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$2,200,000
Alberta,Calgary
For Sale Active
120 29 Avenue NW, Calgary, Alberta T2M2L8
  • 4,830 Sqft
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Basic Details
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. (id:62783)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2310526
  • Price: $2,200,000
  • Square Footage: 4,830 Sqft
  • Year Built: 1972
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 256339
Features & Appliances
Features
  • Heating System: Natural gas
  • Exterior Features: Concrete
Address Map
  • Location: CA, Alberta, Calgary, Tuxedo Park, T2M2L8
  • Street: 29
  • Street Number: 120
  • Street Suffix: Avenue
  • Longitude: W115° 56' 10.3''
  • Latitude: N51° 4' 44.4''
  • Street Dir Suffix: Northwest
Additional Information
  • Construction Materials:
  • Lot Size Dimensions: 696.00
Financial
  • Tax Annual Amount: 9394
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Listing updated: 2026-05-14 14:00:05
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Listing Information
  • List Agent Key: 1921859
  • List Office Key: 256339
  • Modification Timestamp: 2026-05-13T21:35:46Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-05-13T21:28:25Z
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Listing updated: 2026-05-14 14:00:06
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