$3,375,000
4503 73 Street NW
Beds
—
Baths
—
Sqft
11,205
Year
1978
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Exceptional opportunity to acquire a 17-unit multifamily building in the highly desirable community of Bowness. Situated on a large 65’ x 140’ corner lot, this property offers strong fundamentals and long-term upside in a prime location.The building consists of all one-bedroom units (17 total), providing a highly desirable and easy-to-manage rental mix. Originally constructed as a 14-unit building, an additional 3 suites were added in the lower level, optimizing the overall layout and revenue potential.Over the years, the property has benefited from numerous upgrades, including newer sliding doors on all units, cosmetic updates throughout many suites, and recently painted common areas, contributing to strong tenant appeal.The site features 14 parking stalls, adding convenience for tenants and enhancing overall functionality.With professional property management already in place, this is a true turnkey investment opportunity ideal for investors seeking a well-located, stabilized multifamily asset (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Bowness
- Living area
- 11,205 square feet
- Lot size
- 1,041 square meters
- Lot dimensions
- 1041.00
- On market
- Mar 27, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $16,377 (2025)
- Zoning
- M-C1
- Photos
- 19
- MLS#
- A2296807
- Area
- CALGARY_NW
Cash on cash
-6.21%
Cap rate
3.62%
GRM
16.7
Break-even rent
$20,554
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.