521 22 Avenue SW, Calgary, Alberta
$1,195,432
- 2,124 Square Feet
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:23309)
- Listing ID: A2199034
- Property Type: Multi-family
- Year Built: 1911
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 521 22 Avenue SW in Calgary Ontario. It was last modified on March 4th, 2025. Contact the Farell Partners Realty Group to schedule a viewing or to discover other Calgary real estate for sale.