521 22 Avenue, Calgary

Multi Family for Sale

521 22 Avenue, Calgary, MLS® # A2199034
  • MLS®#: A2199034
  • Price: $1,195,432
  • Parking: 4
  • Status: Active
  • Year Built: 1911
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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.

Contact Dan Salloum About MLS® A2199034

Required Field

Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4

property information

  • Property Type: Multi Family
  • MLS®#: A2199034
  • Year Built: 1911
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Community Information

  • Address: 521 22 Avenue
  • Neighbourhood: Cliff Bungalow
  • City: Calgary
  • Postal Code: T2S 0H5
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interior

  • Included: Appliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 4 Washer, 4 Dryer, 1 combination Washer/Dryer,
  • Fireplace Details: For Sale
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exterior

  • Exterior Finish: Metal Siding , Wood Frame
  • Construction: Metal Siding ,Wood Frame
  • Roof: Asphalt Shingle
  • Frontage: 11.42M 37`6" metres
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services & amenities

  • Parking: (4 Total Parking Spaces)
  • Heating: Forced Air,Natural Gas
  • Heating: Forced Air, Natural Gas
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$1,195,432

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eXp Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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