MLS®: A2354739 - Forest Lawn Bungalow with Loft $540,000

  • Address: 2232 42 Street
  • Size: 951 sq.ft.
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LIVE UPSTAIRS OR DOWNSTAIRS — LET RENTAL INCOME HELP PAY YOUR MORTGAGE! REGISTERED LEGAL BASEMENT SUITE | DOUBLE DETACHED GARAGE | $3,000 CURRENT COMBINED MONTHLY RENTAL INCOME. Looking for a detached home in Calgary with a way to make homeownership more affordable? This Forest Lawn property offers a fantastic opportunity to live in one residence while collecting rental income from the other. Whether you prefer the bright main and upper levels for yourself or a more compact basement residence while renting the upper level, this home gives you the flexibility to choose the arrangement that works best for your lifestyle and budget. Currently generating a combined $3,000 per month in rental income, including utilities, the property features two self-contained living spaces and a City of Calgary registered legal basement suite. Both residences are currently occupied by tenants on month-to-month agreements, offering flexibility for a future owner, subject to applicable tenancy requirements. THE MAIN AND UPPER RESIDENCE welcomes you with generous natural light, large windows, a comfortable living room, a fully equipped kitchen, a spacious main-floor bedroom, a second bedroom in the upper loft with lower ceiling height, and a full bathroom. A charming and practical space to call home. THE REGISTERED LEGAL BASEMENT SUITE offers a private separate entrance, one bedroom, a full bathroom, a bright living area with large legal windows, and a fully equipped kitchen with stove, range hood, refrigerator and dishwasher. Its own full-size washer and dryer provide additional convenience and independence. IMPORTANT UPGRADES ALREADY COMPLETED! The foundation and basement were reinforced and rebuilt with a concrete basement by a previous owner in the 1960s. During the current owner's approximately 10 years of ownership, significant improvements have included the roof, furnace, hot water tank, basement windows and appliances, all updated within approximately the past five years. Outside, enjoy a west-facing backyard, a double detached garage with wooden workbenches, two additional storage sheds, and a generous 6,103 sq. ft. lot with room for outdoor enjoyment and storage. Located in the established community of Forest Lawn, you'll appreciate convenient access to schools, parks, grocery stores, restaurants, shopping and the many amenities along International Avenue. Public transit, including MAX Purple rapid bus service, provides convenient connections toward downtown Calgary. WHY PAY THE ENTIRE MORTGAGE YOURSELF WHEN YOUR HOME COULD HELP? Enjoy the independence of owning a detached home, the benefit of a registered legal rental suite, and the flexibility to choose which residence suits you best.

MLS®: A2354739 - Forest Lawn Bungalow with Loft $540,000

  • Address: 2232 42 Street
  • Size: 951 sq.ft.
  • 3
  • 2
  • 2

Includes: Blinds

Site Influences: Back Lane, Back Yard, City Lot, Few Trees, Rectangular Lot

Property Information

Property Type: Residential Detached Single Family

Home Style: Bungalow with Loft

Year Built: 1910

Total Floor Area: 951 sq. ft.

Brokerage: RE/MAX House of Real Estate

Listed Date: Please login or create an account

Community Information

City/Town: Calgary

Community: Forest Lawn

Exterior

Lot Size: 0.14 sq.ft.

Lot Shape: Back Lane,Back Yard,City Lot,Few Trees,Rectangular Lot

Exterior: Vinyl Siding, Wood Frame

Construction: Vinyl Siding,Wood Frame

Frontage: 4.64M 15`3"

Front Exposure: E

Roof: Asphalt Shingle

Parking: Additional Parking, Double Garage Detached

Total Parking: 3

Interior

Heating: Forced Air

Basement: Full

Floor Finish: Carpet, Laminate, Linoleum

Fireplace Details: For Sale

Rooms

Total Bedrooms: 3 (Bedrooms Above: 2)

Bathrooms: Full: 2 / Half: 0

Above Grade: 5

Legal, Financial & Possession

Zoning: R-C2

Legal Description: Lot/Unit: Lot/Unit:,Plan: 2900W,Block:

Tax: 3810.00

Possession: Negotiable,Subject To Tenancy

Occupancy: Tenant

Restrictions: None Known

Listing Courtesy of RE/MAX House of Real Estate

The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

MLS®: A2354739 - Forest Lawn Bungalow with Loft $540,000

  • Address: 2232 42 Street
  • Size: 951 sq.ft.
  • 3
  • 2
  • 2

Listing Courtesy of RE/MAX House of Real Estate

The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.