For Sale: 1920 31 Street SW, Calgary, AB - REW
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$1,599,999
0 bd • ba • 2214 sf • Fourplex
1920 31 Street SW
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$1,599,999
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1920 Sw 31st StreetCalgary, AB, T3E 2M9

Killarney
  • 0 Bed
  • Bath
  • 2214 Sqft
  • Fourplex

About this home

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.
Listed by: Kyle Dexter, eXp Realty of Canada

Home facts and features

Price details
List Price
$1,599,999
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Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
4
Property Type
Fourplex
Lot Size
5995 ft²
Year Built
Built in 1979 (47 yrs old)
Exterior Finish
Concrete, Stucco
Heating Type
Forced Air
Features
In Unit Laundry, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Appliances
Range, Refrigerator, Washer & Dryer
Community
Agent details
Primary Agent
Primary Broker
eXp Realty of Canada
Secondary Agent
Secondary Broker
eXp Realty of Canada
Listing details
Days on REW
1 Day
MLS® Number
A2348979
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Alex Ferguson School
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  • In Catchment
Westbrook Outreach Centre
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Rosscarrock School
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Killarney School
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Holy Name (Bilingual) School
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  • In Catchment
Glendale School
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North Point School For Boys
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Calgary Quest School
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Richmond School
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St. Thomas Aquinas School
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Call Agent
Kyle Dexter
Phone:
(403) 690-7589
Cell:
(403) 690-7589
Office:
403-262-7653
Ryan Woolman
Phone:
403-775-6950
Cell:
403-919-8673
Office:
403-262-7653
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