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Ken Rigel

ken@krgroup.ca +1(403) 207-1748

$1,599,999

Est. payment - /mo

2,214 SqFt

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Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2214.25

Square Footage 2,214 sqft

Price per Sqft $722

Subdivision Killarney/Glengarry

MLS Listing ID A2348979

Year Built 1979

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type 4 plex

Property Description

Ideally located in the highly desirable inner-city community of Killarney,just steps from vibrant 17th Avenue,this turnkey 4-plex offers the stability,upside,and value that serious investors look for. Stability comes first: all four units are 3-bedroom suites on fixed-term leases,a significant differentiator from the 2-bedroom units that make up much of the competing multi-family inventory. Larger layouts appeal to families,roommates,and long-term tenants,helping support consistent occupancy and dependable income. Each fully self-contained unit offers between 997–1,043 sq ft of well-designed living space with 3 bedrooms,1 full bathroom,and in-unit laundry,and has been updated with durable vinyl plank flooring for a modern,low-maintenance finish. Every suite is separately metered with its own furnace and hot water tank,so tenants pay their own utilities,keeping operating costs predictable and management simple. The two upper units feature charming wood-burning fireplaces and sunny private balconies,while all residents enjoy outdoor backyard space and additional storage in the on-site shed. Four rear parking stalls provide one assigned stall per unit,with ample street parking out front for guests. Recent concrete repair work around the building has improved lot grading and drainage,protecting the property and minimizing future maintenance. The property currently generates $8,050 per month in rental income,averaging roughly $2,010 per unit,leaving clear upside as leases renew and rents move toward current market rates of $2,500+ for 3-bedroom units in the area,a meaningful opportunity to grow income without major capital investment. With updated units,separate utilities,recent exterior improvements,and all four units occupied,this is a turnkey,cash-flow-positive asset that lets a new owner step in with secure income from day one. Situated within walking distance of transit,schools,parks,and countless amenities,the location offers quick access to downtown while being moments from the restaurants,cafés,boutiques,and nightlife that make 17th Avenue one of Calgary's most dynamic destinations. Whether you're expanding your portfolio or securing a multi-family asset in a high-demand rental area,this Killarney 4-plex delivers stable income today and lasting investment potential for tomorrow.

Location

Province AB

County 0046

Community Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Area Cal Zone Cc

Zoning M-C1

Direction SW

Interior

Heating Forced Air

Cooling None

Flooring Vinyl

Inclusions Shed

Fireplace No

Appliance Range, Refrigerator, Washer/Dryer

Laundry In Unit

Exterior

Exterior Feature Lighting, Private Yard, Storage

Fence Partial

Community Features Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Total Parking Spaces 4

Garage No

Building

Lot Description Back Lane, Back Yard, Landscaped, Lawn

Dwelling Type Four Plex

Foundation Poured Concrete

Others

Restrictions None Known

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Listed by eXp Realty

Ken Rigel

Team Lead

+1(403) 207-1748

1920 31 ST SW Calgary, AB T3E2M9

Ken Rigel

Key Details

Location

Interior

Exterior

Building

Others

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1920 31 ST SW