423 3 Avenue Ne, Calgary, Alberta

About 423 3 Avenue Ne

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:6289)

More Info on this Crescent Heights Multi-Family MLS® listing

423 3 Avenue Ne is a multi-family listing for sale in Calgary. The MLS® number is A2348121. It was built in 1979 and covers 8,000 square feet. It's currently listed for $2,499,000. For more details on MLS® A2348121, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Crescent Heights is available now!

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