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$ 1,195,432
Est. payment /mo
Price Dropped by $3K
521 22 Avenue SW Calgary, AB T2S0H5
2,124 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,124 sqft
Price per Sqft $562
Subdivision Cliff Bungalow
MLS® Listing ID A2199034
Year Built 1911
Lot Size 423 Sqft
Acres 0.009711241
Source Calgary Real Estate Board
Property Description
Exceptional investment opportunity in Calgary's vibrant Cliff Bungalow/Mission community. This well-maintained 5-unit property is situated on a 37.5' x 120' lot on a quiet, tree-lined street—just steps from 4th Street and 17th Avenue, surrounded by top restaurants, boutique shopping, and major transit options.The building includes four 1-bedroom units and one 2-bedroom unit, all featuring in-suite washer/dryers. Three suites were recently leased with June 1st start dates, and all five are fully tenanted with leases in place. Current annual rental income is $95,340, reflecting an estimated 8% cap rate.Interior updates include modernized bathrooms in three of the units and tasteful finishes throughout. Three suites are furnished, offering flexibility for both long- and short-term rental strategies. The property also features off-street parking for four vehicles and a storage shed.This is a highly desirable lifestyle location—less than one block to Lululemon, Starbucks, boutique fitness studios, yoga, and the MNP Community & Sport Centre, a world-class training facility. The area attracts professionals and active urban dwellers, contributing to strong rental demand and long-term value.The City of Calgary has confirmed the property as a legal non-conforming 5-unit multi-family dwelling (see supplements). This is a rare opportunity to acquire a cash-flowing asset in one of Calgary's trendiest and most walkable inner-city neighbourhoods. (id:24570)
Location
State AB
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Listed by eXp Realty