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Investor Special – 3 Rental Streams, Greenspace, and R-CG Zoning! Rare opportunity to own a 1,422 sqft bungalow—the lowest-priced home of this size in Calgary—backing onto a greenspace in the high-demand community of Penbrooke Meadows. This property delivers immediate and proven cash flow with 3 potential rental streams: a 3-bedroom main floor, a 3-bedroom illegal basement suite with separate entrance (previously rented for $1,800/month), and a converted garage with private entry (previously rented for $800/month). That’s up to 3 tenants and 3 rents—a true cash cow for investors. Need garage space? Easily convert the 7th bedroom back to a Single Attached Garage, or take advantage of the back alley access and build a Brand-New Double Detached Garage to increase future resale value. Already upgraded with City-approved copper wiring and electrical meter, LED lighting, newer windows, ceramic & luxury vinyl flooring, and a 4–5-year-old roof, this property is solid and low-maintenance. Even better, it sits on an R-CG zoned lot, opening the door to future redevelopment, legal suites, or increased density—ideal for long-term portfolio growth. Located close to schools, shopping, parks, and major commuter routes (17th Ave, Memorial, Stoney, and Deerfoot), it's perfectly positioned to attract reliable tenants year-round. Live in one unit and rent the rest, renovate and flip, or hold for steady appreciation and monthly income—this is an investor’s dream with built-in upside. (id:37074)
| MLS® Number | A2242804 |
| Property Type | Single Family |
| Neigbourhood | Penbrooke Meadows |
| Community Name | Penbrooke Meadows |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | Back Lane |
| Parking Space Total | 2 |
| Plan | 41lk |
| Other | |
| Parking Pad | |
| See Remarks |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 7 |
| Appliances | See Remarks |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk-up, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1972 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Laminate, Other, Tile |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,422 Ft2 |
| Total Finished Area | 1422.34 Sqft |
| Type | House |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 12.17 Ft x 9.83 Ft | ||
| Basement | Bedroom | 13.17 Ft x 10.50 Ft | ||
| Basement | Bedroom | 12.83 Ft x 12.92 Ft | ||
| Basement | Living Room | 16.92 Ft x 12.42 Ft | ||
| Basement | 4pc Bathroom | 9.25 Ft x 7.83 Ft | ||
| Basement | Kitchen | 12.25 Ft x 12.25 Ft | ||
| Basement | Furnace | 13.08 Ft x 9.58 Ft | ||
| Main Level | Primary Bedroom | 13.33 Ft x 11.67 Ft | ||
| Main Level | Bedroom | 11.25 Ft x 20.83 Ft | ||
| Main Level | Bedroom | 9.83 Ft x 10.42 Ft | ||
| Main Level | Kitchen | 13.83 Ft x 9.08 Ft | ||
| Main Level | 3pc Bathroom | 9.50 Ft x 2.83 Ft | ||
| Main Level | 4pc Bathroom | 13.08 Ft x 4.58 Ft | ||
| Main Level | Bedroom | 13.25 Ft x 8.17 Ft | ||
| Main Level | Dining Room | 13.83 Ft x 8.33 Ft | ||
| Main Level | Living Room | 13.33 Ft x 17.58 Ft |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Depth | 9.29 M |
| Size Frontage | 4.83 M |
| Size Irregular | 5198.97 |
| Size Total | 5198.97 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 5198.97 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R-cg |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. 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. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
