CAD$1,297,000 Sale

521 22 Ave SW

Calgary, Alberta, T2S0H5

4+254| 2124 sqft

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Summary

IDA2114456
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Detached
RoomsBed:4+2,Bath:5
Square Footage2124 sqft
Land Size4553.13 sqft|4051 - 7250 sqft
AgeConstructed Date: 1911
Listing Courtesy ofeXp Realty

Detail

Building
Bathroom Total5
Bedrooms Total6
Bedrooms Above Ground4
Bedrooms Below Ground2
AppliancesWasher,Refrigerator,Dishwasher,Stove
Basement DevelopmentFinished
Construction MaterialWood frame
Construction Style AttachmentDetached
Cooling TypeNone
Exterior FinishMetal
Fireplace PresentFalse
Flooring TypeCarpeted,Ceramic Tile,Hardwood,Laminate,Linoleum
Foundation TypePoured Concrete
Half Bath Total0
Heating FuelNatural gas
Heating TypeForced air
Size Interior2124 sqft
Stories Total2
Total Finished Area2124 sqft
Utility WaterMunicipal water
Basement
Basement TypeFull (Finished)
Land
Size Total4553.13 sqft|4,051 - 7,250 sqft
Size Total Text4553.13 sqft|4,051 - 7,250 sqft
Acreagefalse
AmenitiesPlayground
Fence TypeFence,Partially fenced
Size Irregular4553.13
Surrounding
Ammenities Near ByPlayground
Other
StructurePorch,See Remarks
FeaturesTreed,See remarks,Back lane,Level
BasementFinished,Full (Finished)
FireplaceFalse
HeatingForced air

Remarks

Prime Investment Opportunity with a 6.68% Cap Rate in the Mission / Cliff Bungalow District of Central SW Calgary - Moments from Starbucks and the Dynamic 4th Street Scene!Seize the chance to own a remarkable investment on a prime 37'x120' lot within Calgary's coveted Mission district. This well-maintained 5-plex, standing proudly on a scenic, tree-lined street, blends the vibrancy of urban living with the enchanting allure of its early 1900s origins. Skillfully converted into five illegal suites (four 1-bedroom and one 2-bedroom), this two-story building captivates with each unit's unique character, enhanced by modern amenities including a complete set of appliances (five refrigerators, five stoves, one dishwasher, and one combination washer/dryer, two washers & 1 dryer). Units #1, 3, 4, and 5 are being sold fully furnished, included in the sale price - you are ready for business!Recent renovations underscore the property’s commitment to quality and comfort, with new shingles installed in 2021 and the bathrooms in suites #1 and #2 completely remodeled in 2022, offering a contemporary living experience.Strategically situated, the property grants unbeatable access to the lively corridors of 17th Avenue and 4th Street SW, renowned for their rich assortment of dining, nightlife, and boutique shopping. It's a haven for those who thrive on an active lifestyle, with the MNP Community & Sport Centre and picturesque bike paths along the Elbow River just a stone's throw away. The convenience of biking or taking transit to downtown Calgary adds to this investment's allure.This investment shines with a robust 6.68% cap rate, underlining its status as a high-performing asset. Four of the five illegal suites have been operating as lucrative Airbnb short-term rentals, a testament to their consistent demand and the property's income-generating prowess. Currently, only 1 is operating as an AirBnB with the balance on long-term leases. In addition, four parking spaces at the rear enhance its attractiveness and functionality. Whether your goal is to bolster your rental portfolio with a property boasting a solid revenue history and recent upgrades or to explore future development possibilities on this versatile lot — be it constructing your dream home or a new multifamily unit — this opportunity is ripe with potential. Invest in a locale that offers both growth and a lifestyle that's hard to match. (id:22211)

The listing data above is provided under copyright by the Canada Real Estate Association.

The listing data is deemed reliable but is not guaranteed accurate by Canada Real Estate Association nor RealMaster.

MLS®, REALTOR® & associated logos are trademarks of The Canadian Real Estate Association.

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Location

Province:
Alberta
City:
Calgary
Community:
Cliff Bungalow
Street View
Nearby Amenities
Community

Room

Room
Level
Length
Width
Area
Kitchen
Lower
2.39
3.02
7.22
7.83 Ft x 9.92 Ft
Living
Lower
4.40
2.64
11.62
14.42 Ft x 8.67 Ft
Primary Bedroom
Lower
5.03
2.84
14.29
16.50 Ft x 9.33 Ft
4pc Bathroom
Lower
2.46
1.70
4.18
8.08 Ft x 5.58 Ft
Kitchen
Lower
3.73
3.51
13.09
12.25 Ft x 11.50 Ft
Living
Lower
3.35
3.51
11.76
11.00 Ft x 11.50 Ft
Furnace
Lower
3.91
1.68
6.57
12.83 Ft x 5.50 Ft
Primary Bedroom
Lower
3.22
2.23
7.18
10.58 Ft x 7.33 Ft
4pc Bathroom
Lower
2.08
2.23
4.64
6.83 Ft x 7.33 Ft
Living
Main
3.56
4.55
16.20
11.67 Ft x 14.92 Ft
Kitchen
Main
3.02
3.76
11.36
9.92 Ft x 12.33 Ft
Primary Bedroom
Main
3.51
3.83
13.44
11.50 Ft x 12.58 Ft
4pc Bathroom
Main
3.00
1.65
4.95
9.83 Ft x 5.42 Ft
Kitchen
Upper
3.68
3.33
12.25
12.08 Ft x 10.92 Ft
Living
Upper
4.09
5.59
22.86
13.42 Ft x 18.33 Ft
3pc Bathroom
Upper
2.13
1.83
3.90
7.00 Ft x 6.00 Ft
Primary Bedroom
Upper
3.61
3.15
11.37
11.83 Ft x 10.33 Ft
Kitchen
Upper
1.70
2.36
4.01
5.58 Ft x 7.75 Ft
Dining
Upper
2.92
2.31
6.75
9.58 Ft x 7.58 Ft
Living
Upper
2.97
3.12
9.27
9.75 Ft x 10.25 Ft
Primary Bedroom
Upper
3.58
3.35
11.99
11.75 Ft x 11.00 Ft
Bedroom
Upper
3.30
3.63
11.98
10.83 Ft x 11.92 Ft
4pc Bathroom
Upper
1.50
2.90
4.35
4.92 Ft x 9.50 Ft