233 25 Avenue NE,Calgary, AB T2E1Y2
Calgary, AB T2E1Y2
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:13843)
Details
| MLS # | A2348704 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2024 |
| Days On Site | 25 |
| Listing Provided By | Royal LePage Solutions | Gene Yamada |
Features
| SQ Feet | 12,000 |
|---|---|
| Zoning | R-CG |
| Acreage | 0.21 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Natural gas |
| Fireplace Yes / No | No |
Taxes
| Tax Annual Amount | 8107 |
|---|---|
| Tax Block | 4 |
| Tax Lot | 20-22 |
| Tax Year | 2024 |
Area Information
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2E1Y2 |
| Community Name | Tuxedo Park |
| Listing VS Median (in Tuxedo Park) | |
Price: $3,699,999 low | high Med: $659,900 sqft: 12,000 low | high Med: 805 $ / sqft: $308 low | high Med: $820 On site: 25 low | high Med: 27 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2E1Y2 |
| Community Name | Tuxedo Park |
| Listing VS Median (in Tuxedo Park) | |
Price: $3,699,999 low | high Med: $659,900 sqft: 12,000 low | high Med: 805 $ / sqft: $308 low | high Med: $820 On site: 25 low | high Med: 27 | |