AB > Calgary > Tuxedo Park
Calgary, AB T2M2N9,116 31 AVE NW
Calgary, AB T2M2N9,116 31 AVE NW
Calgary, AB T2M2N9,116 31 AVE NW
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Ahmed Arshad

Ahmed Arshad

+1(403) 399-2170
$939,000
Est. payment /mo
4 Beds
4 Baths
1,563 SqFt
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UPDATED:

03/08/2025 08:15 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,563 sqft

Price per Sqft $600

Subdivision Tuxedo Park

MLS® Listing ID A2200376

Style Bungalow

Bedrooms 4

Full Baths 4

Originating Board Calgary

Year Built 1949

Annual Tax Amount $4,689

Tax Year 2024

Lot Size 7,502 Sqft

Acres 0.17

Property Sub-Type Detached

Property 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!

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning R-CG

Direction S

Rooms

Basement Full, Suite

Interior

Interior Features Ceiling Fan(s), See Remarks

Heating Central, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Linoleum

Inclusions 1 Dishwasher, 4 Stoves, 4 Fridges, 1 Washer & 1 Dryer (coin operated)

Appliance Dishwasher, Refrigerator, Stove(s), Washer/Dryer

Laundry Common Area

Exterior

Parking Features Carport, Double Garage Detached, Off Street, Parking Pad

Garage Spaces 1.0

Garage Description Carport, Double Garage Detached, Off Street, Parking Pad

Fence None, Partial

Community Features Park, Playground, Schools Nearby

Roof Type Asphalt Shingle

Porch Front Porch

Lot Frontage 62.23

Exposure S

Total Parking Spaces 4

Building

Lot Description Back Lane, Cleared

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Brick,Stucco,Wood Frame

Others

Restrictions Airspace Restriction

Tax ID 95245667

Ownership Private

Virtual Tour https://youriguide.com/116_31_ave_nw_calgary_ab

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Listed by CIR Realty

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  • I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
    Kiro Seremetkoski
  • Definitely will recommend to those who is looking for their new home.
    Jeric Salazar
  • Erica Salazar
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Ahmed Arshad
Ahmed Arshad
Realtor

+1(403) 399-2170

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.