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.
Address
1-8, 128 22 Avenue NE
List Price
$2,225,000
Property Type
Multi-Family
Type of Dwelling
Apartment
Style of Home
Single Level Unit
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Tuxedo Park
Floor Area
3,091 Sq. Ft.
Lot Size
8901 Sq. Ft.
Year Built
1963
MLS® Number
A2271794
Listing Brokerage
D.C. & Associates Realty
Basement Area
Full
Postal Code
T2E 1T3
Zoning
M-C1