521 22 Avenue SW, Calgary, Alberta, T2S 0H5

Cliff Bungalow, Calgary
  • Commercial, Multi-Family
  • A2199034
  • MLS Number
  • 0.01
  • Lot sqft
  • 1911
  • Year Built
Property Description
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.
Property Details
  • Property Type Commercial, Multi-Family
  • MLS Number A2199034
  • Year Built 1911
  • Property Status Active, Pending
  • Parking 4
  • Brokerage name eXp Realty
Features & Amenities
Location
Tour Type
Ken Morris Associate Broker
Call (403) 804 7314
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