Calgary Tenanted, Single Family Rental for Sale in Beddington- could be legalised

KeithnCalgary

Mortgage Associate & REIA
REIN Member
Mar 21, 2011
126
57
28
Calgary
www.pmpcalgary.ca
#1
Here is some information on the Beddington rental property we have available for private sale. I have attached a proforma as well. The property is available for a discounted price of $367K if sold prior to being put on the open market. Property to be listed on the open market by August 7th.

Positive Cash-flow rental property located in quiet close near Centre St N. Green space and elementary schools are all close by. Huge corner lot and yard yard allows for opportunity to build a garage for added cash flow. Legalise the existing basement suite through the new Discretionary Use bylaw. Need details ask me. Use funds from a purchase plus improvements mortgage to fund the cost of the garage and legalizing the suite about 30K should do it. Property has updated appliances and updates through out. Basement has new bathroom oasis in April 2018, main floor has engineered hardwood and carpet. With great tenants in each unit with current gross income of $2,475/mth. New garage and parking pad could add another $375/mth in cash flow. Projected value with completed legal suite and garage is $430K

Main floor is 3 bedroom and 1 bath and basement suite is an illegal 1 bedroom 1 bath with separate entrance. Raised bi-level gives the basement large amounts of natural light and comfortable feeling. There is a separate shared laundry space for the tenants.
 

Attachments