Data was last updated 2025-06-10 at 07:20:04 GMT
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
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.