1-8, 128 22 Avenue Northeast. Calgary, Alberta T2E 1T3

$2,225,000

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Down Payment: Monthly Payment:
  • 3,091 SqFt
  • $719.83 / SqFt
  • Neighbourhood: Tuxedo Park
  • HOA: N/a
  • MLS® #: A2271794
  • Year Built: 1963
  • Days Listed: 82

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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.

Welcome to the Tuxedo Park community located in Calgary, Alberta. This community has many great amenities for you to enjoy.

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1-8, 128 22 Avenue Northeast - Subdivision Statistics

Avg. asking price $926,099
Price per sq. ft. $539
Median price $799,800
Number of homes for sale in Tuxedo Park 29
Number of homes for sale in Calgary 4805
Avg. Days on Market 48

Essential Information

Amenities

  • Parking Spaces8

Interior

Additional Information

  • ZoningM-C1

Community Information

Exterior

  • RoofFlat, Membrane
  • FoundationPoured Concrete
  • Frontage Metres22.86M 75`0"

Listing Details

  • Listing OfficeD.C. & Associates Realty

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Request a showing of 1-8, 128 22 Avenue Northeast, a 0 bedroom, 0.00 bathroom Apartment in Tuxedo Park, Calgary. Built in 1963 and approximately 3,091 square feet in size, MLS #A2271794 is currently listed for $2,225,000. To schedule a property tour, contact us at Justin Havre & Associates.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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. Used under license.