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New 79-unit Calgary rental building sells for $36.8 million

Completed in 2019 near Riley Park and the Sunnyside LRT station, the total leasable space is more than 64,000 square feet in a condo-quality complex
1124 5th Calgary
Goodman Commercial Inc., Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1124 5th Avenue NW, Calgary

Number of units: 79

Built: 2021

Property size: 64,008 square feet (leasable).

Land size: 26,231 square feet

Sale price: $36.8 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman, Cynthia Jagger