1920 31 Street SW
Killarney/Glengarry
Calgary
T3E 2M9
$1,599,999
Multi-Family
2,214 sq. ft.
built: 1979
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2348979
- Year Built:
- 1979
- Photos (26)
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Ideally located in the highly desirable inner-city community of Killarney, just steps from vibrant 17th Avenue, this turnkey 4-plex offers the stability, upside, and value that serious investors look for. Stability comes first: all four units are 3-bedroom suites on fixed-term leases, a significant differentiator from the 2-bedroom units that make up much of the competing multi-family inventory. Larger layouts appeal to families, roommates, and long-term tenants, helping support consistent occupancy and dependable income. Each fully self-contained unit offers between 997–1,043 sq ft of well-designed living space with 3 bedrooms, 1 full bathroom, and in-unit laundry, and has been updated with durable vinyl plank flooring for a modern, low-maintenance finish. Every suite is separately metered with its own furnace and hot water tank, so tenants pay their own utilities, keeping operating costs predictable and management simple. The two upper units feature charming wood-burning fireplaces and sunny private balconies, while all residents enjoy outdoor backyard space and additional storage in the on-site shed. Four rear parking stalls provide one assigned stall per unit, with ample street parking out front for guests. Recent concrete repair work around the building has improved lot grading and drainage, protecting the property and minimizing future maintenance. The property currently generates $8,050 per month in rental income, averaging roughly $2,010 per unit, leaving clear upside as leases renew and rents move toward current market rates of $2,500+ for 3-bedroom units in the area, a meaningful opportunity to grow income without major capital investment. With updated units, separate utilities, recent exterior improvements, and all four units occupied, this is a turnkey, cash-flow-positive asset that lets a new owner step in with secure income from day one. Situated within walking distance of transit, schools, parks, and countless amenities, the location offers quick access to downtown while being moments from the restaurants, cafés, boutiques, and nightlife that make 17th Avenue one of Calgary's most dynamic destinations. Whether you're expanding your portfolio or securing a multi-family asset in a high-demand rental area, this Killarney 4-plex delivers stable income today and lasting investment potential for tomorrow.
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
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- Total Living Area:
- 2,214.25 sq. ft.206 m2
- Main Level Finished Area:
- 2,214.25 sq. ft.206 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 2,205.97 sq. ft.205 m2
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 5,995 sq. ft.557 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1979 (Age: 47)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 5980AM
- Heating:
- Forced Air
- Foundation:
- Poured Concrete
- Construction Material:
- Concrete, Stucco
- Structure Type:
- Four Plex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Vinyl
- Cooling:
- None
- Garage:
- No
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Unit
- Southwest
- Killarney/Glengarry
- Range, Refrigerator, Washer/Dryer
- Shed
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Exterior Features:
- Lighting, Private Yard, Storage
- Lot Features:
- Back Lane, Back Yard, Landscaped, Lawn
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-C1
- Listed Date:
- Sep 30, 2026
- Days on Mkt:
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Listed by eXp Realty
Data was last updated October 13, 2026 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 35
- Avg list price:
- $2,950,000
- Min list price:
- $850,000
- Max list price:
- $12,499,999
- Avg days on market:
- 52
- Min days on market:
- 4
- Max days on market:
- 451
- Avg price per sq.ft.:
- $596.86
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- MALVINDER TIWANA
- 403-830-5152
- 1 (403) 8305152
- Contact by Email
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.
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