120 29 Avenue Nw, Calgary, Alberta T2M 2L8

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$1,750,000

Highlights

$1,750,000

Price

4830 sqft

Lot

For sale

Status

A2310526

MLS® ID

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:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2310526
    • Price $1,750,000
    • Square Footage: 4830 sqft
    • Property Type: Multi-Family
    • Community Name: Tuxedo Park
    • Parking Space Total 6
    • Plan 3980am

    Buildings

    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 4830 Sqft Total Finished Area 4829.69 Sqft
    Type Multi-family

    Land

    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

    Agents and Offices

    • Miki Somos
    • Office: RE/MAX Innovations

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