28 days on Market

116 31 Ave, Calgary, Alberta T2M2N9

Detached
3 + 1
4
~1563.96 sqft
$899,000
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Detached
3 + 1
4
~1563.96 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$574/sqft

Est. Mortgage$3,861/mo

Tax Amount (2024)$4,689/yr

Days On Market28 days


Description

Attention Investors and Developers! A rare lot with limitless potential. Discover this exceptional turnkey investment opportunity in the highly sought-after neighborhood of Tuxedo Park. Situated on a rare 62-foot wide by 120-foot deep lot with R-CG zoning, this property offers stunning downtown city views and significant redevelopment potential. The home contains four self-contained illegal suites, each with its own entrance, deck or green space, and access to beautiful city views. These units are designed for privacy and comfort, appealing to long-term tenants. This is an ideal property for future redevelopment or long-term holding, especially with the recent city-wide rezoning policies encouraging greater density. Located minutes from downtown, SAIT, U of C, top-rated schools, public transit, and major roadways, the convenience and potential here are unmatched. Don't miss this rare chance to invest in one of Calgary’s most desirable inner-city communities.


Property Details

StyleBungalow
View-
Age of property1949
SqFt~1563.96 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2211167
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"

3pc Bathroom

34`9" x 16`5"

3pc Bathroom

23`6" x 27`8"


Features

Patio: Front Porch

Parking

Garage spaces 1

Garage type -

Other parking spaces 3

Total parking spaces 4


Property History

Apr 11, 2025
ListedActive
$899,000
28 days on market
history photo preview47
Listing by pillar 9®
Property listed by CIR Realty, Brokerage
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Market Data - Tuxedo Park

Geo Zone Map ThumbnailTuxedo Park

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

10 days

Compared to

2024

8 days

2023

42 days

New Listings

Past 30 days

5 listings

Compared to

2024

9 listings

2023

5 listings

Units sold

Past 30 days

2 units

Compared to

2024

7 units

2023

8 units

Median Sold Price

Past 30 days

$699,000

Compared to

2024

$733,000

2023

$614,000


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