423 3 Avenue, Calgary

Multi Family for Sale

423 3 Avenue, Calgary, MLS® # A2348121
  • MLS®#: A2348121
  • Price: $2,499,000
  • Parking: 10
  • Status: Active
  • Year Built: 1979
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Concrete construction, strong in-place income, and MC-2 zoning combine to make this a rare multifamily opportunity in Crescent Heights. This well-maintained four-storey walk-up offers 10 bright, above-grade suites, each with a Juliet balcony and excellent natural light. The desirable unit mix includes six 1-bedrooms, two 2-bedrooms, and two 3-bedroom apartments, with the 3-bedroom units featuring both a four-piece main bath and a two-piece ensuite. Recent upgrades—including refreshed hallway flooring and new steel doors and frames—enhance durability and presentation, while the concrete structure provides long-term performance and superior sound attenuation. Residents benefit from 10 energized, assigned parking stalls and 10 secure storage lockers, supporting stable occupancy and strong tenant appeal. With $192,660 in current annual income and a 2026 NOI of $144,898, this asset delivers reliable cash flow today and meaningful upside through interior modernization. The 50 ft x 125 ft lot and MC-2 zoning also support future redevelopment potential in one of Calgary’s most sought-after rental corridors. A clean, well-managed building with no deferred maintenance—ideal for investors seeking both stability and long-term value.

Contact Dan Salloum About MLS® A2348121

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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®#: A2348121
  • Year Built: 1979
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Community Information

  • Address: 423 3 Avenue
  • Neighbourhood: Crescent Heights
  • City: Calgary
  • Postal Code: T2E 0H7
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interior

  • Included: 10 refrigerators, 10 electric stoves, 10 hood fans, 2 washing machines, and 2 dryers.
  • Fireplace Details: For Sale
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exterior

  • Exterior Finish: Concrete
  • Construction: Concrete
  • Roof: Asphalt Shingle,Membrane
  • Frontage: 15.24M 50`0" metres
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services & amenities

  • Parking: (10 Total Parking Spaces)
  • Heating: Boiler,Natural Gas
  • Heating: Boiler, Natural Gas
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$2,499,000

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Listing Courtesy of
RE/MAX Complete 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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