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Property Description
Prime investment opportunity in the heart of Elboya on a 50 ft x 120 ft R-CG lot. This raised bungalow with a legal walk-out suite offers dual rental income in one of Calgary’s most desirable inner-city communities, with excellent long-term holding and redevelopment potential.The main floor features two spacious bedrooms, a four-piece bathroom, a bright living room, dining area, and a well-appointed kitchen. The legal lower suite offers two additional bedrooms, a four-piece bathroom, and a full kitchen, with separate private entrances for each unit.Shared spaces include a large utility room with two furnaces, two hot water tanks, and common laundry. Utilities are split between tenants, helping reduce ownership costs. Both leases renew in June, and the tenants have expressed interest in extending their stay, providing immediate and stable cash flow for the next owner.Recent upgrades include new egress windows in the basement bedrooms, updated LVP flooring, hardwired smoke and carbon monoxide detectors, a sprinkler system in common areas, new alarm bells, furnace servicing, and yard improvements.The oversized lot offers a large private yard with mature trees, back alley access, and a parking pad. Combined with the front driveway, there is parking for up to six vehicles.Ideally located minutes from downtown, the C-Train, Chinook Centre, parks, schools, and everyday amenities. Whether you are looking to live upstairs and offset ownership costs by renting the legal suite, or secure a strong investment in a high-demand neighbourhood, this property delivers flexibility, income, and long-term value. (id:21083)
Property Details
Listing ID
A2276653
Property Type
Single Family
Living Area
1,036 square feet
Lot Size
557 square meters
Year Built
1955
Parking
4 Spaces
Room Details
Living room
Level: Main level
Dimensions: 13.67 Ft x 17.25 Ft
Kitchen
Level: Main level
Dimensions: 9.58 Ft x 10.50 Ft
Dining room
Level: Main level
Dimensions: 8.08 Ft x 9.17 Ft
Bedroom
Level: Main level
Dimensions: 11.08 Ft x 14.75 Ft
Bedroom
Level: Main level
Dimensions: 10.58 Ft x 11.00 Ft
4pc Bathroom
Level: Main level
Dimensions: 6.75 Ft x 7.33 Ft
Living room
Level: Basement
Dimensions: 13.67 Ft x 17.25 Ft
Dining room
Level: Basement
Dimensions: 8.08 Ft x 9.17 Ft
Kitchen
Level: Basement
Dimensions: 9.58 Ft x 10.50 Ft
Bedroom
Level: Basement
Dimensions: 6.42 Ft x 15.17 Ft
Bedroom
Level: Basement
Dimensions: 9.67 Ft x 10.42 Ft
4pc Bathroom
Level: Basement
Dimensions: 4.83 Ft x 8.33 Ft
Features & Amenities
Heating & Cooling
Forced air
None
Appliances
Refrigerator
Stove
Hood Fan
Washer & Dryer
Parking
Parking Pad
Flooring
Hardwood
Laminate
Basement
Finished
Full
Separate entrance
Suite
Location
📍 Map: 51.012171, -114.0681124
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