info@settlersrealty.ca
CONTACT
$2,225,000
 
3091 Sq.Ft.
1-8, 128 22 Avenue NE, Tuxedo Park, Calgary, Alberta, T2E1T3
MLS® Number: A2271794

Multi-family House for Sale in Avenue NE Tuxedo Park Calgary

Property Information

Perfectly located in the coveted inner-city neighborhood of Tuxedo Park, this eight suite apartment building sits on a deep 118.5' × 75' (8,898.5 sq ft) lot, zoned MC-1. With all units individually metered for electricity and energized parking stalls for every suite, this asset offers rare ease of operation and appeal.The building boasts a strong foundation of long-term tenants and low turnover, and has recently benefited from several capital investments including a boiler replacement in and roof replacement with a 25 year membrane in 2012. The suite layouts are extremely well-designed for one-bedroom living — spacious, functional and targeted to solid renters seeking inner-city convenience.The location is prime: with a Walk Score of 89 (very walkable) and a Transit Score of 58 (good transit access) according to Walk Score data. One block from a bus route and only minutes from downtown, this address delivers urban lifestyle appeal with the quiet character of a well-maintained residential building.Current average rents sit at approximately $1,335/month, with market rent for comparable one-bedrooms in the area estimated at approximately $1,485/month — demonstrating meaningful upside potential for the incoming owner-operator. Management is streamlined: tenants pay their own electricity, there is a building-owned common laundry facility, and the property is easily self-managed with minimal required maintenance.This property offers an excellent turnkey, well-positioned multi-family investment with strong fundamentals, immediate upside, and immediate access to Calgary’s urban rental demand. (id:50315)

Property Summary
Property Type

Multi-family

Building Type

Storey

2

Community Name

Subdivision Name

Tuxedo Park

Title

 

Land Size
3091Sq.Ft.
Built in
1963
Annual Property Taxes
$9950
Parking Type
Published
10 days
Building
Bedrooms
Total
Below Grade
 
Bathrooms
Total
Partial
Interior Features
Appliances Included

Flooring

Tile, Carpeted, Vinyl Plank

Basement Features

Full

Basement Type

Full

Building Features
Features

Foundation Type

Poured Concrete

Architectural Style

Construction Material

Floor Space
3091.00Sq.Ft.
Total Finished Area
3091.00Sq.Ft.
Structures
Heating & Cooling
Cooling
Fireplace
Heating Type
Natural gas
Exterior Features
Exterior Finish
Neighbourhood Features
Amenities Nearby
 
 
Parking Type
Total Parking Spaces
8
Interested in this property?
Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
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