If you have been searching for the ideal inner-city investment property with exceptional redevelopment potential, your search ends here. Welcome to 221 31 Ave NE, Calgary, AB, a rare offering situated in the highly sought-after community of Tuxedo Park. Listed at $599,000, this property sits on a full 4,854 sq ft R-CG lot, a zoning designation that opens the door for multi-unit development, laneway homes, and a wide range of profitable building possibilities.

For investors, builders, and visionary homeowners alike, this address represents one of the most compelling opportunities currently available in Calgary’s inner core.

A Coveted Inner-City Community Experiencing Growth

Tuxedo Park has quickly become a favourite among developers and urban lifestyle seekers. Its blend of mature streets, established homes, and exciting new infill projects creates a neighbourhood in the midst of transformation. Residents enjoy a peaceful community vibe while still benefiting from unbeatable location advantages, including:

✔️ Minutes to Downtown Calgary
✔️ Easy access to major routes such as Edmonton Trail and Centre Street
✔️ Walking distance to parks, schools, cafes, and shopping
✔️ Future Green Line LRT connection that will continue elevating long-term value

It's no wonder why this pocket of Calgary continues to attract interest from those who recognize the importance of location, convenience, and long-term community investment.

The Property: Charming Today, Unlimited Tomorrow

The existing home offers comfortable living for those who want to enjoy the space as it is or generate rental income while planning a redevelopment project. Highlights include:

• 2 Bedrooms and 2 Bathrooms
• Bright main living area with laminate flooring
• Spacious kitchen showcasing vintage character
  
  
  
  
  
  
• Partially finished basement offering flexible space
• Room for a recreation area, office, or additional bedroom
• Ideal for future rental income development
  
  

• Private backyard with raised garden beds
• Generous covered deck, ideal for year-round enjoyment
• Back lane access for future parking or garage development

Whether your vision is a modern infill, a multi-unit build, or a stunning transformation of the existing structure, the foundation for success is already here.

Why This Property Stands Out

🏡 R-CG Zoning supports rowhouses, suites, and a variety of creative building configurations
📍 Unmatched Location offers inner-city convenience without the density of downtown
📈 Investment Advantage allows you to secure a position in one of Calgary’s rapidly improving corridors before values shift
🌳 Lifestyle Appeal includes walkability, community focus, and an abundance of local amenities

In the world of real estate, opportunity is not just about what exists today. It is about what is possible tomorrow. 221 31 Ave NE represents exactly that: potential, positioning, and profitability.

Book Your Tour Today

If you have been waiting for the right inner-city lot to anchor your next build or investment strategy, this is it. Properties like this are rare, and in a community like Tuxedo Park, they do not last long.

📞 Ready to explore this opportunity in person
Request a private tour and discover why this address could be the next great addition to your portfolio Call Rob Vanovermeire – (587)-328-7524

Interested in more properties with exceptional development potential in Calgary and the surrounding area? Stay tuned to our blog for market insights, community spotlights, and exclusive listings.