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206 23 Avenue NE

Calgary, AB T2E 1V7
  • $799,900
  • STATUS: Active
  • ID#: A2034963
UPDATED: 54 min ago
$799,900
  • 3
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 855
    SQFT
  • $936
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
Built:
1949
Area:

Description

CALLING ALL INVESTORS | Illegal Basement Suite | BUILD PLANS & PERMITS AVAILABLE | 50x119 RC-2 Lot | DETACHED GARAGE | 3 Bed - 2 Bath |Build on it or rent it out top & bottom separately with the illegal basement suite. This home is the perfect rental investment property AND future development property. This stunning bungalow on an expansive 50x119 lot is a rare investment opportunity that cannot be missed. The property has undergone numerous renovations, including installing a newer furnace, hot water tank, windows & doors, deck, and vinyl flooring. The potential for generating substantial income is unmatched, as the property can be leased as a whole or rented out separately from the basement unit.The living room is beautifully designed with vinyl floors that add to the overall elegance of the property. The main floor houses two bedrooms and an updated 4-piece bath. The elegant kitchen has seen updated countertops & cabinets and leads out to a private deck overlooking the vast backyard with a single garage and alley access.The illegal basement unit, which is finished and has a private entrance to a one-bedroom suite, opens to a spacious kitchen fitted with a gas stove and fridge. It also includes a 3-piece bathroom and shared laundry area. Currently, the home is being rented for $2200 plus utilities. There is room for improvement as rents have gone up near 30% since last year. The tenants would love to stay! There are plans available for a modern duplex build. Sleek lines really make these units stand out. This property is surrounded by NEW HOMES! The infills on this street truly uphold the value.This exceptional property is a promising source of revenue with excellent prospects for future development in a serene neighborhood conveniently located near the University of Calgary, SAIT, downtown, and an array of trendy restaurants and amenities. Take advantage of this unique opportunity to acquire a lucrative revenue property with exceptional earning potential.

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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™. 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. Used under license. Data last updated: 2023-06-04T16:29:57.897.
www.calgaryhomefinders.com/homes/138067554
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206 23 Avenue NE Calgary, AB T2E 1V7

  • Price: $799,900
  • Status: Active
  • On Site: Days
  • Updated: 54 min ago
  • ID#: A2034963
3
Beds
2
Baths
0
½ Baths
0.14
Acres
855
SQFT
$936
$/SQFT
1949
Built
Neighbourhood:
Tuxedo Park
Area:
Calgary
Property Description
CALLING ALL INVESTORS | Illegal Basement Suite | BUILD PLANS & PERMITS AVAILABLE | 50x119 RC-2 Lot | DETACHED GARAGE | 3 Bed - 2 Bath |Build on it or rent it out top & bottom separately with the illegal basement suite. This home is the perfect rental investment property AND future development property. This stunning bungalow on an expansive 50x119 lot is a rare investment opportunity that cannot be missed. The property has undergone numerous renovations, including installing a newer furnace, hot water tank, windows & doors, deck, and vinyl flooring. The potential for generating substantial income is unmatched, as the property can be leased as a whole or rented out separately from the basement unit.The living room is beautifully designed with vinyl floors that add to the overall elegance of the property. The main floor houses two bedrooms and an updated 4-piece bath. The elegant kitchen has seen updated countertops & cabinets and leads out to a private deck overlooking the vast backyard with a single garage and alley access.The illegal basement unit, which is finished and has a private entrance to a one-bedroom suite, opens to a spacious kitchen fitted with a gas stove and fridge. It also includes a 3-piece bathroom and shared laundry area. Currently, the home is being rented for $2200 plus utilities. There is room for improvement as rents have gone up near 30% since last year. The tenants would love to stay! There are plans available for a modern duplex build. Sleek lines really make these units stand out. This property is surrounded by NEW HOMES! The infills on this street truly uphold the value.This exceptional property is a promising source of revenue with excellent prospects for future development in a serene neighborhood conveniently located near the University of Calgary, SAIT, downtown, and an array of trendy restaurants and amenities. Take advantage of this unique opportunity to acquire a lucrative revenue property with exceptional earning potential.
Exterior Features

Architectural Style Bungalow Construction Materials ConcreteStuccoWood Frame Entry Level 0 Exterior Features LightingPrivate YardRain GuttersStorage Fencing Cross FencedFenced Foundation Details Poured Concrete Frontage Length 15.25M 50`0" Garage YN Yes Levels One Parking Features Additional ParkingAlley AccessGarage Faces RearSingle Garage Detached Parking Total 2 Patio And Porch Features DeckPatio Roof Asphalt Shingle Structure Type House Unit Exposure S

Interior Features

Basement Separate/Exterior EntryFinishedFullSuite Bedrooms Above Grade 2 Cooling None Ensuite YN No Fireplaces Total 0 Five Piece Bath 0 Five Piece Ensuite Bath 0 Flooring CarpetCeramic TileHardwoodLaminateVinyl Four Piece Bath 1 Four Piece Ensuite Bath 0 Heating Forced AirNatural Gas Interior Features Built-In FeaturesCeiling Fan(S)ChandelierCloset OrganizersNatural WoodworkPantryRecessed LightingSeparate EntranceStorageWalk-In Closet(S) Laundry Features Laundry Room Rooms Kitchen (Main) Living Room (Main) Bedroom (Main) Bedroom (Main) 4pc Bathroom (Main) Laundry (Basement) Furnace/Utility Room (Basement) Kitchen (Basement) Family Room (Basement) Bedroom (Basement) 3pc Bathroom (Basement) Six Piece Bath 0 Six Piece Ensuite Bath 0 Three Piece Bath 1 Three Piece Ensuite Bath 0 Two Piece Bath 0 Two Piece Ensuite Bath 0

Property Features

Additional Parcels YN No Association YN No Association2 YN No Community Features ParkSchools NearbyPlaygroundPoolSidewalksStreet LightsTennis Court(S)Shopping Nearby Condo Type Not A Condo Direction Faces S Inclusions Na Lot Features Back YardCity LotClose To ClubhouseDog Run Fenced InFew TreesFront YardLawnInterior LotLandscapedStandard Shaped LotStreet LightingOpen LotPrivateRectangular Lot New Construction YN No One Piece Bath 0 Property Sub Type Detached Title Land Fee Simple Transaction Type For Sale Zoning R-C2

Listing provided courtesy of Real Broker. © 2023 Pillar 9™. All Rights Reserved.
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™. 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. Used under license. Data last updated: 2023-06-04T16:29:57.897.
 
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