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$1,980,000
Est. payment /mo
4,829 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,829 sqft
Price per Sqft $410
Subdivision Tuxedo Park
MLS Listing ID A2310526
Year Built 1972
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Multi Family
Property 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.
Location
Province AB
County Cal Zone Cc
Area Cal Zone Cc
Zoning M-C1
Direction NW
Interior
Heating Boiler, Natural Gas
Inclusions 8 Fridges 8 Stoves 1 Washer & 1 Dryer
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Total Parking Spaces 6
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
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Listed by REMAX Innovations
Nearby Locations
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