Calgary, AB T2S0H5 521 22 Avenue SW

521 22 Avenue SW Calgary, AB - Image 1521 22 Avenue SW Calgary, AB - Image 2521 22 Avenue SW Calgary, AB - Image 3
44 more
521 22 Avenue SW Calgary, AB - Image 4521 22 Avenue SW Calgary, AB - Image 5521 22 Avenue SW Calgary, AB - Image 6521 22 Avenue SW Calgary, AB - Image 7521 22 Avenue SW Calgary, AB - Image 8521 22 Avenue SW Calgary, AB - Image 9521 22 Avenue SW Calgary, AB - Image 10521 22 Avenue SW Calgary, AB - Image 11521 22 Avenue SW Calgary, AB - Image 12521 22 Avenue SW Calgary, AB - Image 13521 22 Avenue SW Calgary, AB - Image 14521 22 Avenue SW Calgary, AB - Image 15521 22 Avenue SW Calgary, AB - Image 16521 22 Avenue SW Calgary, AB - Image 17521 22 Avenue SW Calgary, AB - Image 18521 22 Avenue SW Calgary, AB - Image 19521 22 Avenue SW Calgary, AB - Image 20521 22 Avenue SW Calgary, AB - Image 21521 22 Avenue SW Calgary, AB - Image 22521 22 Avenue SW Calgary, AB - Image 23521 22 Avenue SW Calgary, AB - Image 24521 22 Avenue SW Calgary, AB - Image 25521 22 Avenue SW Calgary, AB - Image 26521 22 Avenue SW Calgary, AB - Image 27521 22 Avenue SW Calgary, AB - Image 28521 22 Avenue SW Calgary, AB - Image 29521 22 Avenue SW Calgary, AB - Image 30521 22 Avenue SW Calgary, AB - Image 31521 22 Avenue SW Calgary, AB - Image 32521 22 Avenue SW Calgary, AB - Image 33521 22 Avenue SW Calgary, AB - Image 34521 22 Avenue SW Calgary, AB - Image 35521 22 Avenue SW Calgary, AB - Image 36521 22 Avenue SW Calgary, AB - Image 37521 22 Avenue SW Calgary, AB - Image 38521 22 Avenue SW Calgary, AB - Image 39521 22 Avenue SW Calgary, AB - Image 40521 22 Avenue SW Calgary, AB - Image 41521 22 Avenue SW Calgary, AB - Image 42521 22 Avenue SW Calgary, AB - Image 43521 22 Avenue SW Calgary, AB - Image 44521 22 Avenue SW Calgary, AB - Image 45521 22 Avenue SW Calgary, AB - Image 46521 22 Avenue SW Calgary, AB - Image 47521 22 Avenue SW Calgary, AB - Image 48
Presented By: eXp Realty
  • MLS# A2199034
  • 03/04/2025
  • Request Tour
  • Request Info

Home Details

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.
Presented By: eXp Realty

Interior Features for 521 22 Avenue SW

Other Interior Features

Building Area Total SF2124.00
Building Area Total Metres197.32
EnsuiteNo
Main Level AreasSquareFeet

General for 521 22 Avenue SW

Accessto PropertyBack Alley Access, Paved Road
Business YNNo
Construction MaterialsMetal Siding, Wood Frame
DistrictCAL Zone CC
HeatingForced Air, Natural Gas
Parking Total4
Property SubtypeMulti Family
Property TypeCommercial
Public RemarksPrime 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 picturesqu
RoofAsphalt Shingle
Structure TypeOther
Subdivision NameCliff Bungalow
Transaction TypeFor Sale
ZoningM-CG

Exterior for 521 22 Avenue SW

Building Area Total2124.00
Foundation Poured Concrete
Frontage Length11.42M 37`6
Garage Y/NNo
InclusionsAppliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 2 Washer, 2 Dryer, 1 combination Washer/Dryer
Lot Size Acres0.01

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $1,199,000
MLS#A2199034
List Date 03/04/2025
Property Type Commercial
Phone 403.608.2191
Request Tour
Request Info
Visit My Website

Similar Properties to 521 22 Avenue SW