Property view at 3620 21 Avenue SW, Calgary - Multi-Family investment property with 2,103.3 sqft - Photo 1 of 39 | Calgary real estate investment
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3620 21 Avenue SW

Calgary, Alberta t3e 0h6
MLS® A225915626 days on marketListed Sep 22, 2025
Exclusive Offering
$1,350,000
2,103.3Living Space
2Garage Spaces
1959Year Built

Property Overview

Updated Inner-City Income Property with 6% Cap Rate and Strong Rental Demand This is an excellent opportunity to own an updated duplex on a 50’ x 120’ corner lot in the highly desirable community of Killarney.

The property has received many recent updates including modernized kitchens and bathrooms, making it a low-maintenance and easy-to-rent investment in a prime location.

Each side offers two bedrooms on the main floor and two in the basement, with an attached double garage, an additional parking pad, and plenty of street parking.

The home’s south-facing front exposure ensures bright, sunny living spaces that tenants love. Suites for basement are illiegal suites.

With strong rental income already in place and excellent long-term potential, this property offers investors immediate returns in one of Calgary’s most sought-after inner-city neighborhoods.

Investment Appeal.

Live in one unit and rent the other.

Hold as a cash-flowing rental property and hold for future Redevelop for future multifamily.

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$642/sqft
Premium pricing - ensure strong rent potential

Investment Considerations

Mature Property: Potential value-add opportunity through renovations. Budget for capital improvements.
Active Market Time: Normal market exposure. Good opportunity to negotiate if approaching 30 days.
Multi-Family Investment: Income diversification with multiple units. Owner-occupy opportunity to offset mortgage.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.