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Reduced $100,000 (8%) from $1,199,000
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229 27 Avenue NW
Beds
4
Baths
4 full + 1 half
Sqft
1,996
Year
2023
Type
Single Family
On market
33d
One-of-a-kind luxury infill designed by Julie at Paul Lavoie Interior Design and expertly executed by Genex Builders. Located on a quiet, tree-lined street in the heart of Tuxedo Park, this 2702.5 sq ft home has a warm, elevated feel with high-end finishes throughout. The main floor feels bright and spacious with 10-foot ceilings, engineered hardwood flooring, custom millwork, a tiled gas fireplace, and a thoughtfully designed kitchen featuring black quartz countertops, under-cabinet lighting, and a tile-wrapped hood fan. Upstairs, you’ll find 3 bedrooms and 2 full bathrooms, including a stunning primary retreat with vaulted ceilings, a spa-inspired ensuite finished with floor-to-ceiling tile throughout, and a steam shower. The finished basement includes a legalized suite with 1 bedroom, a full kitchen, and a separate side entrance, offering excellent rental potential or a private space for extended family. Complete with air conditioning, a 20 foot backyard deck, and an unbeatable inner-city location close to new and upcoming parks, playgrounds, schools, SAIT, Confederation Park, Winston Golf Club, 4 Street, Centre Street, 16 Avenue, and downtown, this home is a standout opportunity in a mature, established community. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 19.25 Ft x 8.67 Ft | |
| Laundry room | 13.67 Ft x 3.58 Ft | |
| 4pc Bathroom | 7.42 Ft x 4.92 Ft | |
| Bedroom | 14.50 Ft x 13.17 Ft | |
| Furnace | 10.33 Ft x 3.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.75 Ft x 5.83 Ft | |
| Dining room | 16.83 Ft x 10.50 Ft | |
| Other | 17.17 Ft x 11.08 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.58 Ft | |
| Living room | 15.83 Ft x 12.17 Ft | |
| Other | 5.17 Ft x 5.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 15.92 Ft x 11.75 Ft | |
| 6pc Bathroom | 9.67 Ft x 12.75 Ft | |
| Other | 8.92 Ft x 5.83 Ft | |
| Laundry room | 6.25 Ft x 7.75 Ft | |
| 4pc Bathroom | 8.17 Ft x 4.92 Ft | |
| Bedroom | 9.67 Ft x 12.75 Ft | |
| Bedroom | 9.58 Ft x 13.92 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.78%
Cap rate
4.71%
GRM
13.9
Break-even rent
$6,750
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.