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$ 3,699,999
Est. payment | /mo
12,000 SqFt
$ 3,699,999
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $308
Subdivision Tuxedo Park
MLS Listing ID A2348704
Year Built 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Multi Family
Property Description
Tuxedo Place – Boutique Multi-Unit Investment Opportunity in Central Calgary
Introducing Tuxedo Place — a rare,purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park,one of Calgary's most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants.
The property is comprised of 4 well-designed townhomes and 4 legal basement suites,with one suite per townhome. Each townhome offers bright,spacious layouts with modern finishes,while the basement suites are fully self-contained with private entrances,providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use.
Fully leased and generating positive cash flow,Tuxedo Place offers investors immediate,stabilized income in a highly desirable inner-city rental market. Strong location fundamentals support consistent occupancy and long-term appreciation,with residents enjoying convenient access to downtown Calgary,major transit corridors,Confederation Park,schools,shopping,restaurants,and recreational amenities.
A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%,maturing December 1,2030,subject to lender and CMHC approval. This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt,potentially enhancing cash flow and reducing financing costs while acquiring a stabilized,income-producing asset.
Rarely do stabilized,purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Tuxedo Place represents an exceptional opportunity for private investors,family offices,and institutional buyers seeking immediate cash flow,long-term appreciation,and attractive in-place financing.
With its 8-unit configuration,strong tenant appeal,desirable central location,and future redevelopment potential,Tuxedo Place offers a compelling combination of current income and long-term upside.
An exceptional opportunity to acquire a stabilized,income-producing multifamily asset with favourable assumable financing in one of Calgary's established inner-city communities
Introducing Tuxedo Place — a rare,purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park,one of Calgary's most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants.
The property is comprised of 4 well-designed townhomes and 4 legal basement suites,with one suite per townhome. Each townhome offers bright,spacious layouts with modern finishes,while the basement suites are fully self-contained with private entrances,providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use.
Fully leased and generating positive cash flow,Tuxedo Place offers investors immediate,stabilized income in a highly desirable inner-city rental market. Strong location fundamentals support consistent occupancy and long-term appreciation,with residents enjoying convenient access to downtown Calgary,major transit corridors,Confederation Park,schools,shopping,restaurants,and recreational amenities.
A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%,maturing December 1,2030,subject to lender and CMHC approval. This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt,potentially enhancing cash flow and reducing financing costs while acquiring a stabilized,income-producing asset.
Rarely do stabilized,purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Tuxedo Place represents an exceptional opportunity for private investors,family offices,and institutional buyers seeking immediate cash flow,long-term appreciation,and attractive in-place financing.
With its 8-unit configuration,strong tenant appeal,desirable central location,and future redevelopment potential,Tuxedo Place offers a compelling combination of current income and long-term upside.
An exceptional opportunity to acquire a stabilized,income-producing multifamily asset with favourable assumable financing in one of Calgary's established inner-city communities
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning R-CG
Direction NE
Interior
Heating High Efficiency, Natural Gas
Cooling Central Air
Inclusions None
Fireplace No
Exterior
Garage No
Building
Dwelling Type Townhouse
Others
Restrictions None Known
Listed by Royal LePage Solutions
LOCATION AND OTHER NEARBY PROPERTIES
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