Investment opportunities like this are becoming increasingly difficult to find. Offering immediate rental income, two self-contained living spaces, and the long-term advantages of owning a detached home in the established community of Highland Park, this property is an excellent addition to any real estate portfolio.Located in the desirable inner-city community of Highland Park, investors will appreciate the strong rental appeal created by convenient access to downtown Calgary, Centre Street, Edmonton Trail, Deerfoot Trail, public transit, parks, schools, shopping, restaurants, and nearby amenities. The central location continues to attract tenants seeking affordable housing with excellent access throughout the city, making this a smart long-term investment.The property features two separate living spaces, providing excellent income potential and flexibility. The main floor offers a well-maintained two-bedroom, one-bathroom living space with its own private washer and dryer. Thoughtful updates completed in approximately 2015 provide a move-in-ready living environment that continues to appeal to quality tenants.The lower level features a separate one-bedroom, one-bathroom illegal suite, also complete with its own private washer and dryer. One of the standout advantages of this property is that both are currently occupied under one-year lease agreements, providing immediate rental income from day one and reducing the uncertainty and costs associated with securing new tenants. Outside, the detached single garage further enhances the property's desirability by providing secure parking, additional storage, or flexible space for tenant use. An increasingly valuable feature for rental properties in established inner-city neighbourhoods.Whether you are looking to expand your investment portfolio, enter the Calgary rental market, or secure a property with future redevelopment potential commonly associated with established inner-city communities, this property offers ou tstanding value. Combining immediate cash flow, a detached home, two income-producing living spaces, a detached garage, and an exceptional Highland Park location, this is an investment opportunity well worth your consideration. (id:51989)
Features of 3911 1 Street Nw
- MLS® Number A2332916
- Price $450,000
- Bedrooms: 3
- Bathrooms: 2
- Square Footage: 801 sqft
- Property Type: House
- Community Name: Highland Park
- Features See Remarks, Other, Back Lane
- Parking Space Total 1
- Plan 3674s
Buildings
| Bathroom Total | 2 | Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 | Bedrooms Total | 3 |
| Appliances | Refrigerator, Stove, Hood Fan, Washer & Dryer | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Features | Separate Entrance, Suite |
| Basement Type | Full (finished) | Constructed Date | 1959 |
| Construction Material | Wood Frame | Construction Style Attachment | Detached |
| Cooling Type | None | Exterior Finish | Vinyl Siding |
| Flooring Type | Carpeted, Ceramic Tile, Hardwood | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Stories Total | 1 | Size Interior | 801 Sqft |
| Total Finished Area | 800.54 Sqft | Type | House |
Parking
| Detached Garage | 1 |
Land
| Acreage | No | Fence Type | Fence |
| Landscape Features | Landscaped | Size Depth | 36.56 M |
| Size Frontage | 7.62 M | Size Irregular | 279.00 |
| Size Total | 279 M2|0-4,050 Sqft | Size Total Text | 279 M2|0-4,050 Sqft |
| Zoning Description | R-cg |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Family Room | 27.75 Ft x 10.17 Ft | ||
| Lower Level | Kitchen | 7.00 Ft x 5.00 Ft | ||
| Lower Level | Bedroom | 16.92 Ft x 11.83 Ft | ||
| Lower Level | 3pc Bathroom | 6.33 Ft x 6.17 Ft | ||
| Main Level | Living Room | 18.25 Ft x 10.92 Ft | ||
| Main Level | Kitchen | 13.33 Ft x 11.58 Ft | ||
| Main Level | Primary Bedroom | 12.92 Ft x 8.92 Ft | ||
| Main Level | Bedroom | 12.92 Ft x 8.92 Ft | ||
| Main Level | 3pc Bathroom | 6.92 Ft x 5.83 Ft |
Agents and Offices
- Big John Peterson
- Office: RE/MAX Realty Professionals
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