948 31 Avenue NW

Cambrian Heights · Calgary · Multi-Family · MLS® A2351440

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About this property

Capitalize on a turnkey, revenue-generating incredible investment property. This full duplex features 4 fully legal suites that currently collectively generate over $8,000 / month in gross rental income, backed by an exceptional tenant profile & strong leases. Within the last 5 years, the property has undergone nearly $200,000 in comprehensive capital renovations. Major upgrades include two high-end basement legalizations (to make legal suites), updated mechanical systems (3 furnaces & water heater), a newer roof, energy-efficient windows, fresh exterior aesthetics, and optimized outdoor amenities featuring private fenced yards and graded four-car parking. Spanning over 3,300 sq ft across 7 bedrooms and 4 bathrooms, the complex already has excellent tenants in place. Its positioning just one block from Confederation Park & minutes from downtown ensures perpetual high demand and minimal vacancy. With all major heavy lifting completed, this self-managed asset presents a seamless, high-yield expansion opportunity for any real estate portfolio.

Above grade

1,898 sq ftas filed on the MLS® record

The $/sq ft on this page uses the above-grade figure only, because that is what the sold record it is compared against uses. Developed area includes the basement and is not comparable to it.

The full record

MLS® number

A2351440

Property type

Multi-Family

Ownership

Freehold

Bedrooms

7 (4 up, 3 down)

Bathrooms

4

Floor area

1,898 sq ft

Year built

1958

Storeys

1

Architectural style

Bungalow

Lot area

5,995 sq ft

Frontage

58.1 ft

Depth

103.8 ft

$ per sq ft of lot

$209

Zoning

R-C2

Basement

Full (Finished)

Basement features

Separate entrance, Suite

Foundation

Poured Concrete

Construction

Wood frame

Exterior finish

Brick, Wood siding

Heating

Forced air

Flooring

Carpeted, Ceramic Tile, Vinyl

Parking

Other, Parking Pad · 4 spaces

Appliances

Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave Range Hood Combo, Hood Fan, See remarks, Window Coverings

Features

Back lane, PVC window

Land features

Landscaped, Lawn

Fencing

Fence, Partially fenced

Nearby

Park, Playground, Schools, Shopping

Legal plan

0111031

Listed on

2026-10-09

Days on market

7

Room by room

Basement
Laundry room	10.8 × 13.8 ft
Recreational, Games room	14.4 × 14.4 ft
4pc Bathroom	7.3 × 9.3 ft
Bedroom	10.5 × 18.2 ft
Kitchen	14.1 × 15.5 ft
Storage	7.5 × 3.7 ft
Furnace	4.1 × 12.4 ft
3pc Bathroom	7.4 × 9.0 ft
Bedroom	10.3 × 9.4 ft
Bedroom	11.8 × 10.7 ft
Living room	10.5 × 14.3 ft
Kitchen	7.6 × 13.6 ft
Laundry room	6.2 × 6.7 ft
Furnace	4.1 × 14.2 ft
Main level
4pc Bathroom	5.0 × 10.0 ft
Bedroom	9.2 × 11.5 ft
Dining room	10.9 × 9.8 ft
Kitchen	9.9 × 12.4 ft
Living room	15.1 × 13.6 ft
Primary Bedroom	9.9 × 15.1 ft
4pc Bathroom	4.9 × 10.1 ft
Bedroom	9.0 × 11.4 ft
Dining room	9.0 × 8.4 ft
Kitchen	9.9 × 12.4 ft
Living room	15.1 × 13.5 ft
Primary Bedroom	9.9 × 15.1 ft

Listing courtesy of Royal LePage Benchmark · Mackenzie Braun. Data from the CREA Data Distribution Facility (DDF®), refreshed 2026-10-16 09:37, deemed reliable but not guaranteed. View on REALTOR.ca