Welcome to 775 130 Ave in highly sought after Canyon Meadows! Located a short walk from the transit station, and seconds to bus stops, this 5 bed, 2.5 bathroom property with detached double garage is a fantastic option for turnkey buy-and-hold investors as well as those looking for a mortgage helper. With $2400/mo rent + $300/mo utilities main level income (recently signed for another year) with market rent for non-conforming basement suites in the area at $1500/mo + utilities, this home has strong potential cash flow at 20% down. The basement will be vacant May 1 if there is desire to renovate and legalize, or if you wish to live in the property and save money on your mortgage, the main level tenants have been there for over 7 years without missing a month. There is also potential for redevelopment to build 4 townhomes thanks to the extra wide 57'x110' corner lot. Recent work includes roof (2018), furnace (2023), recent plumbing inspection with upgrades and remediation, fences less than 5 years ago, and new drywall and baseboards in the laundry room which will be completed in the next week. Stove on the main level will also be replaced prior to possession. Canyon Meadows is one of the most rentable communities in Calgary, with great road access, walking and biking paths, and fantastic transit access for tenants. This is a great opportunity to get into the Canyon Meadows rental market for well under recent market values in the area. Book your showing today!
Contact Corinne Watson About MLS® A2204801
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Corinne Watson , 403-921-7653 at CIR Realty North West, #168, 8060 Silver Springs Blvd. N.W., Calgary, Alberta, T3B 5K1
property information
Property Type: Detached Home
MLS®#: A2204801
Style: Bungalow
Year Built: 1975
Lot Shape: Back Lane,Back Yard,Corner Lot,Few Trees,Lawn
Total Floor Area: 1,157 sq.ft
Community Information
Address: 775 130 Avenue
Neighbourhood: Canyon Meadows
City: Calgary
Postal Code: T2W2C2
interior
Included: Uninstalled water softener
Bedrooms: 5 (Bedrooms Above: 3)
Bathrooms: Full: 2 / Half: 1
Rooms Above Grade: 6
Fireplace Details: For Sale
Basement: Finished, Full, Suite, Finished, Full, Suite
Floor Finish: Carpet, Ceramic Tile, Laminate
exterior
Exterior Features: Back Lane, Back Yard, Corner Lot, Few Trees, Lawn
Exterior Finish: Vinyl Siding
Construction: Vinyl Siding
Roof: Asphalt Shingle
Front Exposure: N
Frontage: 16.76M 55`0" metres
services & amenities
Parking: Double Garage Detached, Off Street, Parking Pad (4 Total Parking Spaces)
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