521 22 Avenue Sw, Calgary, AB, T2S 0H5

House For Sale In Cliff Bungalow, Calgary, Alberta

$1,297,000 QuickQuote^TM: $1.2M - $1.4M

4+2 Beds

5 Baths

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521 22 Avenue Sw, Calgary, AB - Outdoor With Deck Patio Veranda

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Other Room

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Bedroom

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Laundry Room

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Kitchen With Double Sink

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Bathroom

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Kitchen

521 22 Avenue Sw, Calgary, AB - Outdoor With Exterior

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Living Room

521 22 Avenue Sw, Calgary, AB - Indoor Photo Showing Dining Room

521 22 Avenue Sw, Calgary, AB - Outdoor With View

521 22 Avenue Sw, Calgary, AB - With View

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521 22 Avenue SW, Calgary, AB, T2S 0H5

$1,297,000

4+2 Beds

5 Baths

Property Information:

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.

Inclusions: Appliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 2 Washers, 1 Dryer, 1 combination Washer/Dryer

Building Features:

Total Finished Area: 2124.00

Property Features:

Bedrooms: 4+2
Bathrooms: 5+0
Architectural Style: 2 Storey
Built in: 1911
Construction Materials: Metal Siding, Wood Frame
Cooling: None
Exterior Features: Private Entrance
Floor Space (approx): 2124.00 Square Feet
Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Linoleum
Foundation Details: Poured Concrete
Heating: Forced Air, Natural Gas
Interior Features: See Remarks
Levels: Two
Lot Size: 4553.00 Square Feet
Parking Features: Parking Pad
Roof: Asphalt Shingle
Water Source: Public
Zoning: M-CG d111

Courtesy of: eXp Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Location of 521 22 Avenue SW, Calgary, AB, T2S 0H5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

29 hot days expected in 2050

Projected Storm Risk: Significant

11 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

40/100

High

ClimateCheck®

Current data

This property, 521 22 Avenue SW, experiences 7 hot days per year at around 29.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 33.3 degrees Celsius.

Projected Avg. Temperature

Past

29.2℃

2050

33.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Significant

11 storms expected in 2050

21/100

Significant

ClimateCheck®

Current data

This property, 521 22 Avenue SW, experiences 10 significant 2-day storms per year, with about 199.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 212.4mm of precipitation per year.

Precipitation Per Storm

Past

199.3mm

2050

212.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 521 22 Avenue SW, Calgary, AB, T2S 0H5

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$166,008.13

Average Number of Children

1.40

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.83 %

High school certificate or equivalent

22.83 %

Apprenticeship trade certificate/diploma

3.92 %

College/non-university certificate

17.08 %

University certificate (below bachelor)

2.02 %

University Degree

47.32 %

Commuter

Travel To Work

By Car

61.53 %

By Public Transit

7.28 %

By Walking

22.04 %

By Bicycle

4.94 %

By Other Methods

4.21 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

83.35 %

Houses

16.65 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 521 22 Avenue SW, Calgary, AB, T2S 0H5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 521 22 Avenue SW, Calgary, AB, T2S 0H5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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