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521 22 Avenue SW
Cliff Bungalow Calgary T2S 0H5

$1,297,000
Residential beds: 6 baths: 5.0 2,124 sq. ft. built: 1911

Character 1912 Home in the heart of Cliff Bungalow / Mission. Steps to Starbucks and Purple Perk Coffee, Masters Gallery.
Photo 1: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 2: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 3: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 4: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 5: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 6: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 7: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 8: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 9: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 10: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 11: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 12: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 13: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 14: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 15: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 16: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 17: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 18: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 19: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 20: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 21: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 22: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 23: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 24: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 25: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 26: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 27: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 28: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 29: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 30: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 31: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 32: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 33: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 34: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 35: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 36: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 37: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 38: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 39: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 40: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 41: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 42: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 43: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 44: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 45: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 46: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 47: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 48: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Photo 49: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2114456
Bedrooms:
6
Bathrooms:
5
Year Built:
1911
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.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
2,124 sq. ft.
Main Level Finished Area:
1,440 sq. ft.
Upper Level Finished Area:
684 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,143.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,553 sq. ft.
Lot Frontage:
37'6"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
11
Year built:
1911 (Age: 113)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
5.0 (Full:5, Half:0)
Plan:
4453L
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Metal Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Water Supply:
Public
Garage:
0
Parking:
Parking Pad
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
See Remarks
Cliff Bungalow
Dishwasher, Refrigerator, Stove(s), Washer
Appliances Included: 5 Refrigerators, 5 Stoves, 1 Built-in Dishwasher, 2 Washers, 1 Dryer, 1 combination Washer/Dryer
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'11" × 11'8"
Main Floor
Kitchen
12'4" × 9'11"
Main Floor
Bedroom - Primary
12'7" × 11'6"
Upper Level
Kitchen
12'1" × 10'11"
Upper Level
Living Room
18'4" × 13'5"
Upper Level
Bedroom - Primary
11'10" × 10'4"
Upper Level
Kitchen
7'9" × 5'7"
Upper Level
Dining Room
9'7" × 7'7"
Upper Level
Living Room
10'3" × 9'9"
Upper Level
Bedroom - Primary
11'9" × 11'
Upper Level
Bedroom
11'11" × 10'10"
Lower Level
Kitchen
9'11" × 7'10"
Lower Level
Living Room
14'5" × 8'8"
Lower Level
Bedroom - Primary
16'6" × 9'4"
Lower Level
Kitchen
12'3" × 11'6"
Lower Level
Living Room
11'6" × 11'
Lower Level
Furnace/Utility Room
12'10" × 5'6"
Lower Level
Bedroom - Primary
10'7" × 7'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'5" x 9'10"
Upper Level
No
3
6' x 7'
Upper Level
No
4
9'6" x 4'11"
Lower Level
No
4
5'7" x 8'1"
Lower Level
No
4
7'4" x 6'10"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
See Remarks
Exterior Features:
Private Entrance
Patio And Porch Features:
Porch, See Remarks
Lot Features:
Back Lane, Level, Rectangular Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced, Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d111
Listed Date:
Mar 18, 2024
Days on Mkt:
  • Photo 1: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Character 1912 Home in the heart of Cliff Bungalow / Mission. Steps to Starbucks and Purple Perk Coffee, Masters Gallery.
  • Photo 2: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    New deck on front exterior.
  • Photo 3: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    4 Parking Spots behind building. Unit #4 has two bedrooms & a South Deck.
  • Photo 4: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    4 Parking Spots behind building.
  • Photo 5: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 & #2 Entrance Hall
  • Photo 6: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - living. Comes fully furnished.
  • Photo 7: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - living. Comes fully furnished.
  • Photo 8: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - living. Comes fully furnished.
  • Photo 9: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - Kitchen w Combination Washer Dryer. Comes fully furnished.
  • Photo 10: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit 1 - Combination Washer Dryer. Comes fully furnished.
  • Photo 11: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - kitchen. Comes fully furnished.
  • Photo 12: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - bedroom. Comes fully furnished.
  • Photo 13: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - bedroom. Comes fully furnished.
  • Photo 14: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #1 - bathroom. Comes fully furnished.
  • Photo 15: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - Stairs
  • Photo 16: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - Living
  • Photo 17: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - bedroom
  • Photo 18: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - bathroom
  • Photo 19: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - Living
  • Photo 20: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #2 - Kitchen
  • Photo 21: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 Entrance (East Side) is on the lower level
  • Photo 22: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - Bathroom. Comes fully furnished.
  • Photo 23: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - Kitchen. Comes fully furnished.
  • Photo 24: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - living / eating area. Comes fully furnished.
  • Photo 25: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - living / eating area. Comes fully furnished.
  • Photo 26: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - bedroom. Comes fully furnished.
  • Photo 27: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #3 - bedroom. Comes fully furnished.
  • Photo 28: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - bedroom #1. Comes fully furnished.
  • Photo 29: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - bedroom #2. Comes fully furnished.
  • Photo 30: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - Bedroom #2. Comes fully furnished.
  • Photo 31: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - dining / living. Comes fully furnished.
  • Photo 32: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - bathroom. Comes fully furnished.
  • Photo 33: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - living / dining. Comes fully furnished.
  • Photo 34: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 -kitchen. Comes fully furnished.
  • Photo 35: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - kitchen. Comes fully furnished.
  • Photo 36: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - dining / living. Comes fully furnished.
  • Photo 37: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #4 - balcony. Comes fully furnished.
  • Photo 38: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #5 - Entrance
  • Photo 39: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #5 - Kitchen. Comes fully furnished.
  • Photo 40: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #5 - Living. Comes fully furnished.
  • Photo 41: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #5 Kitchen. Comes fully furnished.
  • Photo 42: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Unit #5 - bedroom. Comes fully furnished.
  • Photo 43: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 43 of 49
  • Photo 44: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 44 of 49
  • Photo 45: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 45 of 49
  • Photo 46: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 46 of 49
  • Photo 47: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 47 of 49
  • Photo 48: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 48 of 49
  • Photo 49: 521 22 Avenue SW in Calgary: Cliff Bungalow Detached for sale : MLS®# A2114456
    Photo 49 of 49
Listed by eXp Realty
Data was last updated July 12, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$649,900
Min list price:
$219,900
Max list price:
$1,675,000
Avg days on market:
33
Min days on market:
14
Max days on market:
116
Avg price per sq.ft.:
$454.2
These statistics are generated based on the current listing's property type and located in Cliff Bungalow. Average values are derived using median calculations.
Encore Realty Professionals
Office: 403-880-3032
Fax: 403-226-2779
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.