Calgary Realtor

$595,000 · For Sale
112 Penmeadows Close SE, Calgary, Alberta
3+2Bedrooms
2Bathrooms
1,009sq ft
464m² Lot
49Days on Market

About This Property

Fantastic Income Property! Generate approximately $3,500 per month in rental income as an investor, or take advantage of an excellent opportunity for first-time buyers. The lower legal suite is currently vacant, allowing you to move in while collecting $1,700/month from the main floor plus $600/month from the heated garage rental to help offset your mortgage. The main floor features a spacious living room, dining area, large kitchen, three good-sized bedrooms, and a 4-piece bathroom. The bright lower legal suite offers its own kitchen, large living room, two good-sized bedrooms, and a 4-piece bathroom. Shared laundry is conveniently located in lower level. Outside you'll find a mechanics dream insulated heated 28 x 28 garage/shop with 9' door, a large backyard with plenty of room to enjoy, a deck, and additional parking. Numerous updates include a furnace (approximately 12 years old), hot water tank (approximately 4 years old), basement windows (approximately 2 years old), and the main living room window. Located on a quiet street close to green spaces, shopping, schools, public transit, and all amenities, this is a versatile property offering strong cash flow, mortgage assistance, or an ideal investment opportunity. Click on link to view 3D walk through.

Key Features

  • Built in 1971
  • House
  • Freehold
  • Basement: Finished, Full, Suite
  • Detached Garage, Garage, Oversize, Heated Garage Parking
  • Forced air, Natural gas Heat

Property Details

Community Penbrooke Meadows
Property Type Single Family
Building Type House
Storeys 1
Year Built 1971
Ownership/Title Freehold
MLS® Number A2335551

Size & Land

Finished Area 1,009 sq ft
Land Size 464 m² Lot

Building Features

Basement Finished, Full, Suite
Heating Forced air, Natural gas
Cooling None
Foundation Poured Concrete

Parking

Parking Type Detached Garage, Garage, Oversize, Heated Garage
Parking Spaces 4

Financial & Other

Property Taxes $3,627/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$2,527/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

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Listing courtesy of RE/MAX Real Estate (Mountain View) · Calgary Real Estate Board
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Evans Dobey
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