Apartment
Year Built: 1963
Area: 3091 sqft
Car Parking: 8
1-8, 128 22 Avenue Ne Calgary, Alberta T2E 1T3
$2,225,000
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:51913)
Property Details
| Parking Space Total : 8 |
| Plan : 2129o |
| MLS® Number : A2271794 |
| Property Type : Multi-family |
| Community Name : Tuxedo Park |
Building
| 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 : 3091 Sqft |
| Total Finished Area : 3091 Sqft |
| Type : Apartment |
Land
| Size Total : 827 M2|7,251 - 10,889 Sqft |
| Size Total Text : 827 M2|7,251 - 10,889 Sqft |
| Size Frontage : 22.86 M |
| Acreage : No |
| Size Depth : 35.96 M |
| Size Irregular : 827.00 |
| Zoning Description : M-c1 |
Map
Agents and Offices
- David Campbell
- Office: D.c. & Associates Realty
Latest Listing
2304, 7451 Springbank Boulevard Sw
$429,900
168 Evansfield Close Nw
$944,900