#1 8 128 22 Avenue NE, Calgary, Alberta, T2E 1T3
#1 8 128 22 Avenue NE, Calgary, Alberta, T2E 1T3
- $2,225,000
- $2,225,000
- Apartment, Multi-Family
- A2271794
- 3091.00
- 1963
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. Viewings only upon acceptance of a conditional offer please.
Property Details
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Property Size 3091.00 sqft
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Land Area 0.20 sqft
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Year Built 1963
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Property Status Active
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Property Type Apartment, Multi-Family
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MLS Number A2271794
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Brokerage name D.C. & Associates Realty
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Parking 8
