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Calgary · Multi-family · under $1,425,000 · 5+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2457 22A Street NW
Spectacular duplex that offers investors a rare opportunity to acquire a fully furnished, cash-flowing four-unit property in a stronge rental location. Situated within walking distance of the U of C, Foothills hospital and the Banff Trail LRT Station, the property is fully leased and currently generates an excellent rental income.The property features 3,022 square feet above grade and an additional 1,270 square feet of developed basement space. The layout consists of two large three-bedroom suites on the main and upper levels, along with two self-contained one-bedroom suites in the lower level. This mix of unit types appeals to a broad tenant base and helps support consistent occupancy.Both upper suites have been updated with new white shaker kitchens featuring large islands, generous storage, and full appliance packages. Open-concept layouts, fireplaces, and large windows create bright and functional living spaces, while the upper suite benefits from vaulted ceilings. Each unit offers spacious bedrooms, including oversized primary suites with private ensuites. All bathrooms throughout the property have been renovated.The lower level contains two self-contained (illegal) one-bedroom suites, each with a private kitchen, bathroom, and living area. Large windows provide natural light, while durable tile flooring offers easy maintenance. Unit A has been upgraded with newer maple shaker cabinetry and updated bathroom fixtures.A key feature for both tenants and investors is the availability of laundry facilities on every level. Each upper suite has its own dedicated laundry room with full-sized washer and dryer, while the lower suites share separate laundry facilities.The property has been well maintained, with two high-efficiency furnaces installed in 2008 and serviced annually, along with two 40-gallon hot water tanks. Additional features include three private decks, a storage shed, and a large rear parking area accommodating up to four vehicles, with potenti al for additional tandem parking.With strong existing income, updated interiors, four revenue-generating suites, and a proven rental location, 2457 22A Street NW represents an excellent turnkey investment opportunity in Calgary's northwest market. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.90 M x 5.70 M | |
| Living room | 11.70 M x 11.70 M | |
| Dining room | 11.80 M x 11.70 M | |
| Other | 13.50 M x 10.40 M | |
| Storage | 4.70 M x 4.60 M | |
| 5pc Bathroom | 8.10 M x 8.90 M | |
| Laundry room | 5.10 M x 5.70 M | |
| Other | 4.00 M x 7.60 M | |
| Primary Bedroom | 15.50 M x 14.20 M | |
| 3pc Bathroom | 4.10 M x 8.20 M | |
| Bedroom | 9.10 M x 13.10 M |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.11 M x 17.80 M | |
| Other | 3.90 M x 17.60 M | |
| 4pc Bathroom | 6.10 M x 8.80 M | |
| Bedroom | 13.30 M x 11.90 M | |
| Bedroom | 7.11 M x 9.30 M | |
| 5pc Bathroom | 4.11 M x 11.50 M | |
| Laundry room | 7.11 M x 5.70 M | |
| Other | 10.50 M x 14.50 M | |
| Dining room | 14.40 M x 11.11 M | |
| Living room | 16.11 M x 17.90 M | |
| Other | 8.30 M x 32.30 M |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.20 M x 9.10 M |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.73%
Cap rate
4.72%
GRM
13.9
Break-even rent
$7,966
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 24, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
4.8 km away
9.2 km away
9.3 km away
9.8 km away
11.3 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
9.1 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
9.7 km away
10.1 km away
Halal grocery
Amir Halal Meats & Grocery
9.8 km away
Shaheen Grocery, Bakery & Halal Meat
11.8 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.