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:60626)
| MLS® Number | A2271794 |
| Property Type | Multi-family |
| Community Name | Tuxedo Park |
| Parking Space Total | 8 |
| Plan | 2129o |
| Basement Type | Full |
| Constructed Date | 1963 |
| Construction Style Attachment | Attached |
| Flooring Type | Carpeted, Tile, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 3,091 Ft2 |
| Total Finished Area | 3091 Sqft |
| Type | Apartment |
| Acreage | No |
| Size Depth | 35.96 M |
| Size Frontage | 22.86 M |
| Size Irregular | 827.00 |
| Size Total | 827 M2|7,251 - 10,889 Sqft |
| Size Total Text | 827 M2|7,251 - 10,889 Sqft |
| Zoning Description | M-c1 |
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