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https://www.cirrealty.ca/reb/creb/46/A2192046_2.jpg https://www.cirrealty.ca/reb/creb/46/A2192046_3.jpg

1728 29 Street SW

Calgary T3C1M4

MLS® Number:  A2192046

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  • 1728 29 Street SW

$ 3,095,000

0

BEDROOMS

0 + 0

BATHROOMS

2025

YEAR BUILT

https://www.cirrealty.ca/reb/creb/46/A2192046_2.jpg

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Kam Dhillon

403-970-8811

MLS® Number
A2192046
PROPERTY TYPE
Row/Townhouse
LISTING DATE
February-03-2025

Elevate your real estate portfolio with this exceptional new construction rental project in Shaganappi, a prime inner-city Calgary community. This development offers eight rental suites across two buildings, featuring spacious UPPER UNITS OF 1361 sqft with THREE BEDROOMS and 2.5 baths, complemented by spacious 622 sqft 1-bedroom lower units. A 4-car detached garage with lane access adds convenience and value to this prime property, set for completion in June 2025. Investors will appreciate the numerous benefits this opportunity presents. The large size units and prime location near downtown Calgary and major amenities ensure high demand and the potential for above-average rents. Situated on a generous 130ft lot, these townhomes boast a superior design that sets them apart from comparable developments in the area. Low-maintenance Hardy board exteriors minimize upkeep costs, while high-efficiency HVAC systems contribute to energy savings and tenant comfort. The use of durable finishes throughout ensures long-term performance, making this an ideal addition to any investment portfolio. Shaganappi’s desirable inner-city location combines the best of urban living with the charm of an established neighborhood. Residents will enjoy easy access to 17th Avenue, downtown, parks, shopping, and entertainment, making these units highly attractive to potential tenants. This purpose-built revenue property in one of Calgary’s most sought-after neighborhoods represents a unique opportunity to invest in a high-quality, low-maintenance asset with strong income potential. The combination of prime location, thoughtful design, and modern amenities positions this development for long-term appreciation and steady rental income. Don’t miss this chance to secure your stake in Calgary’s thriving real estate market. Contact Kam Dhillon today for more details and to explore how this exceptional investment opportunity can help you achieve your financial goals. With its prime location, superior construction, and strong rental potential, this Shaganappi development is poised to become a cornerstone of your real estate portfolio. Act now to be part of this exciting investment opportunity in one of Calgary’s most desirable communities. Priced with a 5.30% CAPITALIZATION RATE on rents of $2850 ($2.10 sqft) for upper units, $1450 ($2.20sqft) for lower suites and 20% op costs for a net income of approx $164,000 per year.

COMMUNITY  Shaganappi
PROPERTY TYPE  Row/Townhouse
BUILDING TYPE  Other
STYLE  2 Storey, Up/Down
YEAR BUILT 2025
SQUARE FOOTAGE  5,444
BEDROOMS  0
BATHROOMS  0
BASEMENT  Separate/Exterior Entry, Full, Suite
AMENITIES 
APPLIANCES 
COOLING 
FIREPLACE  N/A
FLOORING 
HEATING  Forced Air, Natural Gas
LAUNDRY 
LOT FEATURES 
PARKING  Alley Access, Quad or More Detached
RESTRICTIONS  None Known
ROOF 
TITLE  Fee Simple
BROKER  CIR Realty

 

 

ROOMS DIMENSIONS (m) LEVEL
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3103 sqft | 0 Beds | 0 + 0 Baths    

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.