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$ 2,225,000
Est. payment /mo
New
1-8, 128 22 Avenue NE Calgary, AB T2E1T3
3,091 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 3,091 sqft
Price per Sqft $719
Subdivision Tuxedo Park
MLS® Listing ID A2271794
Year Built 1963
Lot Size 8,901 Sqft
Acres 0.20435615
Property Sub-Type Condo
Source Calgary Real Estate Board
Property Description
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:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Flooring Carpeted, Tile, Vinyl Plank
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Others
Ownership Freehold
Virtual Tour https://unbranded.youriguide.com/vCHMJNEETISYD1/
Listed by D.C. & Associates Realty
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