$1,980,000.00 4,830 Sq.ft

120 29 Avenue NW, Calgary. T2M2L8

Description

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:Commercial
Status:Active
MLS #:A2310526
City:Calgary
Neighbourhood:Tuxedo Park
Province:Alberta
Building/Unit Size: 4,830 sq.ft
Land Size:0.17 Acre
Listing Price:$1,980,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:M-C1
Listing Contract Date:2026-05-12

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "REMAX Innovations" listing brokerage.

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