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616 34 Avenue NE, Calgary, Alberta T2E 2K2
About This Property
PRIME INVESTMENT OPPORTUNITY with a LEGAL BASEMENT SUITE! This well-maintained bungalow offers strong income potential and flexibility for investors or homeowners alike. The LEGAL BASEMENT SUITE has been successfully operated as a short-term rental. Situated on a generous 5,758 SQ. FT. R-C2 ZONED LOT, this property also offers excellent FUTURE REDEVELOPMENT POTENTIAL. The home features approximately 939.58 sq. ft. above grade, with SEPARATE LIVING SPACES, UPDATED MECHANICALS, and RENOVATED INTERIORS throughout. The main floor includes a SPACIOUS KITCHEN with a breakfast bar, a large living area, 3 bedrooms and a 4-piece bathroom, SEPARATE LAUNDRY. The FULLY DEVELOPED LEGAL BASEMENT SUITE below offers its own PRIVATE ACCESS, kitchen, recreation room, 1 BEDROOM and a 3-PIECE BATHROOM, with laundry in the basement — ideal for short-term or long-term rental income. Outside, enjoy a patio, partially fenced back yard, back lane access, a SINGLE DETACHED GARAGE and a carport. Conveniently located close to downtown, transit, Deerfoot Trail, schools, parks, shopping, and Winston Golf Club, this property is a fantastic opportunity for CASH FLOW, a MORTGAGE HELPER, or future redevelopment.
Key Features
- Built in 1956
- Basement: Finished, Full, Separate entrance, Suite
- Detached Garage, Carport Parking
- Forced air Heat
Property Details
Bedrooms & Bathrooms
Size
Interior
Building
Parking
Land
Financial
Rooms
Main Level
Basement
Room measurements are supplied by the listing brokerage and are approximate.
What’s nearby
- Georges P. Vanier SchoolPublic (CBE) · Grades 7-9 400 m5 min walk
- Buchanan School 950 m12 min walk
- Foundations for the Future Charter Academy - North Middle School Campus 1.4 km17 min walk
- James Fowler High SchoolPublic (CBE) 1.4 km18 min walk
Distances are straight-line. Catchment areas change, so confirm the designated school with the Calgary Board of Education or Calgary Catholic School District.
- Unimarket Latin Foods 1.2 km15 min walk
- The Top Dog Store 1.5 km18 min walk
- The Italian Supermarket 1.5 km19 min walk
Tap a place for directions. Places from OpenStreetMap contributors.
Estimated Monthly Payment
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$2,760
- Property tax$335
- Estimated total$3,096/mo
View on REALTOR.ca
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