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$3,699,999
Est. payment /mo
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $308
Subdivision Tuxedo Park
MLS Listing ID A2348704
Year Built 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Multi Family
Property Description
Tuxedo Place – Boutique Multi-Unit Investment Opportunity in Central Calgary
Introducing Tuxedo Place — a rare,purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park,one of Calgary's most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants.
The property is comprised of 4 well-designed townhomes and 4 legal basement suites,with one suite per townhome. Each townhome offers bright,spacious layouts with modern finishes,while the basement suites are fully self-contained with private entrances,providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use.
Fully leased and generating positive cash flow,Tuxedo Place offers investors immediate,stabilized income in a highly desirable inner-city rental market. Strong location fundamentals support consistent occupancy and long-term appreciation,with residents enjoying convenient access to downtown Calgary,major transit corridors,Confederation Park,schools,shopping,restaurants,and recreational amenities.
A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%,maturing December 1,2030,subject to lender and CMHC approval. This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt,potentially enhancing cash flow and reducing financing costs while acquiring a stabilized,income-producing asset.
Rarely do stabilized,purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Tuxedo Place represents an exceptional opportunity for private investors,family offices,and institutional buyers seeking immediate cash flow,long-term appreciation,and attractive in-place financing.
With its 8-unit configuration,strong tenant appeal,desirable central location,and future redevelopment potential,Tuxedo Place offers a compelling combination of current income and long-term upside.
An exceptional opportunity to acquire a stabilized,income-producing multifamily asset with favourable assumable financing in one of Calgary's established inner-city communities
Introducing Tuxedo Place — a rare,purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park,one of Calgary's most accessible and evolving inner-city neighbourhoods. This turnkey rental property sits on a 75 ft x 120 ft (9,000 sq ft) lot and offers a functional unit mix that appeals to a wide range of tenants.
The property is comprised of 4 well-designed townhomes and 4 legal basement suites,with one suite per townhome. Each townhome offers bright,spacious layouts with modern finishes,while the basement suites are fully self-contained with private entrances,providing strong additional rental income. The design and configuration support both owner-occupancy and full investment use.
Fully leased and generating positive cash flow,Tuxedo Place offers investors immediate,stabilized income in a highly desirable inner-city rental market. Strong location fundamentals support consistent occupancy and long-term appreciation,with residents enjoying convenient access to downtown Calgary,major transit corridors,Confederation Park,schools,shopping,restaurants,and recreational amenities.
A significant investment advantage is the existing assumable CMHC-insured mortgage at 3.729%,maturing December 1,2030,subject to lender and CMHC approval. This below-market financing presents a rare opportunity for qualified purchasers to secure favourable debt,potentially enhancing cash flow and reducing financing costs while acquiring a stabilized,income-producing asset.
Rarely do stabilized,purpose-built multifamily assets with assumable CMHC financing become available in Calgary's premier inner-city market. Tuxedo Place represents an exceptional opportunity for private investors,family offices,and institutional buyers seeking immediate cash flow,long-term appreciation,and attractive in-place financing.
With its 8-unit configuration,strong tenant appeal,desirable central location,and future redevelopment potential,Tuxedo Place offers a compelling combination of current income and long-term upside.
An exceptional opportunity to acquire a stabilized,income-producing multifamily asset with favourable assumable financing in one of Calgary's established inner-city communities
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning R-CG
Direction NE
Interior
Heating High Efficiency, Natural Gas
Cooling Central Air
Inclusions None
Fireplace No
Exterior
Garage No
Building
Dwelling Type Townhouse
Others
Restrictions None Known
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Listed by Royal LePage Solutions
NEARBY SCHOOL & BUSINESS
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