Listing Details

423 3 Avenue, Calgary

Multi Family for Sale

423 3 Avenue, Calgary, MLS® # A2348121
  • MLS®#: A2348121
  • Price: $2,499,000
  • Parking: 10
  • Status: Active
  • Year Built: 1979
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Login or Create an Account to Access Days On Website Financial Information Legal Description Lot Zoning

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

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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
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Community Information

  • Address: 423 3 Avenue
  • Neighbourhood: Crescent Heights
  • City: Calgary
  • Postal Code: T2E 0H7
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interior

  • Included: 10 refrigerators, 10 electric stoves, 10 hood fans, 2 washing machines, and 2 dryers.
  • Fireplace Details: For Sale
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exterior

  • Exterior Finish: Concrete
  • Construction: Concrete
  • Roof: Asphalt Shingle,Membrane
  • Frontage: 15.24M 50`0" metres
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services & amenities

  • Parking: (10 Total Parking Spaces)
  • Heating: Boiler,Natural Gas
  • Heating: Boiler, Natural Gas
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$2,499,000

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Listing Courtesy of
RE/MAX Complete Realty
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