423 3 Avenue, Calgary
Multi Family for Sale
- MLS®#: A2348121
- Price: $2,499,000
- Parking: 10
- Status: Active
- Year Built: 1979
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.
Contact Laura Ipsum About MLS® A2348121
Laura Ipsum, 7804256270 at Redman Office Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3
property information
- Property Type: Multi Family
- MLS®#: A2348121
- Year Built: 1979
Community Information
- Address: 423 3 Avenue
- Neighbourhood: Crescent Heights
- City: Calgary
- Postal Code: T2E 0H7
interior
- Included: 10 refrigerators, 10 electric stoves, 10 hood fans, 2 washing machines, and 2 dryers.
- Fireplace Details: For Sale
exterior
- Exterior Finish: Concrete
- Construction: Concrete
- Roof: Asphalt Shingle,Membrane
- Frontage: 15.24M 50`0" metres
services & amenities
- Parking: (10 Total Parking Spaces)
- Heating: Boiler,Natural Gas
- Heating: Boiler, Natural Gas
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