254 23 Avenue NE

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$999,000

254 23 Avenue NE

Tuxedo Park, Calgary · MLS® A2332077

1024

1,369 sq ft · 413 m² lot · House · Multi-family · built 1970 · 87 days on market

listed by Lionel Sale, First Place Realty

realtor's description

Fantastic Investment opportunity. Fully rented 10 Bedroom duplex, Prime Inner-City location ! Tuxedo Full Duplex, just off Edmonton Trail next to Commercial property. Very strong cash flow with High demand rental units. Consistently 100% occupied with quality tenants. In addition to 10 bedrooms there 2 Full baths, 2 Half baths, 2 Kitchens on the main (1 each side)Each room has a refrigerator, 2 dining areas. Each side has a laundry room. There is an oversized single garage (not rented) and off street parking. Property is made up of 2 lots on one title, zoned R-CG offering good long term investment potential. Easy access to transit.

property details

type: House, Multi-family
bedrooms: 10
bathrooms: 2
living area: 1,369 sq ft
lot: 413 m²
parking: 4
year built: 1970
property tax: $4,508 / yr
days on market: 87
MLS®: A2332077

features

Back lane
No Animal Home
No Smoking Home
See remarks

city assessment

$678,000

2026 assessment · market value as of July 1, 2025

Up 3.6% from $654,500 in 2025
$487,000 in 2016 (39% over ten years)
Asking price is 47% above the assessment
Built 1963
Lot 413 m² (4,445 sq ft)

roll year	assessed
2026	$678,000
2025	$654,500
2024	$591,500
2023	$520,500
2022	$493,000
2021	$497,000
2020	$484,500
2019	$521,500

From City of Calgary open data (property assessments), matched to 254 23 AV NE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $4,509 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $4,508 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$4,728/mo

Mortgage $4,353 · Tax $376

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,353/ monthly

loan $799,200

25-year amortization

down payment20% · $199,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $506,564
land title fees: $1,900; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $201,700; down + land title fees
total paid: $1,305,764

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.