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Mount Pleasant 2124 7 St NW 6 Unit Apartment Building $3,200,000 CAD ($533,333 CAD/Unit) 3.83% Cap Rate Calgary, AB
Investment Highlights
- Newly completed building with a modern look.
- Located near a park.
- Each unit includes development, 3 bedrooms, 4.5 bathrooms and a detached single-car garage.
- Easy access to major highways.
Executive Summary
A rare inner-city commercial opportunity in the heart of Mount Pleasant, one of Calgary's most desirable mature communities. The townhouse project was built by the owner for long-term family use, resulting in a higher standard of craftsmanship, careful material selection, and exceptional attention to detail throughout. Situated on a 50’ x 120’ corner lot, this modern 4 row townhouse development offers a total of 6 units with income flexibility, quality construction, and an A+ location — all without the noise and congestion of a major thoroughfare. Each townhouse unit offers over 2,000 sqft of development, 3 bedrooms, 4.5 bathrooms and a detached single-car garage. The end units offer a studio suite, while the interior units offer a developed basement. Designed by respected Calgary architect John Trinh & Associates. Ideal for investors, portfolio holders, or future individual resale stratification.
741 21 Avenue NW, 2126 7 Street NW, 2124 7 Street NW & 2122 7 Street NW
741 21 Avenue NW, 2126 7 Street NW, 2124 7 Street NW & 2122 7 Street NW
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$146,400
|
$17.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,928
|
$0.35
|
| Effective Gross Income |
$143,472
|
$17.18
|
| Taxes |
$18,000
|
$2.16
|
| Operating Expenses |
$2,928
|
$0.35
|
| Total Expenses |
$20,928
|
$2.51
|
| Net Operating Income |
$122,544
|
$14.67
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $146,400 |
| Annual Per SF | $17.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,928 |
| Annual Per SF | $0.35 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,472 |
| Annual Per SF | $17.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $2.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,928 |
| Annual Per SF | $0.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,928 |
| Annual Per SF | $2.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $122,544 |
| Annual Per SF | $14.67 |
Property Facts
| Price | $3,200,000 CAD | Building Class | B |
| Price Per Unit | $533,333 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,352 SF |
| Cap Rate | 3.83% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-CG - Residential – Grade-Oriented Infill District | ||
| Price | $3,200,000 CAD |
| Price Per Unit | $533,333 CAD |
| Sale Type | Investment |
| Cap Rate | 3.83% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 8,352 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | R-CG - Residential – Grade-Oriented Infill District |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Basement
- Deck
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Bicycle Storage
- Walk-Up
- Smoke Detector
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (92)
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Mount Pleasant | 2124 7 St NW
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