Property Details
120 29 Avenue NW
Calgary (A2310526)
Description
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.
Property details
- MLS® #
- A2310526
- Property Type:
- Commercial
- Subtype:
- Multi Family
- Subdivision:
- Tuxedo Park
- Price
- $1,750,000
- Sale/Lease:
- For Sale
- Size:
- 4,830 sq.ft.
- Year Built:
- 1972 (54 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- 8 Fridges 8 Stoves 1 Washer & 1 Dryer
- Lot Size:
- 0 acres
- Zoning:
- M-C1
- Roof:
- Flat Torch Membrane
- Exterior:
- Concrete
- Heating:
- Boiler, Natural Gas
- Possession:
- 30 Days / Neg
- Days on Market:
- 54
Basic Info
Building Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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