INVESTORS! This is a rare opportunity to acquire a centrally located, income-generating property in Calgary’s Beltline with significant upside for future redevelopment. Zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007, the property is designated for high-density multi-residential development, positioning it as a strategic long-term investment in one of the city’s most active growth areas.
Currently operating as a well-maintained rooming house, the property is configured to maximize rental income with ten private rooms, each individually leasable. This setup supports consistent cash flow and strong occupancy potential, driven by ongoing demand for affordable inner-city housing. Its proximity to downtown, transit, employment hubs, and everyday amenities further strengthens its appeal to tenants and contributes to stable rental performance.
Each floor is equipped with a shared kitchen and washroom, and the building has been upgraded to meet City bylaws, offering a compliant and turnkey operation for investors. The efficient layout and established rental model allow for immediate revenue generation with minimal operational barriers.
This property is ideally suited for investors seeking dependable income today while holding a high-value redevelopment asset for the future. With CC-MH zoning and a prime Beltline location, it presents a compelling combination of cash flow and long-term appreciation potential in Calgary’s urban core.An exceptional opportunity to secure a high-yield asset with redevelopment flexibility in one of Calgary’s most in-demand rental markets.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Yes
Num Legal Suites:
2
Num Illegal Suites:
0
Home Style:
2 Storey
Total Living Area:
1,620 sq. ft.151 m2
Acreage:
No
Lot Area:
3,261 sq. ft.303 m2
Lot Frontage:
25'1"7.64 m
Front Exposure:
South
Unit Exposure:
South
Levels:
Two
Total Rooms Above Grade:
8
Year built:
1912
(Age: 114)
Bedrooms:
10
(Above Grd: 6)
Bedrooms Above Grade:
6
Bedrooms Below Grade:
4
Bathrooms:
3.0
(Full:3, Half:0)
Plan:
A1
Heating:
Central
Basement:
Full, Finished, Separate/Exterior Entry, Walk Up
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Parking Pad
Parking Places:
3
Parking Total/Covered:
3 /
-
Laundry Features:
None
Southwest
Beltline
Dishwasher, Electric Stove, Refrigerator
n/a
None Known
Floor
Type
Size
Other
Main Floor
Entrance
18'9"5.72 m × 7'5"2.26 m
Main Floor
Bedroom
15'2"4.62 m × 11'8"3.56 m
Main Floor
Bedroom
10'11"3.33 m × 10'7"3.23 m
Main Floor
Bedroom
13'3.96 m × 9'8"2.95 m
Main Floor
Kitchen With Eating Area
14'3"4.34 m × 8'7"2.62 m
Upper Level
Bedroom
12'10"3.91 m × 8'11"2.72 m
Upper Level
Bedroom
12'3"3.73 m × 9'5"2.87 m
Upper Level
Kitchen With Eating Area
15'8"4.78 m × 9'2.74 m
Upper Level
Bedroom - Primary
18'4"5.59 m × 10'3.05 m
Upper Level
Flex Space
7'7"2.31 m × 7'4"2.24 m
Lower Level
Kitchenette
7'1"2.16 m × 4'10"1.47 m
Lower Level
Bedroom
9'9"2.97 m × 9'2"2.79 m
Lower Level
Bedroom
10'10"3.30 m × 7'5"2.26 m
Lower Level
Bedroom
9'6"2.90 m × 8'3"2.51 m
Lower Level
Bedroom
13'3"4.04 m × 9'4"2.84 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'4" x 4'11"
Upper Level
No
4
8'3" x 5'10"
Lower Level
No
4
11'11" x 4'4"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, Separate Entrance
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Back Yard, Front Yard, Low Maintenance Landscape, Rectangular Lot
Data was last updated May 7, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
288
Avg list price:
$329,900
Min list price:
$160,000
Max list price:
$1,424,900
Avg days on market:
40
Min days on market:
1
Max days on market:
359
Avg price per sq.ft.:
$439.93
These statistics are generated based on the current listing's property type
and located in
Beltline. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.