Property Details for MLS® # A2199034
521 22 Avenue, Calgary
Multi Family for Sale
- MLS®#: A2199034
- Price: $1,195,432
- Parking: 4
- Status: Active
- Year Built: 1911
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

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
Community Information
- Address: 521 22 Avenue
- Neighbourhood: Cliff Bungalow
- City: Calgary
- Postal Code: T2S 0H5
interior
- Included: Appliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 4 Washer, 4 Dryer, 1 combination Washer/Dryer,
- Fireplace Details: For Sale
exterior
- Exterior Finish: Metal Siding , Wood Frame
- Construction: Metal Siding ,Wood Frame
- Roof: Asphalt Shingle
- Frontage: 11.42M 37`6" metres
services & amenities
- Parking: (4 Total Parking Spaces)
- Heating: Forced Air,Natural Gas
- Heating: Forced Air, Natural Gas
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