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Terry Chang - The Real Estate Company Limited
#11,5080-12A Street S.E., Calgary, Alberta
P: 403-660-0472
F: 403-592-6919
Email

Listing Details

For more information on this listing or other please contact me.

Data was last updated 2026-05-13 at 15:20:09 GMT
$2,200,000

120 29 Avenue NW   Calgary, Alberta

MLS®: A2310526
URL:    
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.
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.

Listing Information

Prop. Type:
Multi Family (Commercial)
Status:
Active
City:
Calgary
Neighbourhood:
Tuxedo Park
Area:
Calgary
Province:
Alberta
MLS® Number:
A2310526
Listing Price:
$2,200,000

General Information

Year Built:
1972

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This property is listed by Remax Innovations and provided here courtesy of Terry Chang. For more information or to schedule a viewing please contact Terry Chang.
Terry Chang
The Real Estate Company Limited
Phone: 403-660-0472
Mobile Phone: 403-660-0472
Inquire Via Email
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The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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