Listing Details

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Data was last updated 2025-06-10 at 07:20:04 GMT

521 22 Avenue SW   Calgary, Alberta

$1,195,432
MLS®: A2199034
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.

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.

Listing Information

Prop. Type:
Multi Family (Commercial)
Status:
Active
City:
Calgary
Neighbourhood:
Cliff Bungalow
Area:
Calgary
Province:
Alberta
MLS® Number:
A2199034
Listing Price:
$1,195,432

General Information

Year Built:
1911

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This property is listed by Exp Realty and provided here courtesy of Jim Beatty. For more information or to schedule a viewing please contact Jim Beatty.
Jim Beatty
Remax Landan Real Estate
Phone: 403-607-5801
Mobile Phone: 403-607-5801
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
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JIM BEATTY 

RE/MAX Landan Real Estate 
#102, 279 Midpark Way SE
Calgary, Alberta T2X 1M2