In early 2026, the first families will be moving into the 230-unit Albert Park – Radisson Heights townhouse development from Attainable Homes.
The one-to-five bedroom development, when complete, will represent a major milestone in the creation of affordable housing in Calgary, with a unique model for purchasing rather than renting properties.
While work is already underway to develop the 8.77 acre site where the former David D. Oughton school was located, Attainable Homes, along with the land’s purchaser Calgary Municipal Land Corporation (CMLC), were on hand to undertake a symbolic sod turning on the project.
“There is a huge opportunity and need for well designed, smartly delivered rental and condo homes, and we are delighted to work with industry partners like Attainable Homes Calgary to bring this housing to life,” said Kate Thompson, CEO of CMLC.
Approximately a third of the new townhouses will be five-bedroom units, another third two-level stacked townhouses, and the final third single-level living townhouses.
The project will also incorporate a three-acre green space park, which will include a fenced off-leash dog park, basketball courts, and community gathering spaces that will be available to all residents in Albert Park.
Townhouses to sell for between $170k and $330k
Jaydan Tait, CEO of Attainable Homes Calgary, said that all of the units would be thoughtfully designed while also contributing to the revitalization of the community.
The units will also be sold far below market value, with the one-bedroom units costing around $170,000, and the largest units topping off at no more than $330,000.
“The goal in the effort is to design appropriately, keep those input costs as low as possible,” he said.
Despite the low cost, Tait said that the fit and finish was equal to that of market-priced units, and in some ways superior to those with above-code, hail-resistant siding.
“The market can offer you a house that you can go buy in the market, but here we’re looking for people that contribute very strongly to Calgary’s economy, Calgary’s cultural life, that just can’t be in a market home right now,” Tait said.
“The main factor determining eligibility for the units is income. We’ve been working on selling townhouses and apartments for over 15 years, and we have eligibility income limits. So if you earn over a certain income, basically over the moderate income for Calgary, we will not sell a townhouse to you.”
The Attainable Homes program works by helping buyers purchase a home at below market value, with the home being sold back to Attainable Homes in the future at the same price it was purchased for. Those homes would then be sold to new families in need.
Tait said the decision to construct townhomes versus a tower on the site came down to finding the right cost structure to build the homes.
“Town housing tends to be significantly less expensive to build than an apartment… whether it’s six-storey wood frame with underground parking, high-rise apartments, whatever it happens to be. The cost to build that material with concrete, steel, other things related to the challenges related to trade wars and tariffs and everything else, the cost in that material is very high,” Tait said.
“That’s why townhouses are so attractive on this site. Basically, wood frame housing and the cost fluctuations we’ve seen in other build forms aren’t as severe when it comes to wood frame townhouse pricing, so we’re able to regulate some of that future impact by virtue of the type of housing we’re building.”
He said clients of Attainable Homes have expressed a fondness for the townhouse form, with the ability to raise multi-generational families in that built form.
“First time home buyers had mom and dad in the unit, couple of kids in the bedroom, mom and dad in the basement, perfect multi-generational living. That’s going to be a driver here, and those are the types of families we’re going to be able to sell to at this project,” Tait said.
