Attention Builders or Investors: Exceptional Investment Opportunity with a Legal Basement Suite in Desirable Bowness. this property presents an enticing blend of comfort, revenue, and location, generating over $4,000 in monthly revenue. The City of Calgary has granted legal status to the east side basement suite, providing peace of mind for investors. This separate legal suite offers a self-contained living space for additional rental income or extended family living. The property has undergone upgrades including updated kitchens, floorings, and bathrooms. You'll find brand-new tubs and beautifully tiled showers that add a touch of luxury to the space. The lot is generously sized with ample outdoor space for potential expansion, gardening, or simply enjoying the outdoors. Nature enthusiasts will be delighted to know that this property is conveniently located close the Bow River Pathway and breathtaking Rocky Mountains. Explore hiking trails, ski resorts, and the great outdoors, just a short drive away. In addition, there are many amenities nearby, including schools, shopping centers, restaurants, and public transportation, within easy reach. Bowness offers a vibrant and welcoming community. With updated interiors and stable tenants in place, you can invest with confidence. Whether you're a seasoned investor or just starting, this property offers the best of both worlds providing immediate rental income without the hassle of finding occupants. This property is a unique opportunity to invest in a home that generates substantial income, thanks to its legal basement suite and desirable location.
Price:
$500,000
Dwelling Type:
Detached
Property Type:
Residential
Home Style:
Bungalow
Condo Type:
Not a Condo
Bedrooms:
4
Bathrooms:
3.0
Year Built:
1960
Floor Area:
1,218 sq. ft.113 m2
Lot Size:
5,995 sq. ft.557 m2
MLS® Num:
A2081288
Status:
Sold
Floor
Type
Size
Other
Main Floor
Living Room
15'4"4.67 m × 13'4"4.06 m
Main Floor
Kitchen
14'8"4.47 m × 10'6"3.20 m
Main Floor
Dining Room
13'10"4.22 m × 10'10"3.30 m
Main Floor
Bedroom - Primary
13'6"4.11 m × 9'8"2.95 m
Main Floor
Bedroom
9'6"2.90 m × 7'8"2.34 m
Main Floor
Sunroom/Solarium
10'2"3.10 m × 9'6"2.90 m
Main Floor
Bedroom
10'10"3.30 m × 9'6"2.90 m
Basement
Kitchen
8'4"2.54 m × 7'2"2.18 m
Basement
Living/Dining Room Combination
17'6"5.33 m × 8'10"2.69 m
Basement
Kitchen
8'3"2.51 m × 8'2.44 m
Basement
Living Room
15'10"4.83 m × 14'3"4.34 m
Basement
Bedroom
12'8"3.86 m × 7'3"2.21 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'10" x 5'10"
Basement
No
3
6'3" x 6'
Basement
No
3
7'4" x 3'4"
Photo 1 of 39
Main Suite Dining Room
Main Suite Dining Room
Main Suite Living Room
Main Suite Living Room
Main Suite Living Room view to Kitchen and Dining Room
Data was last updated February 13, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$748,800
Min list price:
$239,900
Max list price:
$1,600,000
Avg days on market:
28
Min days on market:
2
Max days on market:
113
Avg price per sq.ft.:
$527.7
These statistics are generated based on the current listing's property type
and located in
Bowness. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.