A legal basement suite in Calgary is in a home that has been inspected and approved to be used as a rental property. These Secondary Suites are highly sought after by first-time homebuyers, seniors, and real estate investors.
Having a home with income potential is very attractive for first-time homebuyers that want to skip the condo and townhouse market. Some often spend the first few years renting out the main floor while living in the basement. Now that's a smart way to jump-start home ownership without condo fees.
Seniors wanting to downsize and also avoid condos and townhouses also love these properties. Seniors often have the basement tenants take care of the snow shovelling and lawn cutting as part of the rent.
Real Estate Investors love the opportunity to maximize their income potential by renting the basement suite, main floor and garages.
The big advantage of having a City Approved Secondary Suite is never having to worry about complaining neighbours calling the city to have your basement suite shut down.
Back on the market! Beautiful bungalow house in Forest Lawn area! Located on quiet street with mature trees, close to schools, shopping and transit! Upstairs has 3 bedrooms, 2 full baths and downstairs has 2 bedrooms with big windows and separate entrance! The exterior has been upgraded with new stucco and some windows! The interior has hardwood floor, bright living room and large kitchen! Basement is fully finished! Backyard has concrete patio, RV parking and large oversized double garage!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
15 Days / Neg, Immediate
Possession Date:
Nov 26, 2021
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,045 sq. ft.97.08 m2
Main Level Finished Area:
1,045 sq. ft.97.08 m2
Upper Level Finished Area:
1,045 sq. ft.97.08 m2
Taxes:
$2,435 /
2020
Lot Area:
5,985 sq. ft.556.02 m2
Lot Frontage:
49'11"15.222 m
Front Exposure:
East
Unit Exposure:
East
Levels:
One
Total Rooms Above Grade:
5
Year built:
1958
(Age: 64)
Bedrooms:
5
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
1.0
(Full:1, Half:0)
Plan:
5454HJ
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Linoleum
Cooling:
Rooftop
Fireplaces:
0
Utilities:
Electricity Available, Natural Gas Available, Water Available
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