521 22 Avenue SW
Calgary T2S 0H5
MLS® Number: A2199034
$ 1,195,432
0
BEDROOMS
0 + 0
BATHROOMS
1911
YEAR BUILT
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.
COMMUNITY | Cliff Bungalow |
PROPERTY TYPE | Multi Family |
BUILDING TYPE | Five Plus |
STYLE | N/A |
YEAR BUILT | 1911 |
SQUARE FOOTAGE | 0 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | |
AMENITIES | |
APPLIANCES | |
COOLING | |
FIREPLACE | N/A |
FLOORING | |
HEATING | Forced Air, Natural Gas |
LAUNDRY | |
LOT FEATURES | |
PARKING | |
RESTRICTIONS | None Known |
ROOF | Asphalt Shingle |
TITLE | |
BROKER | eXp Realty |
ROOMS | DIMENSIONS (m) | LEVEL |
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