What is a Legal Basement Suite in Calgary?

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.

Check out the City Of Calgary's Website for everything you should know about secondary suites.

Homes With Legal Basement Suites For Sale - Calgary Alberta

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25 Panamount Crescent NW
Panorama Hills Calgary T3K 5L7

$878,000
Residential beds: 4 baths: 4.0 1,922 sq. ft. built: 2000

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Status:
Active
Prop. Type:
Residential
MLS® Num:
A1258485
Bedrooms:
4
Bathrooms:
4
Year Built:
2000
WELCOME to this Fully Renovated /Remodeled beautiful Single Family Home in the desirable community of PANORAMA HILLS. TONS OF NATURAL LIGHT, BEAUTIFUL LAYOUT WITH SECONDARY SUITE APPROVED BASEMENT. A 2,644+ SQ FT FULLY DEVELOPED HOME. This beautiful detached house comes WITH NEW ROOF and has 5 bedrooms + Bonus room with 3.5 bathrooms including a 4 pc ensuite with a jetted jacuzzi tub. The Main level showcases a bright cathedral ceiling Foyer, Formal Dining Room, Living Room, and Kitchen with new cabinets and Granite Countertops, Stainless Steel Appliances, Walkthrough Pantry to the Laundry Room, and a Powder Room. The main floor consists of a state-of-the-art kitchen equipped with brand new beautiful granite countertops as well the finest appliances which include Gas counter top stove, wall installed oven & microwave. Once in the house you will be amazed by the amount of light that enters the home. Even by the night time you will be in awe of the beautiful SCENERIES around the house. In the basement you have 2 bedrooms 1 bathroom fully suited basement ( Secondary Suite approved ) with a separate laundry and kitchenette. Home comes with expensive and luxurious Italian concrete sidewalk leading to a beautiful and huge fenced backyard. The home is within a short walk to multiple Schools, Shopping Centers, Restaurants, Coffee Shops, Movie Theatre, Public Library, Vivo, Grocery Stores, major banks, public transport, lakes, biking trails and lots more. FULLY TENANT-OCCUPIED UPPER-LEVEL RENT IS $2300 AND THE SECONDARY LEGAL SUITE IS $1,250 TOTAL RENT IS $3,550
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
1,921.6 sq. ft.
Main Level Finished Area:
834.5 sq. ft.
Below Grade Finished Area:
900 sq. ft.
HOA Fee Frequency:
Annually
Lot Area:
7,266 sq. ft.
Lot Frontage:
0'
Front Exposure:
North
Unit Exposure:
North
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2000 (Age: 22)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0110609
Heating:
Forced Air
Basement:
Finished, Suite, Walk-Out
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Vinyl
Cooling:
Central Air, Window Unit(s)
Fireplaces:
0
Utilities:
Electricity Available, Natural Gas Available, Water Available
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Laundry Room
HOA Fee:
$268.00
Panorama Hills
Clubhouse, Park, Playground
Built-In Gas Range, Built-In Oven, Dryer, Electric Oven, Electric Stove, Garage Control(s), Gas Cooktop, Microwave, Microwave Hood Fan, Washer/Dryer
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, wall oven, wall microwave Built-In Gas Range, Built-In Oven, Dryer, Electric Oven, Electric Stove, Garage Control(s), Gas Cooktop, Microwave, Microwave Hood Fan, Washer/Dryer
None Known
Floor
Type
Size
Other
Main Floor
Other
13' × 10'
Main Floor
Entrance
6'10" × 5'7"
Main Floor
Office
13' × 5'
Main Floor
Dining Room
12'5" × 8'8"
Main Floor
Living Room
15'1" × 12'7"
Main Floor
Kitchen
12'5" × 11'9"
Main Floor
Pantry
7'7" × 4'8"
Main Floor
Laundry
9'2" × 9'
Upper Level
Bedroom - Primary
14' × 11'11"
Upper Level
Other
7'6" × 3'10"
Upper Level
Bedroom
13'5" × 12'8"
Upper Level
Bedroom
10'2" × 10'1"
Upper Level
Bonus Room
19' × 14'10"
Basement
Furnace/Utility Room
8'2" × 7'2"
Basement
Other
16'5" × 8'11"
Basement
Bedroom
12'8" × 8'6"
Basement
Entrance
6'6" × 4'4"
Basement
Game Room
12'1" × 10'
Basement
Kitchen
10'11" × 5'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'3"
Upper Level
Yes
5
8'2" x 9'8"
Upper Level
No
4
4'11" x 7'6"
Basement
No
3
6'6" x 7'8"
Community Features:
Clubhouse, Golf, Schools Nearby, Playground, Sidewalks, Street Lights, Shopping Nearby
Interior Features:
Ceiling Fan(s), Jetted Tub, Pantry, Walk-In Closet(s)
Exterior Features:
Garden, Playground, Private Yard
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Yard, Lawn, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1
Listed Date:
Sep 19, 2022
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Listed by CONTINENTAL REALTY & MANAGEMENT
Data was last updated September 29, 2022 at 05:30 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$575,000
Min list price:
$168,888
Max list price:
$1,699,000
Avg days on market:
28
Min days on market:
5
Max days on market:
181
Avg price per sq.ft.:
$330.73
These statistics are generated based on the current listing's property type and located in Panorama Hills. Average values are derived using median calculations.
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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™.
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