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 |