Data was last updated 2026-10-22 at 09:45:06 GMT
$2,499,000

423 3 Avenue NE   Calgary, Alberta

MLS®: A2348121
URL:    
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.

Listing Information

Prop. Type:
Multi Family (Commercial)
Status:
Active
City:
Calgary
Neighbourhood:
Crescent Heights
Area:
Calgary
Province:
Alberta
MLS® Number:
A2348121
Listing Price:
$2,499,000

General Information

Year Built:
1979

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Location


Puma Banwait
CENTURY 21 BAMBER REALTY
1612 - 17 AVE SW, Calgary, Alberta
Office: 403-660-6363
Mobile: 403-660-6363
Fax: 403-366-3758
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.