Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$2,499,000 $13,415 est/mo Sourced by Back At You
423 3 Avenue NE,Calgary, AB T2E0H7
Calgary, AB T2E0H7
Great Curb Appeal
Exterior Back Lane
Kitchen
Kitchen
Large living room
Living room den space
November 2025
Very bright
Description
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:13843)
Details
| MLS # | A2348121 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1979 |
| Days On Site | 27 |
| Listing Provided By | RE/MAX Complete Realty | Scott Armstrong |
Features
| SQ Feet | 8,000 |
|---|---|
| Zoning | M-C2 |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural gas |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Construction Materials | Poured concrete |
| Foundation Details | Piled, Poured Concrete |
Parking
| Parking Total | 10 |
|---|
Taxes
| Tax Annual Amount | 15427 |
|---|---|
| Tax Block | 3 |
| Tax Lot | 36, 37 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2E0H7 |
| Community Name | Crescent Heights |
| Listing VS Median (in Crescent Heights) | |
Price: $2,499,000 low | high Med: $520,000 sqft: 8,000 low | high Med: 1,340 $ / sqft: $312 low | high Med: $388 On site: 27 low | high Med: 38 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2E0H7 |
| Community Name | Crescent Heights |
| Listing VS Median (in Crescent Heights) | |
Price: $2,499,000 low | high Med: $520,000 sqft: 8,000 low | high Med: 1,340 $ / sqft: $312 low | high Med: $388 On site: 27 low | high Med: 38 | |
Listing Updated: October 22, 2026 at 8:45:07 AM PDT
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