1636 19 Avenue NW · Multi-family

1636 19 Avenue NW is a 13-unit multi-family in Calgary, AB, asking $3,125,000 — $240,385 per door.

That lands inside the Calgary band of $190k - $310k per door, so the ask is not the thing that decides this deal — the rent roll is. Calgary cap rates screen 5.6% - 7.2% and average rent runs about $2,050 a door.

At 13 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

Calgary screens well for current yield, population growth, and landlord policy, with cyclical exposure still worth stress testing. Investor demand reads high, vacancy tightening.