Attention Investors and Developers! Discover this exceptional turnkey investment opportunity in the highly sought-after neighborhood of Tuxedo Park, featuring a rare 62-foot frontage and 120-foot depth with R-CG zoning. This fully occupied revenue property offers stunning downtown city views and generates FIVE SEPARATE INCOME STREAMS, including a coin-operated laundry. The property features four self-contained illegal units, each designed for maximum comfort and privacy, with separate entrances, charming decks, green spaces, and captivating views. Set on a large lot with immense redevelopment potential, especially under the current blanket rezoning, this property is perfect for investors seeking steady income and future growth. The prime location offers unbeatable convenience, with quick access to downtown, top-rated K-12 schools, SAIT, the University of Calgary, public transit, and major routes throughout the city—all within a 20-minute drive. This is a rare opportunity to secure a high-performing investment property in one of NW Calgary’s best neighborhoods. Act now and invest in your future!
Address
116 31 Avenue NW
List Price
$939,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Tuxedo Park
Bedrooms
4
Bathrooms
4
Floor Area
1,564 Sq. Ft.
Lot Size
7502 Sq. Ft.
Year Built
1949
MLS® Number
A2200376
Listing Brokerage
CIR Realty
Basement Area
Full, Suite
Postal Code
T2M2N9
Zoning
R-CG
Site Influences
Back Lane, Cleared, Schools Nearby, Park, Playground
