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116 31 Avenue NW, Calgary, Alberta

$939,000

4 Beds
4 Baths
1,564 Square Feet

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! (id:59963)

Listing ID: A2200376
Property Type: Single Family
Year Built: 1949

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Rooms

Level	Type	Dimensions
3pc Bathroom	Basement	5.83 M x 5.08 M
3pc Bathroom	Basement	6.00 M x 11.08 M
Bedroom	Basement	11.75 M x 10.58 M
Kitchen	Basement	16.42 M x 13.42 M
Kitchen	Basement	17.92 M x 9.00 M
Kitchen	Main level	10.58 M x 8.33 M
Kitchen	Main level	9.08 M x 14.92 M
3pc Bathroom	Main level	10.58 M x 5.00 M
3pc Bathroom	Main level	7.17 M x 8.42 M
Bedroom	Main level	11.67 M x 11.08 M
Bedroom	Main level	10.50 M x 12.00 M
Bedroom	Main level	10.42 M x 9.42 M
Office	Main level	11.25 M x 13.50 M

Details

Architectural Style: Bungalow
Amenities Nearby: Park, Playground, Schools
Features: See remarks, Back lane
Ownership: Freehold
Parking Spaces: 4
Plan: 2617AG
Transaction: For sale
Zoning Description: R-CG

Building

Appliances: Refrigerator, Dishwasher, Stove, Washer & Dryer
Architectural Style: Bungalow
BasementType: Full
Basement Features: Suite
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Constructed Date: 1949
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Brick, Stucco
Fireplace Present: False
Flooring: Carpeted, Laminate, Linoleum
Foundation: Poured Concrete
Bathrooms (Total): 4
Heating: Central heating, Other
Size Interior: 1563.96 sqft
Stories Total: 1
Total Finished Area: 1563.96 sqft
Type: House

Land

Amenities: Park, Playground, Schools
Fence: Not fenced, Partially fenced
Land Disposition: Cleared
Size Frontage: 18.97 m
Size Irregular: 7502.45
Size Total: 7502.45 sqft|7,251 - 10,889 sqft

Listing provided by CIR Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 116 31 Avenue NW in Calgary Ontario. It was last modified on March 7th, 2025. Contact the Jobbagy Stephen & Associates Real Estate to schedule a viewing or to discover other Calgary real estate for sale.

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