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128 22 Av NE
Calgary, AB T2E 1T3
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Building-owned common laundry facility.
- One block from a bus route and only minutes from downtown.
- Walk Score of 89 (very walkable) and a Transit Score of 58 (good transit access) according to Walk Score data.
Executive Summary
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. 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.
Property Facts
| Price Per Unit | $278,125 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 8 | Building Size | 7,412 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | ||
| Zoning | M-C1 - Multi-Residential – Contextual Low Profile | ||
| Price Per Unit | $278,125 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,412 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | M-C1 - Multi-Residential – Contextual Low Profile |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
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