Property Details

521 22 Avenue SW
Calgary (A2199034)

$1,195,432
2,124 ft²
Note: This property may have a conditional offer. Talk to us for details.
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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.

Property details

Basic Info

MLS® #
A2199034
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Cliff Bungalow
Price
$1,195,432
Sale/Lease:
For Sale
Size:
2,124 sq.ft.
Year Built:
1911 (114 years old)

Building Info

Structure Type:
Five Plus
Garage:
No
Fence:
Basement:
No
Inclusions:
Appliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 4 Washer, 4 Dryer, 1 combination Washer/Dryer,

Lot / Land Info

Lot Size:
0.01 acres
Zoning:
M-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Metal Siding ,Wood Frame
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas

Listing Info

Possession:
Negotiable
Days on Market:
98
Your Agent
  • Alexander Beatty

    Grassroots Realty Group Grande Prairie, AB
    780-228-4266

    Email

    Ask a question
    Share This Listing
    Related Properties