UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3091.0
Square Footage 3,091 sqft
Price per Sqft $719
Subdivision Tuxedo Park
MLS Listing ID A2271794
Style Apartment-Single Level Unit
Year Built 1963
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Apartment
Property Description
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. Viewings only upon acceptance of a conditional offer please.
Location
Province AB
County Cal Zone Cc
Area Cal Zone Cc
Zoning M-C1
Direction NE
Rooms
Basement Full
Interior
Heating Boiler, Natural Gas
Flooring Carpet, Tile, Vinyl Plank
Inclusions All stoves, hood fans, fridges, coin operated clothes washers and dryers and other equipment located at the property and owned by the seller.
Fireplace No
Exterior
Parking Features Alley Access, Assigned, Plug-In
Roof Type Flat,Membrane
Total Parking Spaces 8
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Story Single Level Unit
Foundation Poured Concrete
Architectural Style Apartment-Single Level Unit
Level or Stories Single Level Unit
New Construction No
Others
Restrictions None Known
Virtual Tour https://unbranded.youriguide.com/vCHMJNEETISYD1/
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