120 29 AVE NW, Calgary, AB T2M2L8
120 29 AVE NW, Calgary, AB T2M2L8
120 29 AVE NW, Calgary, AB T2M2L8
120 29 AVE NW, Calgary, AB T2M2L8
120 29 AVE NW, Calgary, AB T2M2L8
120 29 AVE NW, Calgary, AB T2M2L8
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$ 2,200,000
Est. payment | /mo

4,829 SqFt


Save
$ 2,200,000
Est. payment | /mo
Save

4,829 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,829 sqft

Price per Sqft $455

Subdivision Tuxedo Park

MLS Listing ID A2310526

Year Built 1972

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Multi Family

Property Description

This 8-unit concrete apartment building in Tuxedo Park,comprising seven one-bedroom units and one studio,offers a rare turnkey investment with significant value-add potential. The property has undergone over $240,000 in recent capital improvements—including a new high-efficiency hydronic boiler,a full SBS membrane roof replacement,electrical upgrades,and building-envelope and security enhancements—ensuring that all major mechanical and structural work is complete. Currently operated as non-market housing,the asset sits significantly below inner-city market rates,providing immediate rental upside through unit-level cosmetic renovations. Situated just one block north of the future 28th Avenue Green Line LRT station and steps from the Centre Street MAX Green BRT corridor,the property features six energized parking stalls,shared laundry,and a current fire inspection on file,making it a premier transit-oriented acquisition.

Location

Province AB

County Cal Zone Cc

Area Cal Zone Cc

Zoning M-C1

Direction NW

Interior

Heating Boiler, Natural Gas

Inclusions 8 Fridges 8 Stoves 1 Washer & 1 Dryer

Fireplace No

Exterior

Roof Type Flat Torch Membrane

Total Parking Spaces 6

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

Listed by REMAX Innovations

LOCATION AND NEARBY PROPERTIES

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120 29 AVE NW

GET MORE INFORMATION

Justin Newman

Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

https://cdn.chime.me/image/fs/sitebuild/2022815/3/original_4f84e7d0-9456-495c-a45d-02ade0b6fb37.png

Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.

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