IDX / Reciprocity
423 3 Avenue NE
Crescent Heights
Calgary
T2E 0H7
$2,499,000
Multi-family
8,000 sq. ft.
built: 1979
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- A2348121
- Year Built:
- 1979
- Photos (14)
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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.743 m2
- Total Building Area:
- 8,000 sq. ft.743 m2
- Finished Area Above Grade:
- 8,000 sq. ft.743 m2
- 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:
- 50'15.2 m
- Lot Size:
- 5,985 sq. ft.556 m2
- Lot Details:
- 5984.73
- Total Parking Spaces:
- 10
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Listed by RE/MAX Complete Realty
Data was last updated October 23, 2026 at 12:15 PM (UTC)
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- info@onepercentalberta.ca
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