MLS® A2348121 · Active

423 3 Avenue NE

Calgary, Alberta

$2,499,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2348121

Status

Active

Property type

Multi-family

City

Calgary

Year built

1979

Living area

8000 square feet

Listing brokerage

RE/MAX Complete Realty

About this property

Concrete construction, strong in-place income, and MC-2 zoning combine to make this a rare multifamily opportunity in Crescent Heights. This well-maintained four-storey walk-up offers 10 bright, above-grade suites, each with a Juliet balcony and excellent natural light. The desirable unit mix includes six 1-bedrooms, two 2-bedrooms, and two 3-bedroom apartments, with the 3-bedroom units featuring both a four-piece main bath and a two-piece ensuite.Recent upgrades—including refreshed hallway flooring and new steel doors and frames—enhance durability and presentation, while the concrete structure provides long-term performance and superior sound attenuation. Residents benefit from 10 energized, assigned parking stalls and 10 secure storage lockers, supporting stable occupancy and strong tenant appeal.With $192,660 in current annual income and a 2026 NOI of $144,898, this asset delivers reliable cash flow today and meaningful upside through interior modernization. The 50 ft x 125 ft lot and MC-2 zoning also support future redevelopment potential in one of Calgary’s most sought-after rental corridors. A clean, well-managed building with no deferred maintenance—ideal for investors seeking both stability and long-term value. (id:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of RE/MAX Complete Realty. Source attribution · REALTOR.ca

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