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$1,199,000
10 Days On Site

521 22 Avenue SW
Calgary, AB T2S 0H5

For Sale|Single Family Residence|Active
6
Beds
5
Full Baths
0
Partial Baths
2,124
SqFt
$565
/SqFt
1911
Built
Subdivision:
Cliff Bungalow
County:
Calgary

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(587) 847-0449
521 22 Avenue SW521 22 Avenue SW521 22 Avenue SW521 22 Avenue SW
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Prime investment opportunity in Calgary’s Cliff Bungalow/Mission district with a 6.5% cap rate and $102,000 annual gross income. This well-maintained 5-plex sits on a 37.5’ x 120’ lot on a picturesque, tree-lined street, just steps from 4th Street, 17th Avenue, restaurants, shops, and transit. Originally built in the early 1900s and converted into five units in the 1950s and 60s, the property features four one-bedroom units and one two-bedroom unit, each with modern conveniences while maintaining the charm of the original home. Recent updates include new shingles in 2021 and fully renovated bathrooms in Units #1 and #2 in 2022. The sale includes furnishings in three of the five suites, offering a turnkey opportunity for investors looking to operate long-term or short-term rentals. The property has a strong rental history and has previously operated as a high-performing short-term rental, demonstrating its revenue-generating potential. Additional features include off-street parking for four vehicles, a storage shed, and easy access to major transit routes, including the #3 bus and Erlton C-Train station. Located near the Elbow River pathways and MNP Community & Sport Centre, this location is ideal for active urban dwellers. With all five units currently occupied but with leases ending soon, investors have the flexibility to adjust rental rates or explore redevelopment opportunities. Whether expanding a rental portfolio or planning for future development, this rare inner-city gem offers immediate income and long-term potential in one of Calgary’s most desirable neighborhoods.

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Listing Snapshot
Price 
$1,199,000
Days On Site 
10 Days
Bedrooms 
6
Inside Area (SqFt) 
2,124 sqft
Total Baths 
5
Full Baths 
5
Partial Baths 
N/A
Lot Size 
0.01 Acres
Year Built 
1911
MLS® Number 
A2198714
Status 
Active
Property Tax 
$5,172
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
14 hours agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.01
Direction Faces 
North
Parking Spaces 
4
Property Sub Type 
Single Family Residence
SqFt Below 
1143.5
Stories 
Two
Style 
2 Storey
Water Source 
Public
Zoning 
M-CG
Interior Features
Appliances 
DishwasherCooktopWasher
Basement 
FinishedFull
Flooring 
Ceramic TileCarpetLaminateTileHardwood
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Metal Siding
Fencing 
Fenced
Frontage 
11.42M 37`6"
Lot Features 
Level
Roof 
AsphaltShingle
Listing courtesy of Bryon Howard of eXp Realty

Listing information is provided by Participants of the Alberta One Realty Listing Services (Pillar 9). IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Alberta One Realty Listing Services (Pillar 9)
Last checked 2025-03-15 06:28 AM UTC

Neighborhood & Commute
Source: Walkscore
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