This solid 1972-built 4-plex presents an exceptional opportunity for investors looking to add value and significantly increase rental income. Each of the four spacious units is approximately 1,000 sq. ft. and features three bedrooms, one bathroom, and its own furnace and hot water tank. All the tub surrounds have been recently replaced, but the remainder of the building remains largely in original condition—offering endless potential for modernization and improved returns. Three of the four units are currently occupied, including two long-term tenants. The generous size of each suite provides the perfect canvas for interior upgrades that could dramatically enhance both appeal and revenue. Ideally situated close to major bus routes, Stoney Trail, and Deerfoot Trail, this property also offers quick access to shopping, schools, and all amenities—just minutes from downtown via Centre Street. With strong fundamentals and tremendous upside, this is a rare opportunity to transform a well-built 4-plex into a high-performing investment in a sought-after central location. 4Plex generating $4,400/month ($52,800 annually) with tenants paying all utilities — (taxes $6,072, insurance est. $3,000) and a solid 5.1% cap rate based on $850K.”
Data was last updated October 23, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,549,500
Min list price:
$825,000
Max list price:
$3,750,000
Avg days on market:
63
Min days on market:
1
Max days on market:
182
Avg price per sq.ft.:
$548.39
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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