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  4. #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
  • A2271794
  • MLS Number
  • 3091.00
  • sqft
  • 0.20
  • Lot sqft
  • 1963
  • Year Built
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
  • Property Type Apartment, Multi-Family
  • MLS Number A2271794
  • Property Size 3091.00 sqft
  • Year Built 1963
  • Property Status Active
  • Parking 8
  • Brokerage name D.C. & Associates Realty
Features & Amenities
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