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 Tessa Corley-Rae & Maria Corley About MLS® A2199034

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Tessa Corley-Rae & Maria Corley , 403.478.1232 at Real Estate Professionals Inc., 202, 5403 Crowchild Trail NW, Calgary, Alberta, T3B 4Z1

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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Listing Courtesy of
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.