
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 24 - 512
2+1 15 - 735
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Exceptionally bikeable
90/100
  • Listing ID: 34033662

  • Date on Market: 2024-11-29

  • Last Updated:

  • Address: 1904 4 St SW, Calgary, AB T2S 1W3

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