Exceptional Purpose-Built Multi-Family Rental Investment in Tuxedo Park – 328 29 Avenue NE, Calgary

A rare opportunity to acquire a thoughtfully designed purpose-built multi-family rental project in Calgary’s highly desirable inner-city community of Tuxedo Park. Designed to maximize rental income, tenant appeal, and long-term investment potential, this impressive development features five contemporary multi-level residences, each complemented by its own self-contained basement suite—creating 10 potential rental units within one strategically designed project.

The plans offer an outstanding mix of spacious, family-oriented accommodations and efficient secondary rental suites. Three of the primary residences provide approximately 1,400 sq. ft. above grade, while the two additional residences offer approximately 1,232 sq. ft., plus basement suites ranging from approximately 427 to 483 sq. ft. The complete project represents approximately 8,967 sq. ft. of planned residential living space.

Each main residence has been designed with modern renters in mind, featuring an open-concept kitchen, dining and living level, powder room, multiple bedrooms, upper-floor laundry and an impressive loft-level primary retreat. The loft plans incorporate primary bedrooms, walk-in closets, ensuites, vaulted ceilings and private outdoor spaces, while additional amenity/office spaces provide the flexibility increasingly sought after by today’s tenants.

The lower-level suites are designed as functional one-bedroom rental accommodations with their own kitchens, living areas, bathrooms and laundry facilities—creating the potential for diversified rental income and a highly attractive unit mix. The mechanical design also incorporates features including HRV ventilation, high-efficiency heating and tankless systems as shown on the plans.

Parking and tenant convenience have also been carefully considered. The project includes a five-stall detached garage, along with a secure Class 1 bicycle parking enclosure designed for 10 bicycle stalls. The garage is also identified as solar-ready, providing additional future flexibility for an increasingly energy-conscious rental market.

Architecturally, the development delivers the modern urban aesthetic renters are looking for, with dramatic rooflines, contemporary Hardie siding, contrasting exterior finishes and private balconies creating a distinctive streetscape and strong curb appeal.

Located at 328 29 Avenue NE in Tuxedo Park, this is an outstanding inner-city Calgary location with convenient access to Edmonton Trail, Centre Street, transit, schools, shopping, restaurants and the downtown core. The property is approximately 4.5 km from Downtown Calgary, offering the combination of accessibility and established-community living that continues to attract renters.

For investors searching for a Calgary multi-family investment property, purpose-built rental development, 10-unit rental opportunity, Tuxedo Park investment property or inner-city Calgary income property, this project represents a compelling opportunity to secure a modern, efficiently designed asset positioned for multiple income streams, strong tenant demand and long-term appreciation potential.

Five residences. Five additional basement suites. Ten potential rental units. Five garage stalls. One exceptional inner-city Calgary investment opportunity.