Tuxedo Place â Boutique Multi-Unit Investment Opportunity in Central CalgaryIntroducing Tuxedo Place â a rare, purpose-built 8-unit investment property ideally located in the heart of Tuxedo Park, one of Calgaryâs 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 Calgaryâs 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 Calgaryâs established inner-city communities (id:32467)
| Building |
Multi-family |
| Rooms |
|
| Bedrooms |
|
| Bathrooms |
0 |
| Square Footage |
12000 ft² |
| Built in |
2024 |
| Parking Type |
|
| Neighbourhood |
CALGARY |
