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Prime investment opportunity in Elboya! This raised bungalow with a legal walk-out suite offers dual rental income in one of Calgary’s most sought-after locations. The main floor features 2 spacious bedrooms, a 4 piece bathroom, a bright living room, dining area and a well-appointed kitchen. While the legal suite downstairs offers an additional 2 bedrooms, 4 piece bathroom, and full kitchen—each unit with its own private entrance. Common areas include a large utility room equipped with 2 furnaces, 2 hot water tanks and shared laundry. Tenants split utilities, reducing ownership costs, and both leases are set to renew in June. The tenants have expressed interest in extending their stay with a modest rent increase, ensuring immediate and stable cash flow for the new owner. Recent upgrades include new egress windows in basement bedrooms, updated LVP flooring, hardwired smoke and CO detectors, a sprinkler system in common areas, new alarm bells, furnace cleaning, and yard enhancements. The property sits on a 50’ x 120’ R-CG lot with a large, private yard, mature trees, back alley access, and a parking pad that along with the front driveway can fit up to 6 vehicles. Located minutes from downtown, the C-Train, Chinook Mall, parks, stores and amenities. If you are looking for a home to live in and offset your ownership cost by renting out the legal suite - this is the right one for you. This property also presents a compelling opportunity for investors seeking a stable income stream in one of Calgary's most desirable neighborhoods with robust rental demand. (id:55690)
| Bathroom Total | 2 | Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 2 | Bedrooms Total | 4 |
| Appliances | Washer, Refrigerator, Stove, Dryer, Window Coverings | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1955 | Construction Material | Wood Frame |
| Construction Style Attachment | Detached | Cooling Type | None |
| Exterior Finish | Stucco, Wood Siding | Flooring Type | Linoleum, Vinyl, Wood |
| Foundation Type | Poured Concrete | Heating Type | Forced Air |
| Stories Total | 1 | Size Interior | 1048 Sqft |
| Total Finished Area | 1048 Sqft | Type | House |
| Other | |
| Parking Pad |
| Acreage | No | Fence Type | Fence |
| Land Amenities | Park, Playground, Schools, Shopping | Size Frontage | 15.06 M |
| Size Irregular | 557.00 | Size Total | 557 M2|4,051 - 7,250 Sqft |
| Size Total Text | 557 M2|4,051 - 7,250 Sqft | Zoning Description | R-cg |
| Level | Type | Dimensions |
|---|---|---|
| Basement | Furnace | 17.67 M x 26.17 M |
| Basement | 4pc Bathroom | 8.25 M x 4.83 M |
| Basement | Other | 8.17 M x 11.33 M |
| Basement | Family Room | 15.92 M x 11.42 M |
| Basement | Bedroom | 9.67 M x 10.42 M |
| Basement | Bedroom | 9.67 M x 14.50 M |
| Main Level | Bedroom | 10.92 M x 10.50 M |
| Main Level | 4pc Bathroom | 7.33 M x 6.75 M |
| Main Level | Primary Bedroom | 11.08 M x 17.17 M |
| Main Level | Living Room | 13.58 M x 21.17 M |
| Main Level | Dining Room | 13.67 M x 9.00 M |
| Main Level | Kitchen | 13.67 M x 10.75 M |
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