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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726 53 Avenue SW
Windsor Park Calgary T2V 0C3

$750,000
Residential beds: 3 baths: 2.0 997 sq. ft. built: 1950

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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2002717
Bedrooms:
3
Bathrooms:
2
Year Built:
1950
This is your money maker. Monthly Rents: $2395 up, $1350 down, $250 garage (Utilities included). Rent out the whole property or live up and rent down. This executive raised bungalow has been well maintained and has many upgrades that you'll enjoy. Some of them include: vinyl windows throughout, maple cabinets (42" upper), large eyebrow island, Cat 5, original hardwood floors, HE furnace and 2 year old hot water tank, Newer roof (less than 5 years), porcelain tile and oversized spa soaker tubs in both bathrooms. The lot itself, is flat, located on one of the highest points in Windsor Park and is ideal for future developments. A future second storey would have a peak-a-boo view and a third level would have an unobstructed view of downtown Calgary. The home is located 150' east of Elbow drive, a quiet location yet close to a major artery and just minutes from downtown. The front yard offers a no maintenance landscape design and the back yard features a large tree and plenty of perennials with a wood deck. The double detached garage features an interior developed studio space for a wide variety of uses. Some willing to rent out the entire garage for $700/mth. Come view this great property today or come to either of the OPEN HOUSES ON FRIDAY SEPT 23RD 4:00 - 6:00PM AND SATURDAY SEPT 24TH NOON TILL 2:00 PM.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Legal
Home Style:
Bungalow, Up/Down
Total Living Area:
997 sq. ft.
Main Level Finished Area:
997 sq. ft.
Below Grade Finished Area:
716 sq. ft.
Lot Area:
5,995 sq. ft.
Lot Frontage:
50'
Lot Details:
50x120
Front Exposure:
South
Unit Exposure:
South
Levels:
One
End Unit:
No Common Walls
Total Rooms Above Grade:
5
Year built:
1950 (Age: 72)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1693AF
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Double Garage Detached, Garage Faces Rear, On Street, Oversized, Stall
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Common Area, In Basement
Windsor Park
Dishwasher, Dryer, Electric Range, Electric Stove, ENERGY STAR Qualified Refrigerator, Microwave, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
none
None Known
Floor
Type
Size
Other
Main Floor
Kitchen With Eating Area
19'1" × 12'8"
Main Floor
Living Room
18'2" × 11'10"
Main Floor
Bedroom - Primary
12'1" × 11'
Main Floor
Bedroom
12'2" × 11'2"
Main Floor
Other
15'6" × 9'10"
Basement
Family Room
19'11" × 10'5"
Basement
Kitchen
15'10" × 7'2"
Basement
Bedroom
13'7" × 8'5"
Basement
Furnace/Utility Room
4'10" × 3'8"
Basement
Laundry
11'4" × 7'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'9" x 9'11"
Basement
No
4
11'2" x 11'8"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Schools Nearby, Playground, Sidewalks, Street Lights, Shopping Nearby
Interior Features:
Kitchen Island, Laminate Counters, No Animal Home, No Smoking Home, Recessed Lighting, Separate Entrance, Storage, Track Lighting, Vinyl Windows
Exterior Features:
Fire Pit, Private Yard
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Back Lane, Back Yard, City Lot, Close to Clubhouse, Fruit Trees/Shrub(s), Few Trees, Lawn, Low Maintenance Landscape, Interior Lot, Landscaped, Level, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Nearest Town:
Calgary
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C2
Listed Date:
Sep 20, 2022
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Listed by RE/MAX REALTY PROFESSIONALS
Data was last updated September 29, 2022 at 05:30 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$594,394
Min list price:
$168,000
Max list price:
$1,350,000
Avg days on market:
33
Min days on market:
2
Max days on market:
204
Avg price per sq.ft.:
$395.17
These statistics are generated based on the current listing's property type and located in Windsor Park. 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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