Fantastic opportunity to own a fully renovated multi-family investment property in the heart of Richmond—just steps from transit, shops, and amenities. This property features five total units, each offering 1 bedroom and 1 bathroom. Currently, four units are rented, generating a strong monthly income of $5,725 ($68,700 annually), with leases in place for all rented suites. Unit E could be rented to further bolster revenue. Each unit underwent a full renovation, ensuring low maintenance and modern appeal for years to come. Recent upgrades include a new roof, new sliding doors, newly paved parking area, automated heating and alarm systems, newer hot water heater, and newer furnaces. The property also includes a detached accessory building/shop offering additional rental income potential. An ideal turn-key revenue property in one of Calgary’s most desirable inner-city neighbourhoods!
Data was last updated November 4, 2025 at 04:08 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$2,350,000
Min list price:
$825,000
Max list price:
$4,950,000
Avg days on market:
35
Min days on market:
1
Max days on market:
180
Avg price per sq.ft.:
$553.57
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™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.