120 29 Avenue NW, Calgary, AB, T2M 2L8

MLS® # A2310526

new listing

Commercial For Sale In Tuxedo Park, Calgary, Alberta

$2,200,000

None Beds

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120 29 Avenue Nw, Calgary, AB - Outdoor With Exterior

120 29 Avenue Nw, Calgary, AB - With View

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Other Room

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Laundry Room

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Basement

120 29 Avenue Nw, Calgary, AB - Photo Showing Other Room

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Kitchen With Double Sink

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Kitchen

120 29 Avenue Nw, Calgary, AB - Indoor Photo Showing Bathroom

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120 29 Avenue NW, Calgary, AB, T2M 2L8

$2,200,000

Property Information:

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.

Inclusions: 8 Fridges 8 Stoves 1 Washer & 1 Dryer

Property Features:

Built in: 1972
Construction Materials: Concrete
Floor Space (approx): 4829.69 Square Feet
Heating: Boiler, Natural Gas
Lot Size: 7491.00 Square Feet
Property Access: Direct Access
Roof:
Zoning: M-C1
No. of Parking Spaces: 6

Courtesy of: REMAX Innovations

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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