1-8, 128 22 Avenue NE
Calgary T2E 1T3
MLS® Number: A2271794
$ 2,225,000
0
BEDROOMS
0 + 0
BATHROOMS
3,091
SQUARE FEET
1963
YEAR BUILT
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.
| COMMUNITY | Tuxedo Park |
| PROPERTY TYPE | Apartment |
| BUILDING TYPE | Low Rise (2-4 stories) |
| STYLE | Single Level Unit |
| YEAR BUILT | 1963 |
| SQUARE FOOTAGE | 3,091 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | Full |
| AMENITIES | |
| APPLIANCES | |
| COOLING | |
| FIREPLACE | N/A |
| FLOORING | Carpet, Tile, Vinyl Plank |
| HEATING | Boiler, Natural Gas |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | Alley Access, Assigned, Plug-In |
| RESTRICTIONS | None Known |
| ROOF | Flat, Membrane |
| TITLE | Fee Simple |
| BROKER | D.C. & Associates Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|
