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$ 3,699,999
Est. payment | /mo
12,000 SqFt
$ 3,699,999
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 12000
Square Footage 12,000 sqft
Price per Sqft $308
Subdivision Tuxedo Park
MLS® Listing ID A2348704
Year Built 2024
Lot Size 8,987 Sqft
Acres 0.206333
Property Description
Tuxedo Place – Boutique Multi-Unit Investment Opportunity in Central CalgaryIntroducing 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 cen tral 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 (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by Royal LePage Solutions
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