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$ 1,980,000
Est. payment | /mo
4,829 SqFt
$ 1,980,000
Est. payment | /mo
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 $410
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 OTHER NEARBY PROPERTIES
REVIEWS
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Grace Logura
Viren is the Real Estate in Calgary, I would like to say he's very good person, he understood client, when making their choice on what they like or not, He's he's patient, and kind, if I know someone who went to buy house, i will recommend him.
keith mascarenhas
If you are looking for someone to help you with your real estate needs in Calgary look no further than Viren Vijayashankar. With his affable style and genuine care to meet your requiremnts he offers the best advice backed by years of fine tuned expertise. He helped us with some difficult remote decision making and look forward to working with him in the future.
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