Overview
Solo on Fourth is a brand new five-storey mixed-use building with 39 purpose-built rental units above one level of ground floor retail space in the heart of Calgary’s trendy Mission District.
Construction was completed in 2024 and occupancy is now underway. The ground floor commercial space is 100% leased, and residential units were 80% leased as of November 2024.
Building features include an attractive unit mix of 24 one-bedrooms and 15 two-bedrooms; two-levels of underground parking totaling 40 stalls (31 residential, 5 commercial and 4 visitor); secured underground bike storage; and communal outdoor amenity space on fifth floor complete with BBQ facilities.
Residential suites include modern energy efficient appliances including dishwashers and in-suite laundry. The retail units are fronting directly onto 4th Street SW with excellent exposure and signage opportunities.
Location
Solo on Fourth is located in the amenity rich Mission District at the southeast corner of 4th Street SW and 19th Avenue SW. The neighbourhood is well known for its lively mix of restaurants, nightlife, and trendy shops. The property is within 600 m of a major grocery store, fitness studios, coffee shops, and dozens of restaurants.
The location also offers proximity to downtown Calgary and is within a 15-minute walk of an LRT station and two-blocks from Lindsay Park and the extensive trails lining the Elbow River.
Suite mix
No. units | Average size | Rent range | |
---|---|---|---|
Commercial | No. units3 | Average size2,581 SF | Rent range$48 - $54 PSF |
1 bedroom | No. units24 | Average size512 SF | Rent range$1,784 - $1,985 |
2 bedroom | No. units15 | Average size735 SF | Rent range$2,395 - $2,524 |
Financials
Financing | Treat as clear title | |
---|---|---|
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,447,640 Vacancy(51,255) Effective gross$1,396,385 Operating expenses(283,879) Net operating income$1,112,506 |
Notes | For more information, please contact the undersigned below. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3