423 3 Avenue NE, CALGARY

2026-09-26

423 3 Avenue NE, CALGARY, Alberta

8000 ft² 10 Garage
For Sale Multi-family
$2,499,000

MLS®#A2348121

INVESTMENT OPPORTUNITY — 5.80% CAP RATE | 10-UNIT CONCRETE APARTMENT BUILDING, CRESCENT HEIGHTSRare opportunity to acquire a stabilized, income-producing multifamily asset in one of Calgary's most established inner-city locations. This four-storey concrete-constructed building offers the durability, lower insurance profile, and long-term hold quality serious investors look for — concrete buildings of this size and location seldom come to market.The numbers: Offered at $2,499,000 ($249,900/unit). Gross scheduled income of $192,660 with a 2026 NOI of $144,898, delivering a 5.80% capitalization rate at asking price.The asset: 10 suites with an excellent, rent-friendly mix — six 1-bedroom, two 2-bedroom, and two 3-bedroom suites (16 bedrooms total) — a configuration that supports strong occupancy across market cycles. The building sits on a 50' × 125' lot zoned M-C2 in Crescent Heights, minutes to downtown, Bridgeland, and the Bow River pathway system. Includes 10 surface parking stalls and 10 tenant storage lockers. Professionally managed, with financial statements and rent roll available to qualified buyers upon request. Well-located, well-built, and priced at a cap rate that stands out in the current Calgary multifamily market. This is a long-term hold asset for an investor seeking stable inner-city income with a concrete building's peace of mind. (id:32467)

Building Multi-family
Rooms
Bedrooms
Bathrooms 0
Square Footage 8000 ft²
Built in 1979
Parking Type 10
Neighbourhood CALGARY

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Your One Percent Realty
Commission savings†

$500,000

† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 3% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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One Percent Realty's top FAQs

Q.
What is the deal exactly, with One Percent Realty?

At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.

Q.
What do you charge?

For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.

Q.
Are your listings on MLS® and realtor.ca?

Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.

Learn more about the 1% Deal
April
April Isaac

Associate

aprilonepercent@gmail.com

403-888-4003

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CALGARY,SOUTH EAST CALGARY,SOUTH WEST CALGARY,NORTH CALGARY,NORTH EAST CALGARY,NORTH WEST CALGARY,EAST CALGARY,WEST CALGARY,AIRDRIE,COCHRANE,OKOTOKS,CHESTERMERE,STRATHMORE,GREATER CALGARY AREA,ROCKYVIEW,DIDSBURY,LANGDON
23 YRS EXPER, 1300+ SALES, NEGOTIATION EXPERT AND  BUYERS REPRESENTATIVE EXPERT, marketing savvy, people savvy. 100'S OF HAPPY CUSTOMERS, DOZENS UPON DOZENS OF REFERENCES, 100% DEDICATED SERVICE, SPECIALIZING IN SINGLE FAMILY HOMES, TOWNHOUSES, DUPLEX'S AND CONDOS. As well, I have a BUYER AGENT ACCREDITATION CERTIFICATE.  CALGARY IS AN AMAZING CITY, and as well all the...
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