info@settlersrealty.ca
CONTACT
$1,195,432
 
2124 Sq.Ft.
521 22 Avenue SW, Cliff Bungalow, Calgary, Alberta, T2S0H5
MLS® Number: A2199034

Multi-family House for Sale in Avenue SW Cliff Bungalow Calgary

Property Information

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:50315)

Property Summary
Property Type

Multi-family

Building Type

Storey

Community Name

Subdivision Name

Cliff Bungalow

Title

 

Land Size
2124Sq.Ft.
Built in
1911
Annual Property Taxes
$5172
Parking Type
Published
102 days
Building
Bedrooms
Total
Below Grade
 
Bathrooms
Total
Partial
Interior Features
Appliances Included

Flooring

Basement Features

Basement Type

Building Features
Features

Foundation Type

Poured Concrete

Architectural Style

Construction Material

Wood frame

Floor Space
2124.00Sq.Ft.
Total Finished Area
2124.00Sq.Ft.
Structures
Metal
Heating & Cooling
Cooling
Fireplace
Heating Type
Forced air, Natural gas
Exterior Features
Exterior Finish
Metal
Neighbourhood Features
Amenities Nearby
 
 
Parking Type
Total Parking Spaces
4
Interested in this property?
Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
Have a question or just want to learn a bit more about the property? That's what I'm here for! Would you like me to send you more information.
Yes, send me more info
Buying
• MacEwan Glen Homes for Sale: Finding Your Ideal Northwest Calgary Home • Explore Sherwood Calgary’s High-End Homes in 2024 • Luxury Living in Sage Hill: Exploring High-End Real Estate Options • Hanson Ranch Calgary's Premier Destination for Luxury Living in 2024 • Luxury Homes in Sandstone Valley: Experience Elevated Calgary Living • Exploring the Best Family Homes in Brentwood Calgary • Hidden Gems: Explore the Best Properties in Citadel, Calgary • Experience Elevated Living: Exploring Ranchlands’ Most Exclusive Homes • Find Your Forever Home in Nolan Hill: The Latest Property Listings • Experience Elevated Living: The Best Luxurious Homes in Evanston, Calgary • Panorama Hills Duplex Living: Spacious Designs, Prime Location • Family-Friendly Living: Real Estate Opportunities in Edgemont, Calgary • Why Millrise is Calgary’s New Hotspot for Luxury Property Buyers? • Luxury Living in Oakridge: Explore the Best Homes for Sale • Discover Luxury Living: Exclusive Real Estate Opportunities in Patterson, Calgary • Investment Opportunities in 2024: Homes for Sale in Discovery Ridge, Calgary • Braeside's Most Luxurious Properties: Your Dream Home Awaits • Elevate Your Lifestyle: Luxurious Real Estate Opportunities in Kingsland, Calgary • Living Lavishly: Inside Elboya's Most Prestigious Properties • Investing in Single-Family Homes: Eau Claire, Calgary’s Best Opportunities
STAY UPDATED WITH THE LATEST TRENDS
Latest Blog
Discover Calgary’s Top Neighborhoods to Live In 2025
June 09, 2025
Discover Calgary’s Top Neighborhoods to Live In 2025
Calgary is a city of contrasts — bustling urban energy balanced with the serenity of the Rocky Mountains just a short drive away. Whether you’re relocating, investing, or just curious, choosing the right neighborhood is crucial. Here’s our roundup of the top Calgary neighborhoods in 2025 that offer an outstanding lifestyle, amenities, and community vibe.
Why Buying a Condo in Calgary is a Smart Real Estate Move
June 02, 2025
Why Buying a Condo in Calgary is a Smart Real Estate Move
Calgary is quickly becoming a hotspot for real estate investment, and condos are leading the charge. With a booming economy, scenic views of the Rockies, and a high quality of life, many homebuyers and investors are turning their eyes toward Calgary’s growing condo market.
Why Calgary Duplex Homes Are the Smart Buy in 2025?
May 29, 2025
Why Calgary Duplex Homes Are the Smart Buy in 2025?
Calgary duplex homes are among the best real estate investments you can make in 2025 if you want to optimize value, generate income, and invest in a versatile property type that accommodates a variety of lifestyles. 
By using our site, you agree to our Terms of use and Privacy Policy     Dismiss