Calgary, AB T2S0H5 521 22 Avenue SW
$1,199,000



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Presented By: eXp Realty
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