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Rivercrest Villas 4503 73rd St NW 17 Unit Apartment Building $3,450,000 CAD ($202,941 CAD/Unit) Calgary, AB T3B 2M3



Executive Summary
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
Property Facts
| Price | $3,450,000 CAD | Building Class | B |
| Price Per Unit | $202,941 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 8,888 SF |
| No. Units | 17 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Apartment Style | Low-Rise | Parking Ratio | 1.35/1,000 SF |
| Zoning | M-C1 | ||
| Price | $3,450,000 CAD |
| Price Per Unit | $202,941 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 8,888 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | M-C1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
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Videos
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Photos
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Map
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Presented by
The Real Estate District
Rivercrest Villas | 4503 73rd St NW
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