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423 3 Avenue NE
Crescent Heights Calgary T2E 0H7

$2,499,000
Multi-family 8,000 sq. ft. built: 1979

Great Curb Appeal
Photo 1: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 2: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 3: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 4: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 5: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 6: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 7: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 8: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 9: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 10: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 11: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 12: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 13: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Photo 14: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
A2348121
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. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Total Living Area:
8,000 sq. ft.
Total Building Area:
8,000 sq. ft.
Finished Area Above Grade:
8,000 sq. ft.
Zoning:
M-C2
Taxes:
$15,427 / 2026
City Quadrant:
Northeast
Community:
Crescent Heights
Exterior Features:
Concrete
Security Features:
Smoke Detectors
Structure Type:
Multi-Family
Construction Material:
Poured concrete
Cooling:
None
Fireplace:
No
Foundation:
Piled, Poured Concrete
Heating:
Natural gas
Lot Frontage:
50'
Lot Size:
5,985 sq. ft.
Lot Details:
5984.73
Total Parking Spaces:
10
  • Photo 1: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Great Curb Appeal
  • Photo 2: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Exterior Back Lane
  • Photo 3: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Kitchen
  • Photo 4: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Kitchen
  • Photo 5: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Large living room
  • Photo 6: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Living room den space
  • Photo 7: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    November 2025
  • Photo 8: 423 3 Avenue NE in Calgary: Multi-family for sale : MLS®# A2348121
    Very bright
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Listed by RE/MAX Complete Realty
Data was last updated October 23, 2026 at 11:15 AM (UTC)
One Percent Realty
Office: 780-268-4888
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