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. (id:55577)
Property Features
- MLS® Number A2199034
- Price $1,195,432
- Square Footage: 2124 sqft
- Property Type: Multi-Family
- Community Name: Cliff Bungalow
- Parking Space Total 4
- Plan 4453l
- Road Type Paved Road
Buildings
| Constructed Date | 1911 | Construction Material | Wood Frame |
| Exterior Finish | Metal | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Size Exterior | 2124 Sqft | Size Interior | 2124 Sqft |
| Total Finished Area | 2124 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Depth | 36.59 M |
| Size Frontage | 11.42 M | Size Irregular | 39.30 |
| Size Total | 39.3 M2|0-4,050 Sqft | Size Total Text | 39.3 M2|0-4,050 Sqft |
| Zoning Description | M-cg |
Agents and Offices
- Bryon R. Howard
- Office: Exp Realty