33 days on Market

116 31 Ave, Calgary, Alberta T2M2N9

Detached
3 + 1
4
~1563.96 sqft
$939,000
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Detached
3 + 1
4
~1563.96 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$600/sqft

Est. Mortgage$4,033/mo

Tax Amount (2024)$4,689/yr

Days On Market33 days


Description

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!


Property Details

StyleBungalow
View-
Age of property1949
SqFt~1563.96 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2200376
Community NameTuxedo Park
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: Central,Wall Furnace
Basement: Full,Suite

Main Floor

Kitchen

34`9" x 27`4"

Kitchen

29`9" x 48`11"

Bedroom

38`3" x 36`4"

Bedroom

34`5" x 39`4"


Features

Patio: Front Porch

Parking

Garage spaces 1

Garage type -

Other parking spaces 3

Total parking spaces 4


Property History

Mar 7, 2025
ListedActive
$939,000
33 days on market
history photo preview48
Listing by pillar®
Property listed by CIR Realty, Brokerage
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Population and Demographics

Overview

Total population 4856
Average household income $156,497

Age (%)

35 to 49
27%
20 to 34
25%
50 to 64
18%
0 to 19
18%
65 and plus
11%

Household composition (%)

Single family
54%
Single person
37%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
79%
Yue (Cantonese)
6%
Others
3%
Mandarin
3%
Spanish
2%
Tagalog (Pilipino, Filipino)
2%
French
2%

House tenancy (%)

Owners
54%
Renters
46%

Schools and amenities

Estimated Budget