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CMHC MLI Townhouse Development Opportunity in Calgary

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PREMIUM MULTIFAMILY DEVELOPMENT OPPORTUNITY NEAR UNIVERSITY OF CALGARY

This exceptional builder and investor opportunity offers a fully approved townhouse development project in one of the most desirable locations in Calgary. With development permits approved, CMHC MLI Select eligibility, and strong rental demand drivers nearby, this project provides immediate potential for high returns and long-term growth.

Designed for multifamily investment and rental income, this property is ideal for developers, institutional investors, and builders seeking high-density residential opportunities.

PROJECT OVERVIEW

Townhouse 5-Plex Development
5 Legal Secondary Suites
Approx. 1700+ sq ft upper units
Development Permit Approved
New Address Assigned
CMHC MLI Select Eligible
Proforma Available
Secure with low down payment options
High rental yield potential

This project is structured to maximize cash flow and long-term appreciation through legal suite income and strong tenant demand.


Property Features

Modern Townhome Design

22’ wide front units
Balcony included
3 bedrooms + 3.5 bathrooms (upper units)
1 bed / 1 bath legal basement suite
Contemporary layout for rental optimizatio
High-density residential configuration

Each unit is designed for functional living, tenant appeal, and strong rental performance.

Prime Location Benefits

This development sits in a high-demand rental corridor near major amenities:

Close to University of Calgary
Near Calgary Olympic Park
Minutes from Market Mall
Close to Alberta Children’s Hospital
Easy access to transit, schools, and employment hubs

Proximity to major institutions ensures consistent tenant demand and long-term value growth.

CMHC MLI Select Investment Advantage

This property qualifies under programs from Canada Mortgage and Housing Corporation (CMHC), offering significant benefits to investors:

Higher loan-to-value financing
Reduced borrowing costs
Improved cash flow potential
Incentives for multifamily housing development
Lower capital entry requirements

CMHC-backed projects provide strong stability and financing flexibility.

Development Status

Project Ready for Construction

Development Permit Approved
New municipal addressing completed
Site layout and planning finalized
Multifamily zoning approved
This reduces development risk and accelerates project timelines.

Investment Potential

Calgary continues to experience strong population growth and housing demand, making multifamily properties one of the most attractive real estate investments in Alberta.

This opportunity offers:
Multiple income streams per unit
High rental demand location
Government-backed financing programs
Long-term appreciation potential
Scalable investment structure

Who This Opportunity Is Ideal For

This development sits in a high-demand rental corridor near major amenities:

Real estate developers
Multifamily investors
Builders seeking approved projects
Institutional investors
Buy-and-hold rental investors

Around the Area

Close to everything just around the corner

Places close by

Groceries

  • Sobey's
  • Safeway
  • Real Canadian Superstore

Coffee Shops

  • Euphoria Cafe
  • Tim Horton's
  • Average Joe

Dining

  • Vero Bistro Moderne
  • JOEY Crowfoot
  • Jurees Thai Place Restaurant

Pubs + Bars

  • Kensington Pub
  • Side Street Pub & Grill
  • The Ship & Anchor

Parks

  • Nose Hill Park
  • Confederation Park
  • Shouldice Park

Schools

  • Hillhurst School
  • Queen Elizabeth School
  • River Valley School
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