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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. (id:37074)
| MLS® Number | A2310526 |
| Property Type | Multi-family |
| Neigbourhood | Northeast Calgary |
| Community Name | Tuxedo Park |
| Parking Space Total | 6 |
| Plan | 3980am |
| Constructed Date | 1972 |
| Construction Material | Poured Concrete |
| Exterior Finish | Concrete |
| Fire Protection | Alarm System |
| Heating Fuel | Natural Gas |
| Size Exterior | 4829.69 Sqft |
| Size Interior | 4,830 Ft2 |
| Total Finished Area | 4829.69 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Depth | 36.53 M |
| Size Frontage | 19.2 M |
| Size Irregular | 696.00 |
| Size Total | 696 M2|7,251 - 10,889 Sqft |
| Size Total Text | 696 M2|7,251 - 10,889 Sqft |
| Zoning Description | M-c1 |
When you contact Maverick Group, the best realtors in Airdrie, you will know that you are working with an agent and team who focuses on you and your needs. We will be with you every step of the way. From buying and selling to rental properties and relocation, we deliver results in the Airdrie real estate market and are ready to assist you with all of your real estate needs.
Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
