Located in the sought-after community of Tuxedo Park, this property offers a rare combination of charm, rental income, and redevelopment potential. Sitting on a large lot with MU-1 zoning, this is an ideal opportunity for investors, developers, or those looking for a mortgage helper. 2 Separate Suites (Illegal Basement) with a Rear Separate Entrance 2 Bedrooms Up & 1 Bedroom Down, Shared Laundry, Original Hardwood Floors, Newer Roof for peace of mind, 100 amp panel, Single Detached Garage, Covered Rear Carport, Huge Front Driveway with extra parking space and a great Spacious Backyard. Enjoy Quick access to downtown via Centre Street Steps to public transit, shops, and amenities. Whether you choose to redevelop under MU-1 zoning or hold as a rental property, this home offers incredible potential in one of Calgary’s established inner-city neighborhoods. Don't miss out.