$1,979,000
655 4 AV NE
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Beds
—
Baths
—
Sqft
5,200
Year
1973
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
?Investment Opportunity – 7-Unit Apartment Building Near Downtown CalgaryAn excellent opportunity to acquire a well-maintained 7-unit apartment building in a desirable inner-city location, just minutes from downtown Calgary.This property is fully leased, offering investors seeking a turnkey asset. Situated in a high-demand rental neighbourhood, the building benefits from strong tenant retention and consistent occupancy. Surface parking available for tenants. Close proximity to downtown, transit, amenities, and major routes. Several renovations and upgrades are done over the years. This property presents a compelling opportunity for both seasoned and first-time investors looking to secure a solid multi-family asset. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Bridgeland/Riverside
- Living area
- 5,200 square feet
- Parking
- 7 total
- On market
- Apr 24, 2026
- Status changed
- Apr 30, 2026
- Annual tax
- $8,837 (2025)
- Zoning
- M-CG
- Photos
- 7
- MLS#
- A2304842
- Area
- CALGARY_NE
Cash on cash
-6.30%
Cap rate
3.60%
GRM
16.7
Break-even rent
$12,087
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.
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.
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 30, 2026.