Dobey Realty

$674,900 · For Sale
121 Sunbank Way SE, Calgary, Alberta
3+2Bedrooms
2Bathrooms
1,048sq ft
348m² Lot
31Days on Market

About This Property

EXCELLENT REVENUE PROPERTY generating a total of $3,550 per month in rental income, with tenants paying all utilities. This LEGALLY SUITED bungalow in the highly sought-after lake community of Sundance offers an attractive opportunity for investors looking for immediate income from two independent living spaces.The main level offers over 1,000 sq. ft. with three bedrooms, a spacious living room, dedicated dining area, functional kitchen, full bathroom, and its own laundry. Downstairs is a LEGAL two-bedroom basement suite with its own kitchen, full bathroom, laundry, family room with wood-burning fireplace, storage, and separate entrance.With five bedrooms between the two living spaces, this property offers a strong rental configuration with a combined $3,550 PER MONTH in current rental income, while tenants pay all utilities. That means the property is already set up to produce revenue without an owner having to take on the utility costs.Adding even more value is the oversized HEATED DOUBLE DETACHED GARAGE, providing secure parking, storage, or potential additional rental value. Outside is a private south-facing backyard with a fire pit and plenty of room to enjoy the warmer months.Located in one of Calgary's established lake communities, residents enjoy access to Sundance Lake along with nearby schools, parks, playgrounds, pathways, shopping, transit and Fish Creek Park.LEGAL SUITE. $3,550/MONTH IN RENTAL INCOME. TENANTS PAY UTILITIES. FIVE BEDROOMS. TWO INDEPENDENT LIVING SPACES. HEATED DOUBLE GARAGE. LAKE COMMUNITY. Whether you're adding to an investment portfolio or looking for a property with strong existing revenue, 121 Sunbank Way SE delivers an increasingly difficult combination to find in Calgary.

Key Features

  • Built in 1982
  • House
  • Freehold
  • Basement: Finished, Full, Separate entrance, Walk-up, Suite
  • Detached Garage, Garage, Heated Garage Parking
  • 1 Fireplace

Property Details

Community Sundance
Property Type House
Building Type House
Storeys 1
Year Built 1982
Ownership/Title Freehold
MLS® Number A2342640

Size & Land

Finished Area 1,048 sq ft
Land Size 348 m² Lot

Building Features

Basement Finished, Full, Separate entrance, Walk-up, Suite
Heating Forced air, Natural gas, Other
Cooling None
Foundation Poured Concrete
Fireplace 1 Fireplace

Parking

Parking Type Detached Garage, Garage, Heated Garage
Parking Spaces 2

Financial & Other

Property Taxes $4,156/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$2,866/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.

  • Mortgage$2,866
  • Property tax$346
  • Estimated total$3,213/mo
Customize This Estimate →
Listing courtesy of REMAX Innovations · Calgary Real Estate Board
View on REALTOR.ca

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