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7,491 Sqft Lot
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tuxedo Park
MLS® Listing ID A2310526
Sold Date -
Year Built 1972
Annual Tax Amount $9,394
Tax Year 2025
Lot Size 7,491 Sqft
Acres 0.17
Property Sub-Type Multi Family
Source Calgary
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 Calgary
Area Cal Zone Cc
Zoning M-C1
Interior
Heating Boiler, Natural Gas
Exterior
Roof Type Flat Torch Membrane
Lot Frontage 63.0
Total Parking Spaces 6
Building
Structure Type Concrete
Others
Restrictions None Known
Tax ID 101196518
Ownership Private
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REVIEWS & TESTIMONIALS
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.
